Guideline Value for SRI ADHIDHYA NAGAR PHASE-I

Sri Adhidhya Nagar Phase-I guideline value

The current guideline value of Sri Adhidhya Nagar Phase-I is Rs 101 per sq.ft, effective from 1 July 2024. This property is located in Boodhur village, under the Madurandakam SRO, and is classified as Residential Class IV Type - I.

How the guideline value of Sri Adhidhya Nagar Phase-I has changed

The guideline value for Sri Adhidhya Nagar Phase-I has undergone several revisions over the years. The earliest recorded revision is from 2012, where the value was set at Rs 100 per sq.ft. This remained unchanged until the 2017 revision, which saw a decrease to Rs 67 per sq.ft. However, the value increased significantly in the following revisions, reaching Rs 100 per sq.ft in 2023 and finally Rs 101 per sq.ft in 2024, marking a 1% increase from the previous year.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2012 to 2024, the value has seen a modest increase of 1%. Notably, the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Boodhur

In Boodhur village, there are five streets under the Madurandakam SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 300 per sq.ft. The median value is Rs 101 per sq.ft, which matches the current guideline value for Sri Adhidhya Nagar Phase-I.

• Sri Jothi Nagar: Rs 100 per sq.ft (2024)
• Lakshmi Nagar: Rs 100 per sq.ft (2024)
• Guberan Nagar: Rs 300 per sq.ft (2024)
• Akshaya Nagar: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Adhidhya Nagar Phase-I

For a 1,000 sq.ft plot at the current guideline value of Rs 101 per sq.ft, the total guideline value would be Rs 1,01,000. The stamp duty at 7% would amount to Rs 7,070, and the registration fee at 2% would be Rs 2,020, bringing the total fees to Rs 9,090. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Sri Adhidhya Nagar Phase-I?

The Sub Registrar Office that covers Sri Adhidhya Nagar Phase-I is the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration process of property transactions in Boodhur. It serves as a benchmark for determining the stamp duty and registration fees payable at the time of property registration. Buyers and sellers must be aware of the current guideline value to ensure compliance with legal requirements.

When a property is sold, the guideline value is assessed to calculate the applicable duties. It is essential for both parties to understand that the stamp duty is charged on the higher of the guideline value or the sale price, ensuring that the registration process is transparent and fair.

Frequently asked questions

What is the current guideline value of Sri Adhidhya Nagar Phase-I?

The current guideline value of Sri Adhidhya Nagar Phase-I is Rs 101 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 100 per sq.ft in 2012 to Rs 67 per sq.ft in 2017, then to Rs 100 per sq.ft in 2023, and finally to Rs 101 per sq.ft in 2024.

What are the other streets in Boodhur and their guideline values?

Other streets in Boodhur include Sri Jothi Nagar and Lakshmi Nagar at Rs 100 per sq.ft, Akshaya Nagar at Rs 200 per sq.ft, and Guberan Nagar at Rs 300 per sq.ft for 2024.

What are the fees for registering property in Sri Adhidhya Nagar Phase-I?

For a property valued at Rs 1,01,000, the stamp duty would be Rs 7,070, and the registration fee would be Rs 2,020, totaling Rs 9,090.

Where is the Sub Registrar Office for Sri Adhidhya Nagar Phase-I located?

The Madurandakam Sub Registrar Office is located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.