Guideline Value for Adyar Club Road

Adyar Club Road guideline value

The current guideline value of Adyar Club Road is Rs 25,300 per sq.ft, effective from 1 July 2024. This road is located in Mylapore Part 1 village and falls under the Chennai Central Joint I SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of Adyar Club Road has changed

Over the years, the guideline value for Adyar Club Road has seen several revisions. The register does not contain figures for the years 2002, 2003, 2007, 2012, and 2017. The most recent figures show that in 2023, the guideline value was Rs 23,000 per sq.ft, which increased by 10% to Rs 25,300 per sq.ft in 2024.

The 2024 revision reflects a significant change from the previous year, indicating a rise in the guideline value. The increase from Rs 23,000 to Rs 25,300 per sq.ft demonstrates a notable adjustment in the valuation of properties along Adyar Club Road.

Guideline values in Mylapore Part 1

In Mylapore Part 1, there are 333 streets under the Chennai Central Joint I SRO, with guideline values ranging from Rs 4,400 to Rs 25,300 per sq.ft. The median guideline value in this area is Rs 8,800 per sq.ft, placing Adyar Club Road's 2024 figure above this median.

• Alaiamman Koil (Slum Area): Rs 4,400 per sq.ft (2024)
• Alaiamman Koil Slum Clearance Road: Rs 4,400 per sq.ft (2024)
• Alaiamman Koil Street: Rs 4,400 per sq.ft (2024)
• Alwarpet 1st Cross Street: Rs 8,700 per sq.ft (2024)
• Alwarpet 1st Lane: Rs 8,700 per sq.ft (2024)
• Alwarpet 1st Street: Rs 8,700 per sq.ft (2024)

Stamp duty and registration fee for property in Adyar Club Road

For a property on Adyar Club Road measuring 1,000 sq.ft at the current guideline value of Rs 25,300 per sq.ft, the total guideline value amounts to Rs 2,53,00,000. The stamp duty at 7% would be Rs 17,71,000, and the registration fee at 2% would be Rs 5,06,000, bringing the total cost of duty and fees to Rs 22,77,000. 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 more precise calculations.

Which Sub Registrar Office covers Adyar Club Road?

The Sub Registrar Office that covers Adyar Club Road is the Chennai Central Joint I Sub Registrar Office, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014. For more information, you can find your SRO.

How the guideline value is used when you buy or sell in Mylapore Part 1

The guideline value plays a crucial role in the registration process of property transactions in Mylapore Part 1. It is used to determine the stamp duty and registration fees that must be paid when a property is bought or sold.

When registering a property, buyers should be aware that the guideline value is either used as the basis for calculating these fees or the sale price, whichever is higher. This ensures that the government collects the appropriate taxes based on the value of the property being transferred.

Frequently asked questions

What is the current guideline value of Adyar Club Road?

The current guideline value of Adyar Club Road is Rs 25,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Adyar Club Road has changed from Rs 23,000 per sq.ft in 2023 to Rs 25,300 per sq.ft in 2024, reflecting a 10% increase. The register does not contain figures for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification for Adyar Club Road?

The land classification for Adyar Club Road is Residential Special Type - I. This classification is important for understanding the zoning and permissible uses of the property.

What are the stamp duty and registration fees for properties in this area?

For a property measuring 1,000 sq.ft at the current guideline value, the total guideline value amounts to Rs 2,53,00,000. The stamp duty is calculated at 7%, and the registration fee at 2%, leading to a total of Rs 22,77,000 in fees.

Which Sub Registrar Office covers the registration for Adyar Club Road?

The Chennai Central Joint I Sub Registrar Office covers the registration for Adyar Club Road, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014.