Guideline Value for Adthavan nagar

Adthavan nagar guideline value

The current guideline value of Adthavan nagar is Rs 1,100 per sq.ft, effective from 1 July 2024. This area is located in Thirumazhisai village, which falls under the Poonamallee SRO. The land classification for this street is Residential Special Type - I.

How the guideline value of Adthavan nagar has changed

The guideline value for Adthavan nagar has seen several revisions over the years. The earliest recorded figure is from 2002, which was Rs 74 per sq.ft. This increased to Rs 89 per sq.ft in 2003, marking a 20% rise. The value then saw a significant increase to Rs 150 per sq.ft in 2007, which was a 69% change. Following that, the 2012 revision set the value at Rs 1,000 per sq.ft, reflecting a substantial increase of 567%. However, in 2017, the value dropped to Rs 670 per sq.ft, a decrease of 33%. The guideline value then rose again to Rs 1,000 per sq.ft in 2023, before reaching the current rate of Rs 1,100 per sq.ft in 2024, a 10% increase.

Overall, from 2002 to 2024, the guideline value has increased by 1386%. There are no figures available for the revisions in the years not listed for this street.

Guideline values in Thirumazhisai

In Thirumazhisai village, there are 86 streets under the Poonamallee SRO that carry a 2024 guideline value ranging from Rs 730 to Rs 3,500 per sq.ft. The median value for these streets is Rs 1,320 per sq.ft, which means that the guideline value for Adthavan nagar is below this median.

• Anbu nagar 106,109,110,111,126,137: Rs 1,100 per sq.ft (2024)
• Arivolinagar: Rs 1,100 per sq.ft (2024)
• A.S.R City: Rs 1,320 per sq.ft (2024)
• A.S.R In Papa City: Rs 1,320 per sq.ft (2024)
• Athukkal street: Rs 1,100 per sq.ft (2024)
• Balajinagar 100/1,100/2A: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Adthavan nagar

For a 1,000 sq.ft plot at the current rate of Rs 1,100 per sq.ft, the guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. It is important to note that the 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 further calculations.

Which Sub Registrar Office covers Adthavan nagar?

The Sub Registrar Office that covers Adthavan nagar is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056. You can find your SRO for more information.

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

The guideline value is an important factor when buying or selling property in Thirumazhisai. It is used to determine the stamp duty and registration fees that need to be paid during the transaction. Buyers and sellers should be aware of the current guideline value to ensure compliance with local regulations.

When registering a property, the guideline value serves as a benchmark for assessing the transaction value. It is essential for both parties to understand this value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Adthavan nagar?

The current guideline value of Adthavan nagar is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 74 per sq.ft in 2002 to Rs 1,100 per sq.ft in 2024, reflecting an overall increase of 1386% over the years.

What is the land classification for Adthavan nagar?

The land classification for Adthavan nagar is Residential Special Type - I.

Where can I find the Poonamallee Sub Registrar Office?

The Poonamallee Sub Registrar Office is located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056.

How is the stamp duty calculated for properties in Adthavan nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a plot of 1,000 sq.ft at Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000, resulting in stamp duty and registration fees totaling Rs 99,000.