Guideline Value for Adithya Nagar Cross Street

Adithya Nagar Cross Street guideline value

The current guideline value for Adithya Nagar Cross Street in Madambakkam village, under the Selaiyur SRO, is Rs 2,400 per sq.ft. This value is effective from 1 July 2024. The land classification for this area is Commercial Class I Type - II.

How the guideline value of Adithya Nagar Cross Street has changed

The guideline value for Adithya Nagar Cross Street has seen several changes over the years. The 2012 revision recorded a value of Rs 2,200 per sq.ft, which then decreased to Rs 1,474 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 2,200 per sq.ft in 2023, and currently stands at Rs 2,400 per sq.ft from the 2024 revision, marking a 9% increase from the previous year.

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

Guideline values in Madambakkam

In Madambakkam, there are 1,151 streets under the Selaiyur SRO, with the 2024 guideline values 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 current value of Adithya Nagar Cross Street.

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

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

For a 1,000 sq.ft plot at the current guideline value of Rs 2,400 per sq.ft, the total value would be Rs 24,00,000. The stamp duty at 7% would amount to Rs 1,68,000, and the registration fee at 2% would be Rs 48,000, making the total cost for these fees Rs 2,16,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Adithya Nagar Cross Street?

The Sub Registrar Office that covers Adithya Nagar 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 during the registration of property transactions in Madambakkam. 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 helps both parties understand the official valuation of the property. It is essential for buyers to be aware of this value to ensure compliance with legal requirements during the registration process.

Frequently asked questions

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

The current guideline value of Adithya Nagar 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 to Rs 2,200 per sq.ft in 2023, and currently stands at Rs 2,400 per sq.ft in 2024.

What is the land classification of Adithya Nagar Cross Street?

The land classification for Adithya Nagar Cross Street is Commercial Class I Type - II.

What are the stamp duty and registration fees for property transactions?

The stamp duty is charged at 7% of the guideline value, while the registration fee is 2%. For example, for a 1,000 sq.ft plot valued at Rs 24,00,000, the total stamp duty and registration fees would be Rs 2,16,000.

Which office handles registrations for Adithya Nagar Cross Street?

The Selaiyur Sub Registrar Office handles registrations for Adithya Nagar Cross Street, located at No.36, Bharathmatha Salai, East Tambaram, Chennai - 600 073.