Guideline Value for SRI ADHINATH RESIDENCY PHASE -II

Sri Adhinath Residency Phase -II guideline value

The current guideline value of Sri Adhinath Residency Phase -II is Rs 1,000 per sq.ft, effective from 1 July 2024. This property is located in Athur B Block village under the Chengleput Joint II SRO, classified as Mixed Type - I land.

How the guideline value of Sri Adhinath Residency Phase -II has changed

The guideline value for Sri Adhinath Residency Phase -II has seen several revisions over the years. In 2007, the guideline value was set at Rs 150 per sq.ft, which increased to Rs 600 per sq.ft in 2012. However, there was a decrease to Rs 402 per sq.ft in 2017. The value remained stable at Rs 1,000 per sq.ft in both 2023 and the upcoming 2024 revision, indicating no change from the previous year.

From 2017 to 2023, the guideline value increased by 149%. The significant rise from 2007 to 2012 was 300%, followed by a decrease of 33% from 2012 to 2017. Overall, from 2007 to 2024, the guideline value has increased by 567%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Athur B Block

Athur B Block has 79 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 268 to Rs 1,525 per sq.ft as per the 2024 revision. The median value for these streets is Rs 700 per sq.ft, placing Sri Adhinath Residency Phase -II above this median.

• Sri Adhinath Residency Phase -I: Rs 1,000 per sq.ft (2024)
• Sri Ajith Avenue: Rs 1,000 per sq.ft (2024)
• Sree Sai Krishnanagar: Rs 500 per sq.ft (2024)
• Sri Andal Nagar: Rs 500 per sq.ft (2024)
• Sree Mallinathan Nagar: Rs 500 per sq.ft (2024)
• Sri Ganapathi Nagar: Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Adhinath Residency Phase -II

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value would be Rs 10,00,000. The stamp duty at 7% would amount to Rs 70,000, and the registration fee at 2% would be Rs 20,000, totaling Rs 90,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Adhinath Residency Phase -II?

The Chengleput Joint II Sub Registrar Office covers Sri Adhinath Residency Phase -II. The office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Athur B Block

The guideline value is a crucial factor in the registration process when buying or selling property in Athur B Block. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction. Buyers and sellers must consider this value to ensure compliance with local regulations.

During the registration process, the guideline value is used to calculate the applicable fees, which are based on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Sri Adhinath Residency Phase -II?

The current guideline value of Sri Adhinath Residency Phase -II is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 150 per sq.ft in 2007 to Rs 1,000 per sq.ft in 2024, reflecting an overall increase of 567% over this period.

What is the median guideline value for streets in Athur B Block?

The median guideline value for streets in Athur B Block is Rs 700 per sq.ft, with Sri Adhinath Residency Phase -II above this median at Rs 1,000 per sq.ft.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 10,00,000, the stamp duty would be Rs 70,000 and the registration fee would be Rs 20,000, totaling Rs 90,000.

Where can I find the Sub Registrar Office for this property?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002. You can find more details by visiting the relevant link.