Guideline Value for Adisan Colony

Adisan Colony guideline value

The current guideline value of Adisan Colony, located in Saligramam village under the Virugambakkam SRO, is Rs 4,400 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Class II Type - I land classification.

How the guideline value of Adisan Colony has changed

The guideline value for Adisan Colony has seen significant changes over the years. In 2002, the register recorded a value of Rs 374 per sq.ft. This figure increased to Rs 409 per sq.ft in 2003, marking a rise of 9%. The value then surged to Rs 1,100 per sq.ft in 2007, reflecting a substantial increase of 169%. Following this, the value jumped dramatically to Rs 4,000 per sq.ft in 2012, which was a remarkable increase of 264%. However, it decreased to Rs 2,680 per sq.ft in 2017, a drop of 33%. The value rose again to Rs 4,000 per sq.ft in 2023, and finally, it reached the current rate of Rs 4,400 per sq.ft in 2024, representing a 10% increase.

Overall, from 2002 to 2024, the guideline value has increased by 1,076%. Notably, there are no figures available for the revisions in years other than those mentioned above.

Guideline values in Saligramam

In Saligramam, there are 333 streets under the Virugambakkam SRO that carry a 2024 guideline value ranging from Rs 2,750 to Rs 13,200 per sq.ft. The median value is Rs 4,400 per sq.ft, which is equal to the current guideline value for Adisan Colony.

• Adimoola Perumal Street (Adikesavaperumal Koil Street): Rs 4,400 per sq.ft (2024)
• Abusali Road: Rs 7,150 per sq.ft (2024)
• Ambethkar Colony (Gunamanam Colony): Rs 3,300 per sq.ft (2024)
• Ambethkar Street: Rs 3,300 per sq.ft (2024)
• Ameethiya Thottam 1st Street: Rs 3,300 per sq.ft (2024)
• Ameethiya Thottam 2nd Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Adisan Colony

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value amounts to Rs 44,00,000. The stamp duty, charged at 7%, would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total cost for these fees to Rs 3,96,000. It is important to note that 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 Adisan Colony?

The Sub Registrar Office that covers Adisan Colony is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. You can find your SRO for more details.

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

The guideline value is a crucial factor during the registration process when buying or selling property in Saligramam. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Adisan Colony?

The current guideline value of Adisan Colony is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 374 per sq.ft in 2002 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of 1,076% over this period.

What is the land classification of Adisan Colony?

Adisan Colony falls under the Residential Class II Type - I land classification, indicating its suitability for residential development.

What are the stamp duty and registration fees for a property in Adisan Colony?

For a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000, and the registration fee would be Rs 88,000, totaling Rs 3,96,000 for these fees.

Where is the Sub Registrar Office for Adisan Colony located?

The Virugambakkam Sub Registrar Office is located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037, which covers Adisan Colony.