Guideline Value for Citylink Road

Citylink Road guideline value

The current guideline value of Citylink Road is Rs 5,500 per sq.ft, effective from 1 July 2024. This street is located in Adambakkam village under the Alandur SRO, classified as Commercial Class I Type - I.

How the guideline value of Citylink Road has changed

Looking at the revisions over the years, the guideline value for Citylink Road has seen significant changes. In 2002, the guideline value was Rs 487 per sq.ft, which increased to Rs 800 in 2003, marking a change of +64%. The value then rose to Rs 1,200 in 2007, reflecting a substantial increase of +50%. However, from 2007 to 2012, the value increased dramatically to Rs 5,000, representing a remarkable +317% change. In 2017, the value was recorded at Rs 3,350 per sq.ft, showing a decrease of -33% from the previous revision. The value then increased to Rs 5,000 in 2023, followed by a further rise to the current value of Rs 5,500 in 2024, which is a +10% change.

Overall, from 2002 to 2024, the guideline value has increased by +1029%. There are no figures available for the years between these revisions for Citylink Road.

Guideline values in Adambakkam

In Adambakkam, there are 569 streets under the Alandur SRO that carry a 2024 guideline value ranging from Rs 2,800 to Rs 11,000 per sq.ft, with a median value of Rs 3,900 per sq.ft. Citylink Road's 2024 guideline value of Rs 5,500 is above this median.

• Co-operative Nagar: Rs 5,000 per sq.ft (2024)
• Daniel Street: Rs 3,900 per sq.ft (2024)
• Chidambaranar Street: Rs 3,900 per sq.ft (2024)
• Chidambaranar 2nd Cross Street: Rs 3,900 per sq.ft (2024)
• Chidambaranar 1st Cross Street: Rs 3,900 per sq.ft (2024)
• Devaraja Puram: Rs 3,900 per sq.ft (2024)

Stamp duty and registration fee for property in Citylink Road

For a 1,000 sq.ft plot at the current guideline value of Rs 5,500 per sq.ft, the total guideline value amounts to Rs 55,00,000. The stamp duty at 7% would be Rs 3,85,000, and the registration fee at 2% would be Rs 1,10,000, bringing the total fees together to Rs 4,95,000. 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 details.

Which Sub Registrar Office covers Citylink Road?

The Sub Registrar Office that covers Citylink Road is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Adambakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the sale price, which can significantly impact the total cost of the transaction.

Frequently asked questions

What is the current guideline value of Citylink Road?

The current guideline value of Citylink Road is Rs 5,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Over the years, the guideline value has increased significantly, from Rs 487 in 2002 to Rs 5,500 in 2024, marking an overall increase of +1029%.

What is the land classification for Citylink Road?

Citylink Road is classified as Commercial Class I Type - I under the Alandur SRO.

What are the stamp duty and registration fees for property in Citylink Road?

The stamp duty is 7% and the registration fee is 2% of the guideline value. For a property valued at Rs 55,00,000, the total fees would amount to Rs 4,95,000.

Where can I find the Sub Registrar Office for Citylink Road?

The Alandur Sub Registrar Office covers Citylink Road and is located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.