Guideline Value for ADI DRAVIDAR COLONY

Adi Dravidar Colony guideline value

The current guideline value of Adi Dravidar Colony is Rs 550 per sq.ft, effective from 1 July 2024. This locality is situated in Minjur village, under the Ponneri SRO, and is classified as Residential Class II Type - I.

How the guideline value of Adi Dravidar Colony has changed

The guideline value for Adi Dravidar Colony has undergone several revisions. The 2017 revision set the value at Rs 335 per sq.ft, which increased to Rs 500 per sq.ft in the 2023 revision, marking a significant increase of 49%. The latest revision in 2024 has further raised the guideline value to Rs 550 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

Guideline values in Minjur

In Minjur, there are 179 streets under the Ponneri SRO that carry a 2024 guideline value, ranging from Rs 440 to Rs 1,320 per sq.ft. The median value for these streets is Rs 550 per sq.ft, which is equal to the current guideline value of Adi Dravidar Colony.

• Anbalagan Nagar: Rs 440 per sq.ft (2024)
• Andal Nagar: Rs 440 per sq.ft (2024)
• Annai Abhirami Nagar: Rs 440 per sq.ft (2024)
• Annai Street: Rs 440 per sq.ft (2024)
• Anna Street: Rs 550 per sq.ft (2024)
• Anvitha Reddy Avenue: Rs 440 per sq.ft (2024)

Stamp duty and registration fee for property in Adi Dravidar Colony

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value would be Rs 5,50,000. The stamp duty at 7% would amount to Rs 38,500, while the registration fee at 2% would be Rs 11,000, leading to a total cost of Rs 49,500. It is important to note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Adi Dravidar Colony?

The Sub Registrar Office that covers Adi Dravidar 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 Minjur

The guideline value is an essential factor during property transactions in Minjur. It serves as a benchmark for determining the stamp duty and registration fees applicable when buying or selling property in the area.

When registering a property, the guideline value is used to calculate the applicable fees, ensuring that both buyers and sellers comply with the legal requirements set by the Registration Department.

Frequently asked questions

What is the current guideline value of Adi Dravidar Colony?

The current guideline value of Adi Dravidar Colony is Rs 550 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased from Rs 335 per sq.ft to Rs 550 per sq.ft, marking an overall increase of 64% by 2024.

What are the stamp duty rates for property in Adi Dravidar Colony?

The stamp duty rate for property transactions in Adi Dravidar Colony is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Ponneri Sub Registrar Office?

The Ponneri Sub Registrar Office is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can visit this office for registration-related queries.

What is the median guideline value for streets in Minjur?

The median guideline value for streets in Minjur is Rs 550 per sq.ft, which is the same as the current guideline value for Adi Dravidar Colony.