Guideline Value for By - Pass Road

By - Pass Road guideline value

The current guideline value of By - Pass Road in Adayalampattu village is Rs 3,850 per sq.ft, effective from 1 July 2024. This street falls under the Chennai South Joint II SRO and is classified as Commercial Class I Type - II.

How the guideline value of By - Pass Road has changed

The guideline value for By - Pass Road has seen several revisions over the years. The earliest recorded value is from 2012, which was Rs 3,500 per sq.ft. This was followed by a decrease to Rs 2,345 per sq.ft in 2017. In 2023, the value increased significantly to Rs 3,500 per sq.ft, and the latest revision in 2024 has set the value at Rs 3,850 per sq.ft, marking a 10% increase from the previous year.

Overall, from 2012 to 2024, the guideline value has increased by 10%. The changes between the revisions are notable: from 2017 to 2023, there was a 49% increase, while the revision from 2012 to 2017 saw a decrease of 33%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Adayalampattu

Adayalampattu has 19 streets under the Chennai South Joint II SRO that carry a 2024 guideline value, ranging from Rs 1,650 to Rs 3,850 per sq.ft. The median value for these streets is Rs 2,420 per sq.ft, placing By - Pass Road's 2024 figure above that median.

• Guru Brindavan Garden: Rs 2,750 per sq.ft (2024)
• Amarjothi Nagar: Rs 2,750 per sq.ft (2024)
• Jaganatha Nagar: Rs 2,420 per sq.ft (2024)
• Kambar Nagar 1st Street: Rs 1,650 per sq.ft (2024)
• Kambar Nagar 2nd Street: Rs 1,650 per sq.ft (2024)
• Kambar Nagar 3rd Street: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in By - Pass Road

For a 1,000 sq.ft plot at the current guideline value of Rs 3,850 per sq.ft, the total guideline value amounts to Rs 38,50,000. The stamp duty at 7% would be Rs 2,69,500, and the registration fee at 2% would be Rs 77,000, bringing the total cost for these fees to Rs 3,46,500. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers By - Pass Road?

The By - Pass Road is covered by the Chennai South Joint II Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Adayalampattu. It determines the minimum value at which the property can be registered, ensuring that the transaction is documented at a fair value as per government standards.

When you proceed with the registration of a property, the guideline value will be used to calculate the stamp duty and registration fees, which are essential costs in the property transaction process. This ensures transparency and compliance with the regulations set by the state government.

Frequently asked questions

What is the current guideline value of By - Pass Road?

The current guideline value of By - Pass Road is Rs 3,850 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,500 per sq.ft in 2023 to Rs 3,850 per sq.ft in 2024. It also increased from Rs 2,345 per sq.ft in 2017 to Rs 3,500 per sq.ft in 2023.

What is the land classification for By - Pass Road?

By - Pass Road is classified as Commercial Class I Type - II under the Chennai South Joint II SRO.

What are the registration fees for property in By - Pass Road?

The registration fees include a stamp duty of 7% and a registration fee of 2% based on the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for By - Pass Road?

The Sub Registrar Office covering By - Pass Road is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.