Guideline Value for AALADU ROAD

Aaladu Road guideline value

The current guideline value of Aaladu Road is Rs 702 per sq.ft, effective from 1 July 2024. This road is located in Ponneri_2 village under the Ponneri SRO, classified as 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. The 2017 revision set the value at Rs 603 per sq.ft, which later increased to Rs 900 per sq.ft in the 2023 revision. However, with the latest 2024 revision, the guideline value has decreased to Rs 702 per sq.ft, marking a reduction of 22% from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 16%. It is important to note that there are no figures available for the years 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 in 2024 ranging from Rs 700 to Rs 1,300 per sq.ft. The median guideline value for these streets is Rs 700 per sq.ft, making Aaladu Road's current value above the median.

• Aadhivasikal Colony: Rs 700 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 Aaladu Road

For a 1,000 sq.ft plot at the current guideline value of Rs 702 per sq.ft, the total guideline value amounts to Rs 7,02,000. The stamp duty at 7% would be Rs 49,140, and the registration fee at 2% would be Rs 14,040, bringing the total charges to Rs 63,180. 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 details.

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_2

The guideline value serves as a benchmark for property transactions in Ponneri_2. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees applicable during the registration process.

It is essential for buyers and sellers to be aware of the guideline value to ensure compliance with local regulations and to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Aaladu Road?

The current guideline value of Aaladu Road is Rs 702 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 603 per sq.ft in 2017 to Rs 900 per sq.ft in 2023, and then decreased to Rs 702 per sq.ft in 2024.

What is the land classification for Aaladu Road?

Aaladu Road is classified as Residential Class I Type - I.

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

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

Where is the Sub Registrar Office for Aaladu Road located?

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