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 street is located in Mylapore Part 2 village under the Chennai Central Joint I SRO, and it falls under the land classification of Residential Special Type - I.

How the guideline value of Adyar Club Road has changed

The guideline value for Adyar Club Road has seen various revisions over the years. The register has no figures for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was set at Rs 23,000 per sq.ft. The most recent revision in 2024 increased this value to Rs 25,300 per sq.ft, marking a change of +10% from the previous year.

This increase reflects the current valuation trends for the area. The 2024 figure of Rs 25,300 per sq.ft is significantly higher than the previous years, indicating a notable adjustment in the guideline value for this street.

Guideline values in Mylapore Part 2

Mylapore Part 2 comprises 332 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 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 1,000 sq.ft plot 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, leading to a total of Rs 22,77,000. It is important to note that the stamp duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use our stamp duty and registration fee calculator.

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. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Mylapore Part 2

The guideline value is a crucial factor during the registration of property transactions in Mylapore Part 2. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold.

When a buyer or seller engages in a transaction, the guideline value ensures that the state collects appropriate revenue through stamp duty based on the property's valuation. This process helps maintain transparency and consistency in property dealings within the region.

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 much has the guideline value changed recently?

The guideline value increased from Rs 23,000 per sq.ft in 2023 to Rs 25,300 per sq.ft in 2024, reflecting a change of +10%.

What is the land classification for Adyar Club Road?

Adyar Club Road is classified as Residential Special Type - I under the land classification system.

Where can I find the Sub Registrar Office for Adyar Club Road?

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

How is stamp duty calculated for properties in Mylapore Part 2?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. The current rates for stamp duty and registration fees are applied accordingly during the registration process.