Guideline Value for Adithya Nagar 2nd Cross Street

Adithya Nagar 2nd Cross Street guideline value

The current guideline value of Adithya Nagar 2nd Cross Street is Rs 2,400 per sq.ft, effective from 1 July 2024. This street is located in Madambakkam village, under the Selaiyur SRO, classified as Commercial Class I Type - II.

How the guideline value of Adithya Nagar 2nd Cross Street has changed

The guideline value for Adithya Nagar 2nd Cross Street has seen a few revisions over the years. The most recent revision in 2024 set the guideline value at Rs 2,400 per sq.ft, which is an increase of 9% from the 2023 revision of Rs 2,200 per sq.ft. The 2012 revision also recorded a guideline value of Rs 2,200 per sq.ft, indicating no change from 2012 to 2023.

There are no recorded figures for the years 2002, 2003, 2007, and 2017 for this street in the register. Overall, from 2012 to 2024, the guideline value has increased by 9%.

Guideline values in Madambakkam

In Madambakkam, there are 1,151 streets under the Selaiyur SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 6,000 per sq.ft. The median guideline value is Rs 2,400 per sq.ft, which is equal to the 2024 guideline value of Adithya Nagar 2nd Cross Street.

• Adithya Nagar 1st Street: Rs 2,400 per sq.ft (2024)
• Adithya Nagar 2nd Street: Rs 2,400 per sq.ft (2024)
• Adithya Nagar 1st Cross Street: Rs 2,400 per sq.ft (2024)
• Adithya Nagar 3rd Cross Street: Rs 2,400 per sq.ft (2024)
• Adithya Nagar 3rd Street: Rs 2,400 per sq.ft (2024)
• Adithya Nagar 4th Street: Rs 2,400 per sq.ft (2024)

Stamp duty and registration fee for property in Adithya Nagar 2nd Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,400 per sq.ft, the total guideline value amounts to Rs 24,00,000. The stamp duty at 7% would be Rs 1,68,000, and the registration fee at 2% would be Rs 48,000, totaling Rs 2,16,000. 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 Adithya Nagar 2nd Cross Street?

The Sub Registrar Office covering Adithya Nagar 2nd Cross Street is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Madambakkam. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that these costs are calculated based on the established guideline value or the sale price, whichever is higher.

When engaging in property transactions, it is essential to be aware of the current guideline value, as it directly impacts the financial obligations associated with the registration process. Buyers and sellers should consult the latest figures to ensure compliance with local regulations and to understand the costs involved.

Frequently asked questions

What is the current guideline value of Adithya Nagar 2nd Cross Street?

The current guideline value of Adithya Nagar 2nd Cross Street is Rs 2,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 2,200 per sq.ft from 2012 to 2023, and then increased to Rs 2,400 per sq.ft in 2024. Overall, there has been a 9% increase from 2012 to 2024.

What are the stamp duty and registration fees for property in Adithya Nagar 2nd Cross Street?

For a 1,000 sq.ft plot at the current guideline value, the total guideline value is Rs 24,00,000. The stamp duty would be Rs 1,68,000, and the registration fee would be Rs 48,000, totaling Rs 2,16,000.

Which Sub Registrar Office covers this area?

The Selaiyur Sub Registrar Office covers Adithya Nagar 2nd Cross Street, located at No.36, Bharathmatha Salai, East Tambaram, Chennai - 600 073.

What is the range of guideline values in Madambakkam?

The guideline values in Madambakkam range from Rs 1,100 to Rs 6,000 per sq.ft, with a median value of Rs 2,400 per sq.ft, which is the same as the guideline value for Adithya Nagar 2nd Cross Street.