Guideline Value for Adiparasakthi Nagar 1st Street

Adiparasakthi Nagar 1st Street guideline value

The current guideline value of Adiparasakthi Nagar 1st Street is Rs 300 per sq.ft, effective from 1 July 2024. This street is located in Kaduvancheri village, under the Sriperumpudur SRO, and is classified as Residential Special Type - I.

How the guideline value of Adiparasakthi Nagar 1st Street has changed

The guideline value for Adiparasakthi Nagar 1st Street has seen several revisions over the years. The 2012 revision set the value at Rs 300 per sq.ft, which remained unchanged in the 2017 revision. However, in 2017, the value increased to Rs 201 per sq.ft, marking a decrease of 33% from the previous figure. The following revisions in 2023 and 2024 maintained the value at Rs 300 per sq.ft, resulting in a significant increase of 49% from 2017 to 2023, but no change from 2023 to 2024.

It is important to note that the register has no figures for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value remains unchanged at Rs 300 per sq.ft.

Guideline values in Kaduvancheri

In Kaduvancheri, there are 37 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 1,500 per sq.ft. The median value for these streets is Rs 300 per sq.ft, which is equal to the guideline value of Adiparasakthi Nagar 1st Street.

• Adiparasakthi Nagar 2nd Street: Rs 300 per sq.ft (2024)
• Adiparasakthi Nagar 3rd Street: Rs 300 per sq.ft (2024)
• Adiparasakthi Nagar Kulakkarai Street: Rs 300 per sq.ft (2024)
• Adiparasakthi Nagar Madha Koil Street: Rs 300 per sq.ft (2024)
• Adiparasakthi Nagar Pradhana Salai: Rs 300 per sq.ft (2024)
• Alwin Nagar: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Adiparasakthi Nagar 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value would be Rs 3,00,000. The stamp duty at 7% would amount to Rs 21,000, while the registration fee at 2% would be Rs 6,000, bringing the total fees to Rs 27,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Adiparasakthi Nagar 1st Street?

The Sub Registrar Office that covers Adiparasakthi Nagar 1st Street is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Kaduvancheri

When buying or selling property in Kaduvancheri, the guideline value plays a crucial role in determining the stamp duty and registration fees. The guideline value is considered the minimum value for property transactions, ensuring that the government receives appropriate revenue from property sales.

It is essential for buyers and sellers to be aware of the guideline value, as it affects the overall cost of the transaction. The fees calculated based on the guideline value must be factored into the budget when planning a property purchase or sale.

Frequently asked questions

What is the current guideline value of Adiparasakthi Nagar 1st Street?

The current guideline value of Adiparasakthi Nagar 1st Street is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 300 per sq.ft from 2012 to 2024, with a decrease to Rs 201 per sq.ft in 2017 before returning to Rs 300 per sq.ft in 2023 and 2024.

What is the land classification for Adiparasakthi Nagar 1st Street?

Adiparasakthi Nagar 1st Street is classified as Residential Special Type - I, which is relevant for determining its guideline value.

Where can I find the Sub Registrar Office for Adiparasakthi Nagar 1st Street?

The Sub Registrar Office for Adiparasakthi Nagar 1st Street is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Kaduvancheri?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 3,00,000, the stamp duty would be calculated at 7% of that amount.