Guideline Value for AALADU ROAD

Aaladu Road guideline value

The current guideline value of Aaladu Road in Ponneri village, under the Ponneri SRO, is Rs 900 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Class I Type - I.

How the guideline value of Aaladu Road has changed

The guideline value for Aaladu Road has seen several revisions over the years. In the 2012 revision, the value was set at Rs 600 per sq.ft. This increased slightly to Rs 603 per sq.ft in the 2017 revision, marking a change of 1%. The value then saw a significant jump to Rs 900 per sq.ft in the 2023 revision, remaining unchanged in the 2024 revision, resulting in an overall increase of 50% from 2012 to 2024.

There are no figures available for the years 2002, 2003, and 2007 in the register for this street. The 2023 revision maintained the same value as the 2024 revision, indicating stability in the guideline value during that period.

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 guideline value in the village is Rs 700 per sq.ft, placing Aaladu Road's 2024 figure of Rs 900 per sq.ft above this median.

• Aadhivasikal Colony: Rs 700 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 Aaladu Road

For a 1,000 sq.ft plot at the current guideline value of Rs 900 per sq.ft, the total guideline value amounts to Rs 9,00,000. The stamp duty, charged at 7%, would be Rs 63,000, while the registration fee at 2% would be Rs 18,000, bringing the total fees to Rs 81,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more detailed calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Aaladu Road?

The Sub Registrar Office that covers Aaladu Road 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 plays a crucial role in property transactions in Ponneri. It is used as a benchmark for determining the stamp duty and registration fees when a property is bought or sold. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When a property is registered, the guideline value is referenced to calculate the applicable fees. This ensures that both parties in a transaction are aware of the financial obligations associated with the sale, thereby facilitating a smoother transfer of ownership.

Frequently asked questions

What is the current guideline value of Aaladu Road?

The current guideline value of Aaladu Road is Rs 900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 900 per sq.ft in 2024, marking an overall increase of 50% over this period.

What is the median guideline value in Ponneri?

The median guideline value in Ponneri is Rs 700 per sq.ft, with Aaladu Road's value of Rs 900 per sq.ft being above this median.

What are the stamp duty and registration fees for properties on Aaladu Road?

For a 1,000 sq.ft property at the guideline value of Rs 900 per sq.ft, the total guideline value is Rs 9,00,000, with stamp duty at Rs 63,000 and registration fee at Rs 18,000, totaling Rs 81,000.

Which office handles property registrations for Aaladu Road?

The Ponneri Sub Registrar Office handles property registrations for Aaladu Road, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.