Guideline Value for Adiparasakthi Nagar 3rd Street

Adiparasakthi Nagar 3rd Street guideline value

The current guideline value of Adiparasakthi Nagar 3rd Street is Rs 300 per sq.ft, effective from 1 July 2024. 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 3rd Street has changed

The guideline value for Adiparasakthi Nagar 3rd Street has seen several revisions over the years. In the 2012 revision, the value was Rs 300 per sq.ft. This remained unchanged in the 2017 revision, where the value was Rs 201 per sq.ft, marking a decrease of 33%. However, from 2017 to the 2023 revision, the value increased significantly by 49%, bringing it back to Rs 300 per sq.ft. The 2023 revision maintained this value, and the same rate will apply in the upcoming 2024 revision.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has not changed, remaining at Rs 300 per sq.ft.

Guideline values in Kaduvancheri

Kaduvancheri village has a total of 37 streets under the Sriperumpudur SRO that carry a 2024 guideline value. The values range from Rs 100 to Rs 1,500 per sq.ft, with the median being Rs 300 per sq.ft. Adiparasakthi Nagar 3rd Street's 2024 figure aligns with this median.

• Adiparasakthi Nagar 2nd Street: Rs 300 per sq.ft (2024)
• Adiparasakthi Nagar Kulakkarai Street: Rs 300 per sq.ft (2024)
• Adiparasakthi Nagar 1st 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 3rd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total 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, making the total cost for these fees Rs 27,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Adiparasakthi Nagar 3rd Street?

The Sub Registrar Office that covers Adiparasakthi Nagar 3rd 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 is an essential factor when buying or selling property in Kaduvancheri. It serves as a benchmark for determining the minimum value of a property, which is used to calculate stamp duty and registration fees during the transaction process.

When registering a property, the guideline value helps ensure that the transaction reflects a fair valuation for tax purposes. Buyers and sellers should be aware of the current guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Adiparasakthi Nagar 3rd Street?

The current guideline value of Adiparasakthi Nagar 3rd 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 and an increase of 49% from 2017 to 2023.

What are the stamp duty and registration fees for a property in this area?

For a property valued at Rs 3,00,000, the stamp duty would be Rs 21,000 and the registration fee would be Rs 6,000, totaling Rs 27,000.

Which office handles the registration for Adiparasakthi Nagar 3rd Street?

The Sriperumpudur Sub Registrar Office handles the registration for Adiparasakthi Nagar 3rd Street, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

What is the land classification for Adiparasakthi Nagar 3rd Street?

The land classification for Adiparasakthi Nagar 3rd Street is Residential Special Type - I, indicating its designated use for residential purposes.