Guideline Value for South Sector 4th Street

South Sector 4th Street guideline value

The current guideline value of South Sector 4th Street is Rs 2,800 per sq.ft, effective from 1 July 2024. This street is located in Adambakkam village, under the Alandur SRO, and is classified as Residential Class II Type - II.

How the guideline value of South Sector 4th Street has changed

The guideline value for South Sector 4th Street has seen several revisions over the years. The earliest figure recorded was Rs 275 per sq.ft in 2002. This value increased to Rs 314 per sq.ft in 2003, followed by a significant rise to Rs 650 per sq.ft in 2007. The value then surged to Rs 2,500 per sq.ft in 2012, but experienced a decrease to Rs 1,675 per sq.ft in 2017. The next revision in 2023 saw an increase to Rs 2,500 per sq.ft, and finally, the current value is Rs 2,800 per sq.ft as of the 2024 revision.

In terms of percentage changes, the guideline value increased by 14% from 2002 to 2003, followed by a 107% increase from 2003 to 2007. The value then saw a remarkable rise of 285% from 2007 to 2012, followed by a decrease of 33% from 2012 to 2017. The value increased by 49% from 2017 to 2023, and finally, there was a 12% increase from 2023 to 2024. Overall, from 2002 to 2024, the guideline value has increased by 918%.

Guideline values in Adambakkam

In Adambakkam, there are 569 streets under the Alandur SRO that carry a 2024 guideline value ranging from Rs 2,800 to Rs 11,000 per sq.ft. The median guideline value in this area is Rs 3,900 per sq.ft, placing the South Sector 4th Street's 2024 figure below that median.

• South Sector 3th Street: Rs 2,800 per sq.ft (2024)
• South Sector 2th Street: Rs 2,800 per sq.ft (2024)
• South Sector 1st Street: Rs 2,800 per sq.ft (2024)
• South Street: Rs 2,800 per sq.ft (2024)
• South Pennai Street: Rs 2,800 per sq.ft (2024)
• South New Street (Vanuvampet): Rs 2,800 per sq.ft (2024)

Stamp duty and registration fee for property in South Sector 4th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,800 per sq.ft, the total guideline value amounts to Rs 28,00,000. The stamp duty, charged at 7%, would be Rs 1,96,000, and the registration fee, charged at 2%, would be Rs 56,000. Together, these fees total Rs 2,52,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers South Sector 4th Street?

The Sub Registrar Office that covers South Sector 4th Street is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Adambakkam. It serves as a benchmark for determining the stamp duty and registration fees that are applicable during the transaction. The higher value between the guideline value and the sale price is used to calculate these fees.

Understanding the guideline value is essential for buyers and sellers to ensure compliance with the regulatory framework during property transactions. It helps in accurately assessing the costs involved in the registration process and ensures that all legal requirements are met.

Frequently asked questions

What is the current guideline value of South Sector 4th Street?

The current guideline value of South Sector 4th Street is Rs 2,800 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 275 per sq.ft in 2002 to Rs 2,800 per sq.ft in 2024, reflecting an overall increase of 918% over this period.

What are the stamp duty and registration fees for property in South Sector 4th Street?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 2,52,000.

Which Sub Registrar Office covers South Sector 4th Street?

The Alandur Sub Registrar Office covers South Sector 4th Street, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

Where can I find more information about the guideline values in Adambakkam?

You can find more information about guideline values in Adambakkam by checking the respective links for other streets or consulting the Registration Department's guideline value register.