Guideline Value for Adivaram Street

Adivaram Street guideline value

The current guideline value of Adivaram Street is Rs 1,205 per sq.ft, effective from 1 July 2024. This street is located in Thirukalukundrem A village, under the Thirukazhukundram SRO, and is classified as Mixed Type - I land.

How the guideline value of Adivaram Street has changed

In the 2017 revision, the guideline value for Adivaram Street was Rs 804 per sq.ft. This figure increased to Rs 1,200 per sq.ft in the 2023 revision, marking a significant rise of 49%. The latest revision in 2024 shows a slight increase to Rs 1,205 per sq.ft, which is a change of 0% from the previous year. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 50%. This reflects the changes in the property values over the years, highlighting the upward trend in the guideline value for Adivaram Street.

Guideline values in Thirukalukundrem A

In Thirukalukundrem A, there are 149 streets under the Thirukazhukundram SRO that carry a 2024 guideline value ranging from Rs 300 to Rs 1,344 per sq.ft. The median value for these streets is Rs 600 per sq.ft, placing Adivaram Street's 2024 figure above this median.

• Akraharam Street: Rs 1,005 per sq.ft (2024)
• Ammanivasam Thottam: Rs 600 per sq.ft (2024)
• Anna Nagar: Rs 600 per sq.ft (2024)
• Asiriyar Nagar 10th Cross Street: Rs 400 per sq.ft (2024)
• Asiriyar Nagar 11th Cross Street: Rs 400 per sq.ft (2024)
• Asiriyar Nagar 12th Cross Street: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Adivaram Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,205 per sq.ft, the total guideline value would be Rs 12,05,000. The stamp duty, charged at 7%, would amount to Rs 84,350, while the registration fee at 2% would be Rs 24,100, bringing the total fees together to Rs 1,08,450. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for precise calculations.

Which Sub Registrar Office covers Adivaram Street?

Adivaram Street falls under the jurisdiction of the Thirukazhukundram Sub Registrar Office, located at Thiruchengode - 637 211, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a critical factor in the registration process when buying or selling property in Thirukalukundrem A. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency in property transactions.

When a property is sold, the guideline value helps in calculating the applicable stamp duty and registration fees. Buyers and sellers should be aware that these fees are based on the higher of the guideline value and the sale price, which can significantly impact the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Adivaram Street?

The current guideline value of Adivaram Street is Rs 1,205 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 804 per sq.ft to Rs 1,205 per sq.ft in 2024, reflecting a 50% increase overall.

What is the median guideline value in Thirukalukundrem A?

The median guideline value for the 149 streets in Thirukalukundrem A is Rs 600 per sq.ft, with Adivaram Street's value being above this median.

What are the stamp duty and registration fees for Adivaram Street?

For a 1,000 sq.ft plot, the stamp duty would be Rs 84,350 and the registration fee would be Rs 24,100, totaling Rs 1,08,450 based on the current guideline value.

Which office handles the registration for Adivaram Street?

The Thirukazhukundram Sub Registrar Office handles the registration for Adivaram Street, located at Thiruchengode - 637 211, Chengalpattu registration zone.