Guideline Value for Ondicherry (Ondi Colony)

Ondicherry (Ondi Colony) guideline value

The current guideline value for Ondicherry (Ondi Colony) is Rs 1,000 per sq.ft, effective from 1 July 2024. This area is located in Moonramkattalai village under the Kunrathur SRO, with a land classification of Residential Special Type - II.

How the guideline value of Ondicherry (Ondi Colony) has changed

Over the years, the guideline value for Ondicherry (Ondi Colony) has seen several revisions. In the 2012 revision, the value was set at Rs 900 per sq.ft, which then decreased to Rs 603 per sq.ft in the 2017 revision. The 2023 revision raised the value to Rs 900 per sq.ft, and the most recent 2024 revision increased it further to Rs 1,000 per sq.ft. The register has no figure for this street in the years 2002, 2003, and 2007.

From 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the value increased significantly by 49%. The overall change from 2012 to 2024 shows an increase of 11% in the guideline value.

Guideline values in Moonramkattalai

In Moonramkattalai, there are 43 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 650 to Rs 2,750 per sq.ft, with a median value of Rs 650 per sq.ft. The guideline value for Ondicherry (Ondi Colony) is above this median.

• Pillaiyar koil Street: Rs 650 per sq.ft (2024)
• Poniyamman Koil Street: Rs 650 per sq.ft (2024)
• Poniyamman Koil Street/santhu: Rs 650 per sq.ft (2024)
• Pooja Avenue Annex: Rs 2,750 per sq.ft (2024)
• Moondramkattalai Main Road: Rs 1,350 per sq.ft (2024)
• Moogambikai Nagar: Rs 1,350 per sq.ft (2024)

Stamp duty and registration fee for property in Ondicherry (Ondi Colony)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value would be Rs 10,00,000. The stamp duty at 7% would amount to Rs 70,000, while the registration fee at 2% would be Rs 20,000, bringing the total to Rs 90,000. 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 Ondicherry (Ondi Colony)?

The Sub Registrar Office that covers Ondicherry (Ondi Colony) is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Moonramkattalai. It is used to determine the stamp duty and registration fees that must be paid during the transaction.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Ondicherry (Ondi Colony)?

The current guideline value of Ondicherry (Ondi Colony) is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 900 per sq.ft in 2012 to Rs 603 per sq.ft in 2017, then increased to Rs 900 per sq.ft in 2023, and finally to Rs 1,000 per sq.ft in 2024.

What is the land classification for Ondicherry (Ondi Colony)?

Ondicherry (Ondi Colony) is classified as Residential Special Type - II.

What are the stamp duty and registration fees for property transactions?

Stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, while the registration fee is 2% of the guideline value or sale price.

Where is the Kunrathur Sub Registrar Office located?

The Kunrathur Sub Registrar Office is located at No.59, Road Street, Kundrathur, Chennai -600 069.