Guideline Value for Adiparasakthi Nagar Pradhana Salai

Adiparasakthi Nagar Pradhana Salai guideline value

The current guideline value of Adiparasakthi Nagar Pradhana Salai 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 Pradhana Salai has changed

The guideline value for Adiparasakthi Nagar Pradhana Salai has experienced several revisions over the years. The 2012 revision set the value at Rs 300 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 201 per sq.ft. Following that, the 2023 revision brought it back to Rs 300 per sq.ft, and the 2024 revision maintained this rate, showing no change from the previous year.

In terms of percentage changes, the value increased by 49% from 2017 to 2023, while there was a decrease of 33% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has remained at Rs 300 per sq.ft, indicating stability in this period. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kaduvancheri

Kaduvancheri village has a total of 37 streets under the Sriperumpudur SRO, with guideline values ranging from Rs 100 to Rs 1,500 per sq.ft. The median value across these streets is Rs 300 per sq.ft, which is equal to the current guideline value of Adiparasakthi Nagar Pradhana Salai.

• Adiparasakthi Nagar Madha Koil Street: Rs 300 per sq.ft (2024)
• Adiparasakthi Nagar Kulakkarai Street: Rs 300 per sq.ft (2024)
• Adiparasakthi Nagar 3rd Street: Rs 300 per sq.ft (2024)
• Adiparasakthi Nagar 2nd Street: Rs 300 per sq.ft (2024)
• Adiparasakthi Nagar 1st Street: Rs 300 per sq.ft (2024)
• Alwin Nagar: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Adiparasakthi Nagar Pradhana Salai

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, 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 or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Adiparasakthi Nagar Pradhana Salai?

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

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

The guideline value plays a crucial role in property transactions within Kaduvancheri. It is used as a benchmark for calculating stamp duty and registration fees, which are mandatory when registering property transactions. Buyers and sellers must consider this value to ensure compliance with local regulations.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to determine the applicable duties and fees. This ensures that all transactions are fairly assessed and that the government receives the appropriate revenue from property sales.

Frequently asked questions

What is the current guideline value of Adiparasakthi Nagar Pradhana Salai?

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

How has the guideline value changed over the years?

Over the years, the guideline value has seen various revisions, with the most recent being Rs 300 per sq.ft in 2024, which is unchanged from 2023. The value decreased to Rs 201 per sq.ft in 2017 from Rs 300 per sq.ft in 2012.

What is the land classification for Adiparasakthi Nagar Pradhana Salai?

Adiparasakthi Nagar Pradhana Salai is classified as Residential Special Type - I, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Kaduvancheri?

The Sub Registrar Office for Kaduvancheri is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. This office handles all property registrations in the area.

How is the stamp duty calculated for properties in Kaduvancheri?

Stamp duty for properties in Kaduvancheri is calculated based on the guideline value or the sale price, whichever is higher. The current rate is 7% for stamp duty and 2% for the registration fee.