Guideline Value for THIRUVADUDURAI ADHINAM NAGAR

Thiruvadudurai Adhinam Nagar guideline value

The current guideline value of Thiruvadudurai Adhinam Nagar is Rs 5,500 per sq.ft, effective from 1 July 2024. This area is located in Arumbakkam village, under the Kodambakkam SRO, and is classified as Residential Special Type - III.

How the guideline value of Thiruvadudurai Adhinam Nagar has changed

The guideline value for Thiruvadudurai Adhinam Nagar has undergone several revisions over the years. The 2007 revision set the value at Rs 1,050 per sq.ft, which increased significantly to Rs 5,000 per sq.ft in 2012. However, this was followed by a decrease to Rs 3,350 per sq.ft in 2017. The value then rose to Rs 5,000 per sq.ft in 2023, and currently stands at Rs 5,500 per sq.ft as of the 2024 revision. Notably, there are no figures available for the years 2002 and 2003 in the register for this street.

From 2007 to 2024, the overall increase in the guideline value is 424%. The change from 2023 to 2024 reflects a 10% increase, while the jump from 2017 to 2023 shows a substantial rise of 49%. The period from 2012 to 2017 saw a decrease of 33%, and the increase from 2007 to 2012 was a remarkable 376%.

Guideline values in Arumbakkam

In Arumbakkam, there are 391 streets under the Kodambakkam SRO that carry a 2024 guideline value, ranging from Rs 3,300 to Rs 16,500 per sq.ft, with a median value of Rs 6,000 per sq.ft. The guideline value for Thiruvadudurai Adhinam Nagar is below this median.

• Thiruvalluvar Nagar (Near Kalki Nagar): Rs 3,800 per sq.ft (2024)
• Thiruvalluvar Street (Amaravathi Nagar): Rs 4,400 per sq.ft (2024)
• Thiruveethiammam Koil Street: Rs 4,700 per sq.ft (2024)
• Thiru Venkada Perumal Koil Street: Rs 3,300 per sq.ft (2024)
• Thiru. VI.Ka Street: Rs 5,300 per sq.ft (2024)
• Thanpillai Thiru Nagar: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruvadudurai Adhinam Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 5,500 per sq.ft, the total guideline value amounts to Rs 55,00,000. The stamp duty at 7% would be Rs 3,85,000, and the registration fee at 2% would be Rs 1,10,000, bringing the total to Rs 4,95,000. It is important to note that 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 details.

Which Sub Registrar Office covers Thiruvadudurai Adhinam Nagar?

The Thiruvadudurai Adhinam Nagar area falls under the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Arumbakkam. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction. Buyers and sellers should be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher.

When registering a property, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency in property dealings. It is advisable for buyers to check the current guideline value before making any property transactions to avoid unexpected costs.

Frequently asked questions

What is the current guideline value of Thiruvadudurai Adhinam Nagar?

The current guideline value of Thiruvadudurai Adhinam Nagar is Rs 5,500 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 1,050 per sq.ft in 2007 to Rs 5,500 per sq.ft in 2024, marking an overall increase of 424% over this period.

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

For a property valued at Rs 55,00,000, the stamp duty would be Rs 3,85,000 and the registration fee would be Rs 1,10,000, totaling Rs 4,95,000.

Which office handles property registrations for Thiruvadudurai Adhinam Nagar?

The Kodambakkam Sub Registrar Office handles property registrations for Thiruvadudurai Adhinam Nagar, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

What is the land classification for Thiruvadudurai Adhinam Nagar?

Thiruvadudurai Adhinam Nagar is classified as Residential Special Type - III, which indicates its zoning for residential purposes.