Guideline Value for Adiparasakthi Nagar 2nd Street

Adiparasakthi Nagar 2nd Street guideline value

The current guideline value of Adiparasakthi Nagar 2nd Street is Rs 300 per sq.ft. This street is located in Kaduvancheri village, under the jurisdiction of the Sriperumpudur SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of Adiparasakthi Nagar 2nd Street has changed

The guideline value for Adiparasakthi Nagar 2nd Street has undergone several revisions over the years. The earliest recorded figure is from 2012, where the guideline value was Rs 300 per sq.ft. This figure remained unchanged in the 2017 revision, where it was also Rs 300 per sq.ft. However, in the 2017 revision, there was a significant increase of 49% from the previous figure of Rs 201 per sq.ft in 2017. The guideline value then remained steady at Rs 300 per sq.ft in the 2023 revision and continues to hold the same value in the 2024 revision.

It is important to note that there are no recorded figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has shown no change, remaining at Rs 300 per sq.ft.

Guideline values in Kaduvancheri

In Kaduvancheri, there are 37 streets under the Sriperumpudur SRO that have a guideline value for 2024, ranging from Rs 100 to Rs 1,500 per sq.ft. The median guideline value for these streets is Rs 300 per sq.ft, which is equal to the 2024 figure for Adiparasakthi Nagar 2nd Street.

• Adiparasakthi Nagar 1st 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 2nd Street

For a 1,000 sq.ft plot at the current rate of Rs 300 per sq.ft, the guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, totaling Rs 27,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Adiparasakthi Nagar 2nd Street?

The Sub Registrar Office that covers Adiparasakthi Nagar 2nd 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

The guideline value plays a crucial role in the registration process when buying or selling property in Kaduvancheri. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When a property transaction occurs, the guideline value is assessed, and the stamp duty is calculated based on this value or the sale price, whichever is higher. This ensures that all transactions are conducted transparently and fairly, as the guideline value reflects the government's valuation of properties in the area.

Frequently asked questions

What is the current guideline value of Adiparasakthi Nagar 2nd Street?

The current guideline value of Adiparasakthi Nagar 2nd Street is Rs 300 per sq.ft as per the 2024 revision.

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 significant increase of 49% from Rs 201 per sq.ft in 2017. There are no recorded figures for the years 2002, 2003, and 2007.

What is the land classification for Adiparasakthi Nagar 2nd Street?

The land classification for Adiparasakthi Nagar 2nd Street is Residential Special Type - I.

Which office handles registrations for properties in this area?

The Sriperumpudur Sub Registrar Office handles registrations for properties in Adiparasakthi Nagar 2nd Street. The office is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is stamp duty calculated for properties in Kaduvancheri?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. For example, for a property valued at Rs 3,00,000, the stamp duty would be Rs 21,000 at a rate of 7%.