Guideline Value for Adyar Bridge Main Road

Adyar Bridge Main Road guideline value

The current guideline value of Adyar Bridge Main Road is Rs 15,400 per sq.ft, effective from 1 July 2024. This road is located in Urur village, under the Adayar SRO, and is classified as Commercial Class I Type - I.

How the guideline value of Adyar Bridge Main Road has changed

The guideline value for Adyar Bridge Main Road has seen significant changes over the years. In the 2003 revision, the value was Rs 1,718 per sq.ft, which increased to Rs 8,000 per sq.ft in 2007. The 2012 revision saw a rise to Rs 14,000 per sq.ft, but this was followed by a decrease to Rs 9,380 per sq.ft in 2017. The 2023 revision set the value at Rs 14,000 per sq.ft, leading to a notable increase to Rs 15,400 per sq.ft in the 2024 revision, reflecting a 10% rise from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 796%. The register has no figure for this street in the 2002 revision.

Guideline values in Urur

In Urur village, there are 176 streets under the Adayar SRO carrying a 2024 guideline value, ranging from Rs 4,400 to Rs 15,400 per sq.ft. The median guideline value for these streets is Rs 6,600 per sq.ft, placing Adyar Bridge Main Road's 2024 figure above that median.

• Abaranji Avenue: Rs 5,500 per sq.ft (2024)
• Alcot Kuppam 1st Cross Street: Rs 4,400 per sq.ft (2024)
• Alcot Kuppam 2nd Cross Street: Rs 4,400 per sq.ft (2024)
• Alcot Kuppam 3rd Cross Street: Rs 4,400 per sq.ft (2024)
• Alcot Kuppam Housing Board: Rs 7,700 per sq.ft (2024)
• Alcot Kuppam Main Road: Rs 7,700 per sq.ft (2024)

Stamp duty and registration fee for property in Adyar Bridge Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 15,400 per sq.ft, the total guideline value amounts to Rs 1,54,00,000. The stamp duty at 7% would be Rs 10,78,000, and the registration fee at 2% would be Rs 3,08,000, resulting in a total of Rs 13,86,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Adyar Bridge Main Road?

The Sub Registrar Office covering Adyar Bridge Main Road is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, second Street, Adyar, Chennai-20, Chennai registration zone.

To find your SRO, you can visit find your SRO.

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

The guideline value is a critical factor when registering property transactions in Urur. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the property transfer process.

When you buy or sell property in Urur, the guideline value ensures that the transaction is recorded at a fair value, which is essential for legal and taxation purposes. It is crucial to be aware of the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Adyar Bridge Main Road?

The current guideline value of Adyar Bridge Main Road is Rs 15,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,718 per sq.ft in 2003 to Rs 15,400 per sq.ft in 2024, reflecting an overall increase of 796% over the years.

What is the land classification for Adyar Bridge Main Road?

Adyar Bridge Main Road is classified as Commercial Class I Type - I, indicating its commercial significance in the area.

Where can I find the Adayar Sub Registrar Office?

The Adayar Sub Registrar Office is located at 51, Kamaraj Avenue, second Street, Adyar, Chennai-20, Chennai registration zone.

How is stamp duty calculated for properties in Adyar Bridge Main Road?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 1,54,00,000, the stamp duty would be Rs 10,78,000 at a rate of 7%.