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 locality is situated in Ponneri_2 village under the Ponneri SRO, classified as Residential Class II Type - I.

How the guideline value of Aadhivasikal Colony has changed

In the 2017 revision, the guideline value was set at Rs 469 per sq.ft. This figure remained unchanged in the 2023 revision, where it was still Rs 700 per sq.ft. The most recent revision in 2024 also maintains this value at Rs 700 per sq.ft, indicating no percentage change from 2023 to 2024. Overall, from 2017 to 2024, there has been a 49% increase in the guideline value.

It is important to note that the register has no figure for Aadhivasikal Colony for the years 2002, 2003, 2007, and 2012. Thus, the only relevant revisions are from 2017, 2023, and 2024.

Guideline values in Ponneri_2

Aadhivasikal Colony shares the same 2024 guideline value of Rs 700 per sq.ft as the median value for 75 streets in Ponneri_2 under the Ponneri SRO, which ranges from Rs 700 to Rs 1,300 per sq.ft. Below are the guideline values for other streets in Ponneri_2:

• Aaladu Road: Rs 702 per sq.ft (2024)
• Aadhilakshmi Nagar: Rs 700 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 Aadhivasikal Colony

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. 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 precise calculations.

Which Sub Registrar Office covers Aadhivasikal Colony?

The Aadhivasikal Colony falls under 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_2

The guideline value plays a crucial role during the registration of property transactions in Ponneri_2. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value is referenced to calculate the applicable stamp duty and registration fees. This ensures transparency and helps in avoiding undervaluation of properties during transactions.

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?

From the 2017 revision to the 2024 revision, the guideline value has increased by 49%, from Rs 469 per sq.ft to Rs 700 per sq.ft. There was no change in value from 2023 to 2024.

What is the land classification for Aadhivasikal Colony?

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

What are the stamp duty and registration fees for property in Aadhivasikal Colony?

For a property valued at Rs 7,00,000, the stamp duty would be Rs 49,000 and the registration fee would be Rs 14,000, totaling Rs 63,000. These fees are based on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Aadhivasikal Colony located?

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