Guideline Value for Adithya Nagar

Adithya Nagar guideline value

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

How the guideline value of Adithya Nagar has changed

The guideline value of Adithya Nagar has seen several revisions over the years. In 2012, the guideline value was Rs 2,200 per sq.ft, which then decreased to Rs 1,474 per sq.ft in 2017. Following this, the value rose significantly to Rs 2,200 per sq.ft in 2023. The most recent revision in 2024 has set the guideline value at Rs 2,400 per sq.ft, marking a 9% increase from the previous year.

From 2012 to 2024, the overall change in the guideline value is an increase of 9%. The transition from 2017 to 2023 saw a substantial rise of 49%. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Madambakkam

In Madambakkam, there are 1,151 streets under the Selaiyur SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 6,000 per sq.ft. The median guideline value for the village is Rs 2,400 per sq.ft, which is the same as the current value for Adithya Nagar.

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

Stamp duty and registration fee for property in Adithya Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,400 per sq.ft, the total guideline 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 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.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Adithya Nagar?

The Sub Registrar Office that covers Adithya Nagar 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.

When buying or selling property, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures transparency and fairness in property transactions.

Frequently asked questions

What is the current guideline value of Adithya Nagar?

The current guideline value of Adithya Nagar 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 increased 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 for Adithya Nagar?

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

How is the stamp duty calculated for property in Adithya Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot, the stamp duty would be Rs 1,68,000 if the guideline value is Rs 24,00,000.

Which office handles property registrations in Adithya Nagar?

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