Guideline Value for Aditra Garden Phase - I

Aditra Garden Phase - I guideline value

The current guideline value of Aditra Garden Phase - I is Rs 1,540 per sq.ft. This property is located in Cheranancheri village under the Avadi SRO, classified as Residential Special Type - I.

How the guideline value of Aditra Garden Phase - I has changed

The guideline value for Aditra Garden Phase - I has seen several revisions over the years. The 2012 revision set the guideline value at Rs 1,400 per sq.ft, which was later reduced to Rs 938 per sq.ft in the 2017 revision. However, this value increased significantly to Rs 1,400 per sq.ft in the 2023 revision, and the most recent 2024 revision has established the current guideline value at Rs 1,540 per sq.ft, marking a 10% increase from the previous year.

From the 2017 revision to the 2023 revision, the guideline value increased by 49%. Overall, comparing the 2012 revision to the 2024 revision, there has been a 10% increase. It is important to note that the register has no figures for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Cheranancheri

Cheranancheri village has 31 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 274 to Rs 3,000 per sq.ft. The median value across these streets is Rs 1,540 per sq.ft, making the current guideline value of Aditra Garden Phase - I equal to this median.

• Aditra Garder Phase - II: Rs 1,540 per sq.ft (2024)
• Annai Indira Gandhi Nagar: Rs 580 per sq.ft (2024)
• Annai Indira Nagar: Rs 274 per sq.ft (2024)
• Bajanai Koil Street: Rs 530 per sq.ft (2024)
• Chokkalingam Amsaveni Nagar: Rs 274 per sq.ft (2024)
• Coral Crest By Urban Tree: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Aditra Garden Phase - I

For a 1,000 sq.ft plot at the current guideline value of Rs 1,540 per sq.ft, the total guideline value would be Rs 15,40,000. The stamp duty at 7% would amount to Rs 1,07,800, and the registration fee at 2% would be Rs 30,800, bringing the total to Rs 1,38,600. 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 Aditra Garden Phase - I?

The Aditra Garden Phase - I is covered by the Avadi Sub Registrar Office located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Cheranancheri. It is used to determine the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When a property is registered, the guideline value is considered to ensure that the transaction is in line with the prevailing rates in the locality. This helps to maintain transparency and fairness in property dealings.

Frequently asked questions

What is the current guideline value of Aditra Garden Phase - I?

The current guideline value of Aditra Garden Phase - I is Rs 1,540 per sq.ft as per the 2024 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,400 per sq.ft in 2012 to Rs 938 per sq.ft in 2017, then back to Rs 1,400 per sq.ft in 2023, and finally to Rs 1,540 per sq.ft in 2024.

What are the other streets in Cheranancheri with their guideline values?

Other streets in Cheranancheri include Aditra Garder Phase - II at Rs 1,540 per sq.ft, Annai Indira Gandhi Nagar at Rs 580 per sq.ft, and Annai Indira Nagar at Rs 274 per sq.ft, among others.

Where is the Avadi Sub Registrar Office located?

The Avadi Sub Registrar Office is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

How is the stamp duty calculated for properties in Aditra Garden Phase - I?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For a property valued at Rs 15,40,000, the stamp duty would be Rs 1,07,800.