Guideline Value for Adivasi Nagar Main Road

Adivasi Nagar Main Road guideline value

The current guideline value of Adivasi Nagar Main Road is Rs 2,350 per sq.ft, effective from 1 July 2024. This street is located in Anakaputhur village, under the Pammal SRO, and is classified as Residential Class III Type - I.

How the guideline value of Adivasi Nagar Main Road has changed

The guideline value for Adivasi Nagar Main Road has seen several revisions over the years. The 2017 revision set the value at Rs 1,407 per sq.ft. This was followed by a significant increase in the 2023 revision, where the value rose to Rs 2,099 per sq.ft, marking a 49% increase from the previous revision. The most recent 2024 revision further increased the guideline value to Rs 2,350 per sq.ft, reflecting a 12% rise from the 2023 figure.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 67%. It is important to note that the register has no figures for the revisions in the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Anakaputhur

In Anakaputhur, there are 501 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 1,320 to Rs 4,640 per sq.ft. The median guideline value in this village is Rs 1,980 per sq.ft, and Adivasi Nagar Main Road's 2024 figure of Rs 2,350 per sq.ft is above this median.

• Adhivasikal Nagar: Rs 2,350 per sq.ft (2024)
• Agatheeswarar Nagar: Rs 1,760 per sq.ft (2024)
• Agatheeswarar Street / MGR Nagar: Rs 1,760 per sq.ft (2024)
• Agatheeswarar Street/ Venkateswara Nagar: Rs 1,980 per sq.ft (2024)
• Adajniamman Koil Street: Rs 1,760 per sq.ft (2024)
• Aannal Gandhi Nagar: Rs 2,350 per sq.ft (2024)

Stamp duty and registration fee for property in Adivasi Nagar Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 2,350 per sq.ft, the total guideline value would be Rs 23,50,000. The stamp duty, charged at 7%, would amount to Rs 1,64,500, while the registration fee at 2% would be Rs 47,000. Together, the total cost for these fees would be Rs 2,11,500. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Adivasi Nagar Main Road?

The Adivasi Nagar Main Road is covered by the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, 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 Anakaputhur

The guideline value plays a crucial role in property transactions in Anakaputhur. It is the minimum value set by the government for the purpose of registration and taxation. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees that need to be paid.

When a property is registered, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Adivasi Nagar Main Road?

The current guideline value of Adivasi Nagar Main Road is Rs 2,350 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased from Rs 1,407 per sq.ft in 2017 to Rs 2,350 per sq.ft in 2024, marking an overall increase of 67% during this period.

What is the land classification for Adivasi Nagar Main Road?

Adivasi Nagar Main Road is classified as Residential Class III Type - I, which indicates its suitability for residential development.

Where can I find the Pammal Sub Registrar Office?

The Pammal Sub Registrar Office is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone.

How is the stamp duty calculated for properties in Adivasi Nagar Main Road?

The stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property with a guideline value of Rs 23,50,000, the stamp duty at 7% would be Rs 1,64,500.