Guideline Value for Adisonpet Cheety Street

Adisonpet Cheety Street guideline value

The current guideline value of Adisonpet Cheety Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in the 2nd Division village under the Kanchipuram Joint IV SRO, classified as Residential Special Type - II.

How the guideline value of Adisonpet Cheety Street has changed

The guideline value for Adisonpet Cheety Street has undergone several revisions over the years. The 2012 revision set the value at Rs 3,000 per sq.ft, which was then reduced to Rs 2,010 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 3,000 per sq.ft in the 2023 revision, and further rose to Rs 3,300 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

In summary, from 2012 to 2024, the overall change in guideline value is a 10% increase. Notably, there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in 2nd Division

In the 2nd Division village, there are 101 streets under the Kanchipuram Joint IV SRO that carry a 2024 guideline value ranging from Rs 800 to Rs 11,000 per sq.ft. The median value is Rs 1,650 per sq.ft, placing Adisonpet Cheety Street's 2024 figure above this median.

• Adisonpet Gandhi Road: Rs 11,000 per sq.ft (2024)
• Aanandapet Street: Rs 1,650 per sq.ft (2024)
• Aladipillaiyar Koil Street: Rs 4,400 per sq.ft (2024)
• Aladi Pillaiyar Koil Street part (include Desigar Koil Street): Rs 4,400 per sq.ft (2024)
• Aladi Pillaiyar Koil Thoppu Street: Rs 880 per sq.ft (2024)
• Ambethkar Kalani: Rs 880 per sq.ft (2024)

Stamp duty and registration fee for property in Adisonpet Cheety Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty, charged at 7%, would be Rs 2,31,000, while the registration fee at 2% would be Rs 66,000, bringing the total to Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Adisonpet Cheety Street?

The Sub Registrar Office covering Adisonpet Cheety Street is the Kanchipuram Joint IV Sub Registrar Office, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone.

You can find your SRO for more details.

How the guideline value is used when you buy or sell in 2nd Division

The guideline value is a crucial factor when it comes to the registration of property transactions in the 2nd Division. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is conducted at a price that reflects the established guideline.

When a buyer or seller engages in a property transaction, the guideline value helps in calculating the applicable stamp duty and registration fees. This ensures that both parties are aware of the financial implications of the transaction based on the established guideline value.

Frequently asked questions

What is the current guideline value of Adisonpet Cheety Street?

The current guideline value of Adisonpet Cheety Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,000 per sq.ft in 2023 to Rs 3,300 per sq.ft in 2024, marking a 10% increase. It was Rs 2,010 per sq.ft in 2017 and Rs 3,000 per sq.ft in 2012.

What is the land classification for Adisonpet Cheety Street?

Adisonpet Cheety Street is classified as Residential Special Type - II. This classification indicates the type of development permitted in the area.

What are the stamp duty rates applicable for property transactions?

The stamp duty for property transactions in Adisonpet Cheety Street is charged at 7% of the guideline value or the sale price, whichever is higher. The registration fee is charged at 2% of the guideline value.

Where can I find the Sub Registrar Office for Adisonpet Cheety Street?

The Sub Registrar Office for Adisonpet Cheety Street is the Kanchipuram Joint IV Sub Registrar Office, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone.