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Guideline Value

Corporate

Guideline Value for INNER RING ROAD(Velachery to mount mrts road)

₹5000/sq.ft.

The guideline value for Inner Ring Road(velachery To Mount Mrts Road) in Adambakkam village (Alandur SRO, Chennai zone) is Rs 5000 per sq.ft, effective 1 July 2024. It was Rs 4500 per sq.ft from 1 April 2023, a 11% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Adambakkam

Village

Alandur

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹5000 /sq.ft.
From 1-4-2023 ₹4500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹3015 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061
044-22240222
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Inner Ring Road(velachery To Mount Mrts Road)

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INNER RING ROAD(Velachery to mount mrts road) guideline value

The current guideline value for INNER RING ROAD(Velachery to mount mrts road) is Rs 5,000 per sq.ft, effective from 1 July 2024. This street is located in Adambakkam village, under the Alandur SRO, and is classified as Residential Class I Type - I.

How the guideline value of INNER RING ROAD(Velachery to mount mrts road) has changed

The guideline value for INNER RING ROAD has undergone several revisions over the years. The 2017 revision set the value at Rs 3,015 per sq.ft. This figure increased to Rs 4,500 per sq.ft in the 2023 revision, reflecting a significant rise of 49%. The most recent revision in 2024 has further increased the guideline value to Rs 5,000 per sq.ft, marking an 11% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 66%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

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. The median guideline value in this area is Rs 3,900 per sq.ft, indicating that INNER RING ROAD(Velachery to mount mrts road) is above this median.

Stamp duty and registration fee for property in INNER RING ROAD(Velachery to mount mrts road)

For a 1,000 sq.ft plot at the current guideline value of Rs 5,000 per sq.ft, the guideline value amounts to Rs 50,00,000. The stamp duty at 7% would be Rs 3,50,000, and the registration fee at 2% would be Rs 1,00,000, totaling Rs 4,50,000. Please note that 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 INNER RING ROAD(Velachery to mount mrts road)?

The Sub Registrar Office that covers INNER RING ROAD(Velachery to mount mrts 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 critical factor when registering property transactions in Adambakkam. It is used to determine the stamp duty and registration fees applicable to the property, ensuring that the transaction is recorded accurately in the official register.

When buying or selling property, the guideline value helps establish a baseline for the transaction value, ensuring compliance with local regulations. Buyers and sellers should be aware of the current guideline value to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value for INNER RING ROAD?

The current guideline value for INNER RING ROAD(Velachery to mount mrts road) is Rs 5,000 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since the 2017 revision, the guideline value has increased by 66%, from Rs 3,015 per sq.ft to Rs 5,000 per sq.ft in 2024.

What was the guideline value in 2023?

The guideline value for INNER RING ROAD was Rs 4,500 per sq.ft in the 2023 revision.

Where can I find the registration office for INNER RING ROAD?

The registration office for INNER RING ROAD is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

How is the stamp duty calculated for properties on INNER RING ROAD?

The stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 50,00,000, the stamp duty would be Rs 3,50,000 at 7%.