Guideline Value for Adithya Nagar 3rd Cross Street

Adithya Nagar 3rd Cross Street guideline value

The current guideline value of Adithya Nagar 3rd 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, and is classified as Commercial Class I Type - II.

How the guideline value of Adithya Nagar 3rd Cross Street has changed

The guideline value for Adithya Nagar 3rd Cross Street has undergone several revisions over the years. The earliest available figure is from 2012, which was Rs 2,200 per sq.ft. This was followed by a decrease to Rs 1,474 per sq.ft in 2017. The 2023 revision increased the value to Rs 2,200 per sq.ft, and the most recent revision in 2024 set it at Rs 2,400 per sq.ft. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

From 2017 to 2023, the guideline value increased by 49%. The change from 2023 to 2024 reflects a 9% increase. Overall, from 2012 to 2024, there has been a net increase of 9% in the guideline value for this street.

Guideline values in Madambakkam

In Madambakkam, there are 1,151 streets under the Selaiyur SRO that have a 2024 guideline value ranging from Rs 1,100 to Rs 6,000 per sq.ft, with a median value of Rs 2,400 per sq.ft. The guideline value for Adithya Nagar 3rd Cross Street is equal to this median.

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

Stamp duty and registration fee for property in Adithya Nagar 3rd 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, bringing the total fees together to Rs 2,16,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Adithya Nagar 3rd Cross Street?

The Sub Registrar Office that covers Adithya Nagar 3rd 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, within 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 plays a crucial role in the registration process of property transactions in Madambakkam. When a property is bought or sold, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that these costs are based on a standardized valuation set by the government.

It is essential for buyers and sellers to be aware of the guideline value as it directly impacts the financial aspects of property transactions. This value is regularly updated to reflect changes in the real estate market, ensuring that it remains relevant and accurate for all parties involved.

Frequently asked questions

What is the current guideline value of Adithya Nagar 3rd Cross Street?

The current guideline value of Adithya Nagar 3rd 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 changed from Rs 2,200 per sq.ft in 2012 to Rs 1,474 per sq.ft in 2017, then back to Rs 2,200 per sq.ft in 2023, and finally to Rs 2,400 per sq.ft in 2024.

What is the land classification of Adithya Nagar 3rd Cross Street?

The land classification of Adithya Nagar 3rd Cross Street is Commercial Class I Type - II.

What are the stamp duty and registration fees for property in this area?

The stamp duty is calculated at 7% of the guideline value, while the registration fee is 2%. For a 1,000 sq.ft plot, the total stamp duty and registration fees would amount to Rs 2,16,000.

Which Sub Registrar Office covers this street?

The Selaiyur Sub Registrar Office covers Adithya Nagar 3rd Cross Street, located at No.36, Bharathmatha Salai, East Tambaram, Chennai - 600 073.