Guideline Value for SRI ADHINATH RESIDENCY PHASE -I

Sri Adhinath Residency Phase -I guideline value

The current guideline value for Sri Adhinath Residency Phase -I 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.

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

The guideline value for Sri Adhinath Residency Phase -I has undergone several revisions over the years. The 2012 revision set the value at Rs 600 per sq.ft, which then changed to Rs 402 per sq.ft in 2017. This was a decrease of 33%. However, from 2017 to 2023, the value increased significantly to Rs 1,000 per sq.ft, marking a rise of 149%. The 2023 revision maintained the value at Rs 1,000 per sq.ft, with no changes noted for the 2024 revision.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 67%. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Athur B Block

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

• Sri Adhinath Residency Phase -II: 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 -I

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, bringing the total to Rs 90,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

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

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

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

The guideline value is a crucial factor in property transactions, as it determines the amount of stamp duty and registration fees payable during the registration process. Buyers and sellers should be aware that the guideline value is set by the government and can vary between different areas and property types.

When purchasing or selling property in Athur B Block, it is essential to refer to the latest guideline value to ensure compliance with registration requirements. This value helps in assessing the financial obligations associated with property transactions.

Frequently asked questions

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

The current guideline value of Sri Adhinath Residency Phase -I 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 from Rs 600 per sq.ft in 2012 to Rs 1,000 per sq.ft in 2024, marking an overall increase of 67% over the years.

What is the land classification for Sri Adhinath Residency Phase -I?

Sri Adhinath Residency Phase -I is classified as Mixed Type - I under the land classification system.

Where is the Chengleput Joint II Sub Registrar Office located?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Sri Adhinath Residency Phase -I?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 10,00,000 would incur a stamp duty of Rs 70,000.