Guideline Value for AADHILAKSHMI NAGAR

Aadhilakshmi Nagar guideline value

The current guideline value of Aadhilakshmi Nagar is Rs 700 per sq.ft, effective from 1 July 2024. This area is located in Ponneri village, under the Ponneri SRO, and is classified as Residential Class II Type - I.

How the guideline value of Aadhilakshmi Nagar has changed

The guideline value for Aadhilakshmi Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 500 per sq.ft, which then changed to Rs 469 per sq.ft in the 2017 revision. Following this, the 2023 revision maintained the value at Rs 700 per sq.ft, and the current 2024 revision also holds the value at Rs 700 per sq.ft, indicating no change from the previous year. Notably, there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

From 2012 to 2017, there was a decrease of 6%, but from 2017 to 2023, the value increased by 49%. Overall, from 2012 to 2024, the guideline value has increased by 40%.

Guideline values in Ponneri

Ponneri village has a range of guideline values across its 120 streets under the Ponneri SRO, with figures ranging from Rs 201 to Rs 1,200 per sq.ft. The median value is Rs 700 per sq.ft, which aligns with the current guideline value of Aadhilakshmi Nagar.

• Aadhidhya Garden: Rs 1,200 per sq.ft (2024)
• Aadhivasikal Colony: Rs 700 per sq.ft (2024)
• Aaladu Road: Rs 900 per sq.ft (2024)
• Aarumuga Mudaliyar Nagar Extention: Rs 600 per sq.ft (2024)
• Abdhul Hajik Sayabu Street: Rs 700 per sq.ft (2024)
• Abdhulkalam Nagar: Rs 1,200 per sq.ft (2024)

Stamp duty and registration fee for property in Aadhilakshmi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total guideline value amounts to Rs 7,00,000. The stamp duty at 7% would be Rs 49,000, and the registration fee at 2% would be Rs 14,000, totaling Rs 63,000. Please note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Aadhilakshmi Nagar?

The Sub Registrar Office covering Aadhilakshmi Nagar is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more information.

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

The guideline value is a crucial factor during property registration in Ponneri. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property transaction.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair price, reflecting the official valuation of the property. This helps in maintaining transparency and accountability in property dealings.

Frequently asked questions

What is the current guideline value of Aadhilakshmi Nagar?

The current guideline value of Aadhilakshmi Nagar is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2012 to Rs 469 per sq.ft in 2017, then to Rs 700 per sq.ft in both 2023 and 2024.

What is the land classification of Aadhilakshmi Nagar?

Aadhilakshmi Nagar is classified as Residential Class II Type - I according to the local land classification.

What are the stamp duty and registration fees for property transactions?

The stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, and the registration fee is 2% of the guideline value.

Where is the Sub Registrar Office for Aadhilakshmi Nagar located?

The Sub Registrar Office for Aadhilakshmi Nagar is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.