Guideline Value for ADITHYA AVENUE

Adithya Avenue guideline value

The current guideline value of Adithya Avenue in Ponmar village, under the Gooduvancheri SRO, is Rs 1,500 per sq.ft as per the 2023 revision. The land classification for this area is Residential Special Type - III.

How the guideline value of Adithya Avenue has changed

According to the guideline value register, the revisions for Adithya Avenue have been recorded for the years 2002, 2003, 2007, 2012, 2017, and 2023. However, there are no figures available for the years 2002, 2003, 2007, 2012, and 2017. The most recent revision in 2023 shows a guideline value of Rs 1,500 per sq.ft, which has remained unchanged from previous years.

As there are no recorded changes between the revisions listed, the current guideline value remains consistent with the 2023 figure. The absence of figures for earlier years indicates that there have been no adjustments or updates to the guideline value for Adithya Avenue in those periods.

Guideline values in Ponmar

Currently, there are no specific village figures available for Ponmar. Adithya Avenue is classified under the Gooduvancheri SRO, and there are no other streets in Ponmar listed with guideline values.

Stamp duty and registration fee for property in Adithya Avenue

For a 1,000 sq.ft plot at the current rate of Rs 1,500 per sq.ft, the guideline value amounts to Rs 15,00,000. The stamp duty at 7% would be Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, bringing the total to Rs 1,35,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more details on calculating stamp duty and registration fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Adithya Avenue?

The Sub Registrar Office that covers Adithya Avenue is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

You can find your SRO for more information.

How the guideline value is used when you buy or sell in Ponmar

The guideline value is a critical factor when buying or selling property in Ponmar, as it determines the minimum value at which a property can be registered. This value is used to calculate the applicable stamp duty and registration fees, ensuring that all transactions are compliant with local regulations.

When a buyer decides to purchase a property, the guideline value serves as a benchmark for the transaction. The buyer must pay the stamp duty based on the higher of the guideline value or the sale price, which ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Adithya Avenue?

The current guideline value of Adithya Avenue is Rs 1,500 per sq.ft as per the 2023 revision.

What is the land classification for Adithya Avenue?

Adithya Avenue is classified as Residential Special Type - III.

Have there been any changes in the guideline value for Adithya Avenue?

No changes have been recorded in the guideline value for Adithya Avenue, as it has remained consistent at Rs 1,500 per sq.ft since the 2023 revision.

Where is the Gooduvancheri Sub Registrar Office located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

How is stamp duty calculated for properties in Adithya Avenue?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 15,00,000, the stamp duty would amount to Rs 1,05,000.