Guideline Value for ADIYAMMAPURAM

Adiyammapuram guideline value

The current guideline value of Adiyammapuram, located in Naalur village under the Ponneri SRO, is Rs 500 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class I Type - I land classification.

How the guideline value of Adiyammapuram has changed

The guideline value for Adiyammapuram has undergone several revisions over the years. In 2012, the guideline value was set at Rs 400 per sq.ft, which decreased to Rs 335 per sq.ft in 2017. However, there was a significant increase in the following revisions, with the value rising to Rs 500 per sq.ft in both 2023 and 2024, reflecting a 49% increase from 2017 to 2023 and a 0% change from 2023 to 2024. The overall change from 2012 to 2024 is an increase of 25%.

The revisions for the years 2002, 2003, and 2007 have no figures available in the register for this street. Thus, the guideline values for these years remain unspecified.

Guideline values in Naalur

In Naalur village, there are 23 streets under the Ponneri SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 600 per sq.ft, with a median value of Rs 400 per sq.ft. The guideline value for Adiyammapuram is above this median.

• A.M.R.Nagar: Rs 400 per sq.ft (2024)
• Annai Abirami Nagar: Rs 400 per sq.ft (2024)
• Bharathi Nagar: Rs 400 per sq.ft (2024)
• Green Peace: Rs 400 per sq.ft (2024)
• Indhuja Nagar: Rs 500 per sq.ft (2024)
• Jain Nagar: Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in Adiyammapuram

For a 1,000 sq.ft plot at the current guideline value of Rs 500 per sq.ft, the total guideline value would be Rs 5,00,000. The stamp duty at 7% would amount to Rs 35,000, and the registration fee at 2% would be Rs 10,000, bringing the total cost to Rs 45,000. The duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Adiyammapuram?

Adiyammapuram falls under 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 Naalur

The guideline value is a critical factor during property transactions in Naalur, as it determines the minimum value at which properties can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When registering a property, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Adiyammapuram?

The current guideline value of Adiyammapuram is Rs 500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2012 to Rs 335 per sq.ft in 2017, then increased to Rs 500 per sq.ft in both 2023 and 2024. Overall, there has been a 25% increase from 2012 to 2024.

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

For a property valued at Rs 5,00,000, the stamp duty would be Rs 35,000, and the registration fee would be Rs 10,000, totaling Rs 45,000. These fees are based on the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office covers Adiyammapuram?

The Ponneri Sub Registrar Office covers Adiyammapuram, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.

What is the land classification of Adiyammapuram?

Adiyammapuram is classified under Residential Class I Type - I, indicating its suitability for residential development.