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 locality is situated in Ponneri_2 village under the Ponneri SRO, and it falls under the Residential Class II Type - I land classification.

How the guideline value of Aadhilakshmi Nagar has changed

In the 2017 revision, the guideline value for Aadhilakshmi Nagar was Rs 469 per sq.ft. This figure remained unchanged in the 2023 revision, which also recorded the value at Rs 700 per sq.ft. The most recent revision in 2024 has kept the guideline value at Rs 700 per sq.ft, indicating no change from the previous year.

Overall, from the 2017 revision to the 2024 revision, there has been a significant increase of 49% in the guideline value. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

Guideline values in Ponneri_2

Ponneri_2 village has a total of 75 streets under the Ponneri SRO, with guideline values ranging from Rs 700 to Rs 1,300 per sq.ft. The median guideline value for these streets is Rs 700 per sq.ft, which is the same as the current guideline value for Aadhilakshmi Nagar.

• Aadhivasikal Colony: Rs 700 per sq.ft (2024)
• Aaladu Road: Rs 702 per sq.ft (2024)
• Angamuthu Mudali St: Rs 1,200 per sq.ft (2024)
• Atha Thulla Street: Rs 700 per sq.ft (2024)
• Bajanai Kovil Street: Rs 1,200 per sq.ft (2024)
• Balaji Nagar: Rs 700 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 would be Rs 7,00,000. The stamp duty at 7% would amount to Rs 49,000, and the registration fee at 2% would be Rs 14,000, bringing the total cost for these fees to Rs 63,000. 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 Aadhilakshmi Nagar?

The Aadhilakshmi Nagar area falls under the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Ponneri_2

The guideline value is a critical factor in the registration of property transactions in Ponneri_2. When buying or selling property, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that these costs are calculated based on a standardized value set by the authorities.

During the registration process, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the region.

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 remained at Rs 700 per sq.ft from 2023 to 2024, while it increased from Rs 469 per sq.ft in 2017 to Rs 700 per sq.ft in 2023, marking a 49% increase over that period.

What is the land classification for Aadhilakshmi Nagar?

Aadhilakshmi Nagar is classified under Residential Class II Type - I, which indicates its suitability for residential development.

Where can I find the Ponneri Sub Registrar Office?

The Ponneri Sub Registrar Office is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. This office handles the registration of properties in the Aadhilakshmi Nagar area.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 700 per sq.ft, the total guideline value would be Rs 7,00,000, leading to specific fees based on that value.