Guideline Value for Adiparasakthi Nagar

Adiparasakthi Nagar guideline value

The current guideline value of Adiparasakthi Nagar, located in Nandhivaram village under the Gooduvancheri SRO, is Rs 1,500 per sq.ft, effective from 1 July 2024. This area is classified as Residential Special Type - I.

How the guideline value of Adiparasakthi Nagar has changed

The guideline value for Adiparasakthi Nagar has undergone several revisions over the years. Starting from the 2002 revision, the guideline value was Rs 70 per sq.ft. This increased significantly to Rs 601 per sq.ft in 2007, marking a rise of 759%. The value then jumped to Rs 1,500 per sq.ft in 2012, a substantial increase of 150%. However, in the 2017 revision, it decreased to Rs 1,005 per sq.ft, reflecting a decline of 33%. The value remained at Rs 1,500 per sq.ft in both the 2023 and 2024 revisions, indicating no change between these two years.

Overall, from the 2002 revision to the 2024 revision, the guideline value has increased by 2043%. It is important to note that there is no figure available for the year 2003 for this street.

Guideline values in Nandhivaram

In Nandhivaram, there are 169 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 3,500 per sq.ft, with a median value of Rs 1,500 per sq.ft. The guideline value for Adiparasakthi Nagar is equal to this median.

• Abhay Avenue: Rs 1,000 per sq.ft (2024)
• Akshaya Homes: Rs 3,500 per sq.ft (2024)
• A.L.S. Avenue: Rs 1,000 per sq.ft (2024)
• A.L.S. Avenue Extn: Rs 1,000 per sq.ft (2024)
• Ambal Nagar: Rs 1,500 per sq.ft (2024)
• Ambedkar Nagar: Rs 1,500 per sq.ft (2024)

Stamp duty and registration fee for property in Adiparasakthi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,500 per sq.ft, the total guideline value would be Rs 15,00,000. The stamp duty, charged at 7%, would amount to Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, bringing the total fees to Rs 1,35,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Adiparasakthi Nagar?

The Sub Registrar Office that covers Adiparasakthi Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nandhivaram, Guduvanchery-603202, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor during the registration of property transactions in Nandhivaram. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When a property is registered, the guideline value is used to calculate the applicable fees, ensuring that the transaction is documented accurately according to the prevailing rates. This helps maintain transparency and consistency in property dealings within the region.

Frequently asked questions

What is the current guideline value of Adiparasakthi Nagar?

The current guideline value of Adiparasakthi Nagar is Rs 1,500 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 significant changes, increasing from Rs 70 per sq.ft in 2002 to Rs 1,500 per sq.ft in 2012, then decreasing to Rs 1,005 per sq.ft in 2017, and remaining at Rs 1,500 per sq.ft in 2023 and 2024.

What is the land classification of Adiparasakthi Nagar?

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

What are the stamp duty and registration fees for property in Adiparasakthi Nagar?

The stamp duty is charged at 7% of the guideline value, and the registration fee is charged at 2%. For a property valued at Rs 15,00,000, the total fees would amount to Rs 1,35,000.

Which office handles property registration for Adiparasakthi Nagar?

The Gooduvancheri Sub Registrar Office handles property registration for Adiparasakthi Nagar, located at Defence Colony Road, near Veterinary Hospital, Nandhivaram, Guduvanchery-603202, Chengalpattu registration zone.