Guideline Value for Adisonpet Gandhi Road

Adisonpet Gandhi Road guideline value

The current guideline value of Adisonpet Gandhi Road is Rs 11,000 per sq.ft, effective from 1 July 2024. This road is located in the 2nd Division village under the Kanchipuram Joint IV SRO and is classified as Commercial Class I Type - I.

How the guideline value of Adisonpet Gandhi Road has changed

The guideline value for Adisonpet Gandhi Road has undergone several revisions over the years. The 2012 revision set the value at Rs 10,000 per sq.ft, which was then decreased to Rs 6,700 per sq.ft in the 2017 revision. Following this, the 2023 revision brought the value back up to Rs 10,000 per sq.ft, and the most recent revision in 2024 increased it further to Rs 11,000 per sq.ft, marking a 10% rise from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. The changes between revisions include a significant increase of 49% from 2017 to 2023 and a decrease of 33% from 2012 to 2017. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in 2nd Division

In the 2nd Division under the Kanchipuram Joint IV SRO, there are 101 streets with a 2024 guideline value ranging from Rs 800 to Rs 11,000 per sq.ft. The median value for these streets is Rs 1,650 per sq.ft, placing Adisonpet Gandhi Road's 2024 value significantly above this median.

• Adisonpet Cheety Street: Rs 3,300 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 Gandhi Road

For a 1,000 sq.ft plot at the current rate of Rs 11,000 per sq.ft, the guideline value would be Rs 1,10,00,000. The stamp duty at 7% would amount to Rs 7,70,000, and the registration fee at 2% would be Rs 2,20,000, leading to a total of Rs 9,90,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Adisonpet Gandhi Road?

The Sub Registrar Office that covers Adisonpet Gandhi Road 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 information.

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

The guideline value is a critical factor in the registration of property transactions in the 2nd Division. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value is compared to the sale price. The higher of the two values is used to calculate stamp duty and registration fees, which are mandatory for the legal transfer of property ownership.

Frequently asked questions

What is the current guideline value of Adisonpet Gandhi Road?

The current guideline value of Adisonpet Gandhi Road is Rs 11,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 10,000 per sq.ft in 2012 to Rs 6,700 per sq.ft in 2017, then back to Rs 10,000 per sq.ft in 2023, and finally to Rs 11,000 per sq.ft in 2024.

What is the land classification of Adisonpet Gandhi Road?

Adisonpet Gandhi Road is classified as Commercial Class I Type - I, indicating its suitability for commercial activities.

Where can I find the Sub Registrar Office for Adisonpet Gandhi Road?

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

How is stamp duty calculated on properties in Adisonpet Gandhi Road?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 1,10,00,000, the stamp duty would be Rs 7,70,000 at 7%.