Guideline Value for Sardar Adikesavalu Nagar

Sardar Adikesavalu Nagar guideline value

The current guideline value of Sardar Adikesavalu Nagar is Rs 1,650 per sq.ft, effective from 1 July 2024. This area is located in Perungalathur village and falls under the Padappai SRO. The land classification for this street is Residential Class IV Type - II.

How the guideline value of Sardar Adikesavalu Nagar has changed

The guideline value for Sardar Adikesavalu Nagar has seen significant changes over the years. In the 2007 revision, the value was Rs 300 per sq.ft, which increased dramatically to Rs 1,500 per sq.ft in 2012, reflecting a 400% rise. However, in the 2017 revision, the value decreased to Rs 1,005 per sq.ft, marking a 33% drop. The value then rose again to Rs 1,500 per sq.ft in 2023, before reaching the current rate of Rs 1,650 per sq.ft in 2024, which is a 10% increase.

Overall, from 2007 to 2024, the guideline value has increased by 450%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Perungalathur

In Perungalathur, there are 411 streets under the Padappai SRO that have a 2024 guideline value ranging from Rs 1,320 to Rs 5,500 per sq.ft. The median value for these streets is Rs 2,310 per sq.ft, placing Sardar Adikesavalu Nagar's 2024 figure below this median.

• Sarojini Street: Rs 2,310 per sq.ft (2024)
• Saravanabawa Nagar: Rs 2,310 per sq.ft (2024)
• Sasi Varadhan Nagar: Rs 1,980 per sq.ft (2024)
• Sasivaradhan Nagar Main Road: Rs 1,980 per sq.ft (2024)
• Sathguru Apartments: Rs 2,640 per sq.ft (2024)
• Sathiya Moorthy Lane: Rs 2,310 per sq.ft (2024)

Stamp duty and registration fee for property in Sardar Adikesavalu Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value amounts to Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total cost to Rs 1,48,500. 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 the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sardar Adikesavalu Nagar?

The Sub Registrar Office that covers Sardar Adikesavalu Nagar is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a critical factor during the registration of property transactions in Perungalathur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold.

When registering a property, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions based on established values.

Frequently asked questions

What is the current guideline value of Sardar Adikesavalu Nagar?

The current guideline value of Sardar Adikesavalu Nagar is Rs 1,650 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 300 per sq.ft in 2007 to Rs 1,650 per sq.ft in 2024, marking an overall increase of 450% over the years.

What is the land classification for Sardar Adikesavalu Nagar?

Sardar Adikesavalu Nagar is classified as Residential Class IV Type - II.

Where can I find the Sub Registrar Office for Sardar Adikesavalu Nagar?

The Sub Registrar Office for Sardar Adikesavalu Nagar is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

How is the stamp duty calculated for properties in Sardar Adikesavalu Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at the current guideline value, the stamp duty would be Rs 1,15,500.