Guideline Value for Adivasi Colony @ Anna Salai

Adivasi Colony @ Anna Salai guideline value

The current guideline value of Adivasi Colony @ Anna Salai is Rs 2,200 per sq.ft, effective from 1 July 2024. This area is located in Kodungaiyur village under the Madhavaram SRO, and it falls under the Residential Class II Type - I land classification.

How the guideline value of Adivasi Colony @ Anna Salai has changed

The guideline value for Adivasi Colony has seen several revisions over the years. In the 2012 revision, the guideline value was Rs 2,000 per sq.ft. The most recent revision in 2024 has increased this to Rs 2,200 per sq.ft, marking a 10% increase from the 2012 figure.

For the years 2002, 2003, 2007, 2017, and 2023, the register has no figure for this street. The current guideline value of Rs 2,200 per sq.ft is the most updated figure available as of 2024.

Guideline values in Kodungaiyur

Kodungaiyur village has 1,318 streets under the Madhavaram SRO, with guideline values ranging from Rs 1,900 to Rs 4,000 per sq.ft. The median guideline value in this area is Rs 2,700 per sq.ft, placing Adivasi Colony's 2024 figure below that median.

• Adivasi Colony (South Avenue 1st Lane North Side): Rs 2,200 per sq.ft (2024)
• Adivasi Colony (South Avenue 2nd Lane North Side): Rs 2,200 per sq.ft (2024)
• Agasthiar Street (Susila Nagar): Rs 2,700 per sq.ft (2024)
• Adhipuri Jai Nagar: Rs 2,200 per sq.ft (2024)
• Abirami Avenue 9th Street: Rs 2,700 per sq.ft (2024)
• Abirami Avenue 8th Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Adivasi Colony @ Anna Salai

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total to Rs 1,98,000. It is important to note that 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 more details.

Which Sub Registrar Office covers Adivasi Colony @ Anna Salai?

The Adivasi Colony @ Anna Salai is covered by the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. To find your specific Sub Registrar Office, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration of property transactions in Kodungaiyur. It serves as the basis for calculating stamp duty and registration fees, which are mandatory when transferring property ownership.

When you buy or sell property, the guideline value is used to determine the applicable fees, ensuring that the transaction is recorded accurately within the legal framework. This helps maintain transparency and consistency in property transactions.

Frequently asked questions

What is the current guideline value of Adivasi Colony @ Anna Salai?

The current guideline value of Adivasi Colony @ Anna Salai is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 2,000 per sq.ft in 2012 to Rs 2,200 per sq.ft in 2024, marking a 10% increase. There are no figures available for the revisions in 2002, 2003, 2007, 2017, and 2023 for this street.

What is the median guideline value for streets in Kodungaiyur?

The median guideline value for streets in Kodungaiyur is Rs 2,700 per sq.ft. Adivasi Colony's current guideline value is below this median.

What are the stamp duty and registration fees for Adivasi Colony?

For a 1,000 sq.ft plot at the guideline value of Rs 22,00,000, the stamp duty would be Rs 1,54,000, and the registration fee would be Rs 44,000, totaling Rs 1,98,000.

Which office handles the registration for Adivasi Colony?

The Madhavaram Sub Registrar Office handles the registration for Adivasi Colony @ Anna Salai, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.