Guideline Value for Aditra Garder Phase - II

Aditra Garder Phase - II guideline value

The current guideline value of Aditra Garder Phase - II 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 Garder Phase - II has changed

The guideline value for Aditra Garder Phase - II has undergone several revisions over the years. In 2012, the guideline value was set at Rs 1,400 per sq.ft. This figure remained unchanged until the 2017 revision, which saw a decrease to Rs 938 per sq.ft. However, the value increased significantly to Rs 1,400 per sq.ft in 2023, marking a 49% rise since 2017. The latest revision in 2024 has further increased the value to Rs 1,540 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has seen a modest increase of 10%.

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 is Rs 1,540 per sq.ft, which is equal to the guideline value for Aditra Garder Phase - II.

• Aditra Garden Phase - I: 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 Garder Phase - II

For a 1,000 sq.ft plot at the current rate of Rs 1,540 per sq.ft, the guideline value amounts to Rs 15,40,000. The stamp duty at 7% would be Rs 1,07,800, while the registration fee at 2% would be Rs 30,800, totaling Rs 1,38,600. It is important to note that 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 details.

Which Sub Registrar Office covers Aditra Garder Phase - II?

The Aditra Garder Phase - II falls under the jurisdiction of the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

To find your SRO, visit find your SRO.

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

The guideline value is a crucial component in property transactions in Cheranancheri. It serves as the basis for calculating the stamp duty and registration fees, ensuring that both buyers and sellers are aware of the official value assigned to the property.

When you register a property, the guideline value helps determine the financial obligations involved in the transaction. This ensures that the appropriate taxes are paid, maintaining transparency and compliance with local regulations.

Frequently asked questions

What is the current guideline value of Aditra Garder Phase - II?

The current guideline value of Aditra Garder Phase - II is Rs 1,540 per sq.ft, effective from 1 July 2024.

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 increased to Rs 1,400 per sq.ft in 2023, and finally to Rs 1,540 per sq.ft in 2024.

What is the registration office for Aditra Garder Phase - II?

The registration office for Aditra Garder Phase - II is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

How is stamp duty calculated for properties in Aditra Garder Phase - II?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 1,07,800.

What is the land classification for Aditra Garder Phase - II?

Aditra Garder Phase - II is classified as Residential Special Type - I, which influences its guideline value and potential uses.