Guideline Value for Adiparasakthi Nagar

Adiparasakthi Nagar guideline value

The current guideline value of Adiparasakthi Nagar is Rs 402 per sq.ft, effective from 1 July 2024. This area is located in Ponthoor village under the Sriperumpudur SRO, classified as Residential Special Type - III.

How the guideline value of Adiparasakthi Nagar has changed

The guideline value of Adiparasakthi Nagar has seen several revisions over the years. In 2007, the value was Rs 165 per sq.ft, which increased to Rs 400 per sq.ft in 2012. However, it decreased to Rs 268 per sq.ft in 2017. The value remained stable at Rs 402 per sq.ft from 2017 through to the 2023 revision and continues at this rate for the 2024 revision.

From 2017 to 2023, the guideline value increased by 50%. The 2023 to 2024 revision shows no change, with a percentage increase of 0%. Overall, from 2007 to 2024, the guideline value has increased by 144%.

Guideline values in Ponthoor

Ponthoor village has a total of 79 streets under the Sriperumpudur SRO, with guideline values ranging from Rs 200 to Rs 2,239 per sq.ft. The median guideline value for the village is Rs 300 per sq.ft, placing Adiparasakthi Nagar's 2024 figure above this median.

• Ambal Poo Street: Rs 300 per sq.ft (2024)
• Anichampoo Street: Rs 300 per sq.ft (2024)
• Anna nagar: Rs 402 per sq.ft (2024)
• Arket Poo Street: Rs 300 per sq.ft (2024)
• Avaram Poo Street: Rs 300 per sq.ft (2024)
• Bangalore National Highway: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Adiparasakthi Nagar

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 4,02,000. The stamp duty at 7% amounts to Rs 28,140, while the registration fee at 2% is Rs 8,040, totaling Rs 36,180. 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 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 Ponthoor

The guideline value is a crucial factor in property transactions in Ponthoor. It serves as a benchmark for calculating stamp duty and registration fees when buying or selling property. Buyers and sellers should be aware that the guideline value can influence the overall costs associated with property registration.

When a property is registered, the guideline value is assessed to determine the applicable fees. This ensures that the transaction is recorded accurately and complies with local regulations.

Frequently asked questions

What is the current guideline value of Adiparasakthi Nagar?

The current guideline value of Adiparasakthi Nagar is Rs 402 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 165 per sq.ft in 2007 to Rs 402 per sq.ft in 2024, reflecting an overall increase of 144% over this period.

What is the land classification of Adiparasakthi Nagar?

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

What are the stamp duty rates applicable in Adiparasakthi Nagar?

The stamp duty rate is 7% of the guideline value, while the registration fee is 2%. These rates apply to the higher of the guideline value or the sale price.

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

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