Guideline Value for ADHITHYA GARDEN

Adhithya Garden guideline value

The current guideline value of Adhithya Garden in Ponneri village, under the Ponneri SRO, is Rs 1,200 per sq.ft, effective from 1 July 2024. This area is classified as Residential Special Type - I.

How the guideline value of Adhithya Garden has changed

The guideline value for Adhithya Garden has undergone several revisions over the years. The most recent revision in 2024 set the guideline value at Rs 1,200 per sq.ft, which is a significant increase from Rs 700 per sq.ft in the 2023 revision. This change represents a 71% increase between the two years.

For earlier revisions, the register has no figure for the years 2017, 2012, 2007, 2003, and 2002 for this street. Therefore, the only available figures are from 2023 and 2024.

Guideline values in Ponneri

Ponneri village has a total of 120 streets under the Ponneri SRO, with guideline values ranging from Rs 201 to Rs 1,200 per sq.ft in 2024. The median guideline value in this area is Rs 700 per sq.ft, placing Adhithya Garden above this median.

• Abdul Kalam Nagar: Rs 1,200 per sq.ft (2024)
• Abdhulkalam Nagar: Rs 1,200 per sq.ft (2024)
• Abdhul Hajik Sayabu Street: Rs 700 per sq.ft (2024)
• Aarumuga Mudaliyar Nagar Extention: Rs 600 per sq.ft (2024)
• Aaladu Road: Rs 900 per sq.ft (2024)
• Aadhivasikal Colony: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Adhithya Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 1,200 per sq.ft, the total guideline value would be Rs 12,00,000. The stamp duty at 7% would amount to Rs 84,000, while the registration fee at 2% would be Rs 24,000, leading to a total of Rs 1,08,000. 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 further assistance.

Which Sub Registrar Office covers Adhithya Garden?

The Sub Registrar Office that covers Adhithya Garden 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 an essential factor in the registration process when buying or selling property in Ponneri. It determines the minimum value at which a property can be registered and is used to calculate the applicable stamp duty and registration fees.

When a property is sold, the sale price must be equal to or greater than the guideline value. If the sale price is lower, the higher guideline value will be used for the calculation of duties and fees.

Frequently asked questions

What is the current guideline value of Adhithya Garden?

The current guideline value of Adhithya Garden is Rs 1,200 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

The guideline value increased from Rs 700 per sq.ft in 2023 to Rs 1,200 per sq.ft in 2024, marking a 71% increase.

What classification does Adhithya Garden fall under?

Adhithya Garden is classified as Residential Special Type - I.

What are the stamp duty and registration fees for property in Adhithya Garden?

For a 1,000 sq.ft plot, the total guideline value is Rs 12,00,000, leading to a stamp duty of Rs 84,000 and a registration fee of Rs 24,000, totaling Rs 1,08,000.

Which office handles registrations for Adhithya Garden?

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