Guideline Value for AADHIVASIKAL COLONY

Aadhivasikal Colony guideline value

The current guideline value of Aadhivasikal Colony is Rs 700 per sq.ft, effective from 1 July 2024. This area is located in Ponneri village and falls under the Ponneri SRO. The land classification for this locality is Residential Class II Type - I.

How the guideline value of Aadhivasikal Colony has changed

Over the years, the guideline value of Aadhivasikal Colony has seen several revisions. The 2012 revision set the value at Rs 500 per sq.ft, which then changed to Rs 469 per sq.ft in 2017. This was a decrease of 6%. However, from 2017 to 2023, the value increased by 49%, bringing it back to Rs 700 per sq.ft. The 2024 revision maintained this figure, showing no change from the previous year.

It is important to note that the register has no figure for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 40%, highlighting the fluctuations in property valuation over the years.

Guideline values in Ponneri

Ponneri village has a total of 120 streets under the Ponneri SRO, with the 2024 guideline values ranging from Rs 201 to Rs 1,200 per sq.ft. The median value is Rs 700 per sq.ft, which is equal to the current guideline value of Aadhivasikal Colony.

• Aaladu Road: Rs 900 per sq.ft (2024)
• Aadhilakshmi Nagar: Rs 700 per sq.ft (2024)
• Aadhidhya Garden: Rs 1,200 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 Aadhivasikal Colony

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 fees to Rs 63,000. It is important to 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 precise calculations.

Which Sub Registrar Office covers Aadhivasikal Colony?

The Sub Registrar Office that covers Aadhivasikal Colony 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 minimum price at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the fair valuation of the property. It is essential to refer to the latest guideline value to avoid discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Aadhivasikal Colony?

The current guideline value of Aadhivasikal Colony 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 700 per sq.ft in 2024, with fluctuations in between, including a decrease to Rs 469 per sq.ft in 2017 and a return to Rs 700 per sq.ft in 2023.

What is the land classification for Aadhivasikal Colony?

Aadhivasikal Colony is classified as Residential Class II Type - I, which indicates its suitability for residential development.

Where can I find the Sub Registrar Office for Aadhivasikal Colony?

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

How is stamp duty calculated in Aadhivasikal Colony?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 7,00,000 would incur a stamp duty of Rs 49,000 at 7%.