Guideline Value for Naidu 1st Cross Street

Naidu 1st Cross Street guideline value

The current guideline value of Naidu 1st Cross Street is Rs 6,100 per sq.ft, effective from 1 July 2024. This street is located in Adayar village, under the Adayar SRO, and falls under the Residential Class II Type - I land classification.

How the guideline value of Naidu 1st Cross Street has changed

Over the years, the guideline value of Naidu 1st Cross Street has seen several revisions. The 2007 revision set the value at Rs 2,500 per sq.ft, which increased significantly to Rs 5,500 per sq.ft in the 2012 revision, marking a 120% increase. However, in the 2017 revision, the value decreased to Rs 3,685 per sq.ft, representing a decline of 33% from the previous revision. The value then rose to Rs 5,500 per sq.ft in the 2023 revision, reflecting a 49% increase.

The most recent revision in 2024 has set the guideline value at Rs 6,100 per sq.ft, which is an 11% increase from the 2023 figure. It is important to note that there are no figures available for the years 2002 and 2003 for this street.

Guideline values in Adayar

Adayar village has a total of 92 streets under the Adayar SRO that carry a 2024 guideline value, ranging from Rs 3,300 to Rs 15,400 per sq.ft. The median value is Rs 6,100 per sq.ft, which is equal to the current guideline value of Naidu 1st Cross Street.

• Naidu 1st Street: Rs 6,100 per sq.ft (2024)
• Naidu 2nd Cross Street: Rs 6,100 per sq.ft (2024)
• Naidu 2nd Street: Rs 6,100 per sq.ft (2024)
• Naidu 3rd Cross Street: Rs 6,100 per sq.ft (2024)
• Naidu 3rd Street: Rs 6,100 per sq.ft (2024)
• Naidu 4th Cross Street: Rs 6,100 per sq.ft (2024)

Stamp duty and registration fee for property in Naidu 1st Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 6,100 per sq.ft, the total guideline value amounts to Rs 61,00,000. The stamp duty at 7% would be Rs 4,27,000, and the registration fee at 2% would be Rs 1,22,000, bringing the total to Rs 5,49,000. Please note that the 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 Naidu 1st Cross Street?

The Sub Registrar Office that covers Naidu 1st Cross Street is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. You can find your SRO for more information.

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

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

When buying or selling property in Adayar, it is essential to be aware of the current guideline value, as it impacts the overall costs involved in the transaction. Buyers should ensure that they are prepared for the associated fees based on this value to avoid any surprises during the registration process.

Frequently asked questions

What is the current guideline value of Naidu 1st Cross Street?

The current guideline value of Naidu 1st Cross Street is Rs 6,100 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

The guideline value increased from Rs 5,500 per sq.ft in 2023 to Rs 6,100 per sq.ft in 2024, which is an 11% increase.

What was the guideline value in 2017?

The guideline value of Naidu 1st Cross Street in 2017 was Rs 3,685 per sq.ft.

What is the land classification for Naidu 1st Cross Street?

Naidu 1st Cross Street falls under the Residential Class II Type - I land classification.

Where is the Adayar Sub Registrar Office located?

The Adayar Sub Registrar Office is located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.