Guideline Value for Sri Adhilakshmi nagar Extn

Sri Adhilakshmi nagar Extn guideline value

The current guideline value of Sri Adhilakshmi nagar Extn is Rs 1,650 per sq.ft, effective from 1 July 2024. This area is located in Kovur village, under the jurisdiction of the Kunrathur SRO, and is classified as Residential Special Type - I.

How the guideline value of Sri Adhilakshmi nagar Extn has changed

The guideline value for Sri Adhilakshmi nagar Extn has undergone several revisions over the years. The 2012 revision set the value at Rs 1,500 per sq.ft, which was then decreased to Rs 1,005 per sq.ft in the 2017 revision. However, from 2017 to 2023, the value increased significantly to Rs 1,500 per sq.ft, and in the latest 2024 revision, it rose to Rs 1,650 per sq.ft, marking a 10% increase from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has seen a 10% increase. Notably, the revisions for the years 2002, 2003, and 2007 have no figures recorded for this street.

Guideline values in Kovur

In Kovur, there are 91 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 1,320 to Rs 3,300 per sq.ft, with the median value being Rs 1,650 per sq.ft. Sri Adhilakshmi nagar Extn's 2024 guideline value aligns with this median.

• Sri Adhilakshmi Nagar: Rs 1,650 per sq.ft (2024)
• Sri Adilkshmi Nagar Annexe: Rs 1,650 per sq.ft (2024)
• Sri Ambal Nagar: Rs 1,650 per sq.ft (2024)
• Sri Ambal Nagar Annex Extension: Rs 1,650 per sq.ft (2024)
• Sri Ambal Nagar Extn: Rs 1,650 per sq.ft (2024)
• Sree Srinivasan Nagar Extension: Rs 2,300 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Adhilakshmi nagar Extn

For a 1,000 sq.ft plot at the current rate, the 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 to Rs 1,48,500. Please note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Sri Adhilakshmi nagar Extn?

The Sri Adhilakshmi nagar Extn area falls under the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property transactions in Kovur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency in property dealings.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. This ensures that both buyers and sellers are aware of the financial implications of their transactions based on the established guideline values.

Frequently asked questions

What is the current guideline value of Sri Adhilakshmi nagar Extn?

The current guideline value of Sri Adhilakshmi nagar Extn 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 from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then increased to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,650 per sq.ft in 2024.

What is the land classification for Sri Adhilakshmi nagar Extn?

Sri Adhilakshmi nagar Extn is classified as Residential Special Type - I.

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

For a property valued at Rs 16,50,000, the stamp duty would be Rs 1,15,500 and the registration fee would be Rs 33,000, totaling Rs 1,48,500.

Which office should I contact for property registration in Sri Adhilakshmi nagar Extn?

The Kunrathur Sub Registrar Office covers Sri Adhilakshmi nagar Extn, located at No.59, Road Street, Kundrathur, Chennai -600 069.