Guideline Value for AADAVAN NAGAR EXTENTION

Aadavan Nagar Extention guideline value

The current guideline value of Aadavan Nagar Extention is Rs 598 per sq.ft, effective from 1 July 2024. This area is located in Aamoor village and falls under the Ponneri SRO. The land classification for this street is Residential Class I Type - II.

How the guideline value of Aadavan Nagar Extention has changed

The guideline value for Aadavan Nagar Extention has remained consistent over the years. The register shows no figures for the years 2002, 2003, 2007, 2012, and 2017. The 2023 revision also recorded the guideline value at Rs 598 per sq.ft, which remains unchanged in the 2024 revision.

From 2023 to 2024, there was a change of +0%, maintaining the guideline value at Rs 598 per sq.ft. This indicates stability in the valuation for this street over the recent revisions.

Guideline values in Aamoor

Aamoor village has 10 streets under the Ponneri SRO that carry a 2024 guideline value ranging from Rs 175 to Rs 800 per sq.ft, with a median value of Rs 200 per sq.ft. Aadavan Nagar Extention's guideline value is above this median, indicating a higher valuation compared to other streets in the village.

• Balaji Nagar: Rs 200 per sq.ft (2024)
• Kumarasamy Green Field: Rs 200 per sq.ft (2024)
• Manimegalai Nagar: Rs 200 per sq.ft (2024)
• Olive Avenue Phase -II: Rs 175 per sq.ft (2024)
• Olive Avenue Phase -III: Rs 175 per sq.ft (2024)
• Sakthi Sai Nagar: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Aadavan Nagar Extention

For a 1,000 sq.ft plot at the current rate of Rs 598 per sq.ft, the guideline value amounts to Rs 5,98,000. The stamp duty at 7% would be Rs 41,860, and the registration fee at 2% would be Rs 11,960, totaling Rs 53,820. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Aadavan Nagar Extention?

The Aadavan Nagar Extention is covered by the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. For more information, you can find your SRO.

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

The guideline value is a critical factor in the registration process when buying or selling property in Aamoor. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on the official valuation of the property.

When a property transaction occurs, the guideline value helps determine the legal documentation and financial obligations associated with the sale. Buyers and sellers should be aware of this value to ensure compliance with local regulations during the registration process.

Frequently asked questions

What is the current guideline value of Aadavan Nagar Extention?

The current guideline value of Aadavan Nagar Extention is Rs 598 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained the same at Rs 598 per sq.ft since the 2023 revision, with no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What are the guideline values of other streets in Aamoor?

Other streets in Aamoor have guideline values ranging from Rs 175 to Rs 800 per sq.ft. Aadavan Nagar Extention's value is above the median of Rs 200 per sq.ft for the village.

How is stamp duty calculated for properties in Aadavan Nagar Extention?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a 1,000 sq.ft plot at the current guideline value would incur a stamp duty of Rs 41,860.

Where can I find the Sub Registrar Office for Aadavan Nagar Extention?

The Sub Registrar Office for Aadavan Nagar Extention is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find more information about it online.