Guideline Value for Pondicherry Road

Pondicherry Road guideline value

The current guideline value of Pondicherry Road is Rs 6,600 per sq.ft, effective from 1 July 2024. This road is located in Adayar village, under the Adayar SRO, and falls under the Residential Class I Type - I land classification.

How the guideline value of Pondicherry Road has changed

The guideline value for Pondicherry Road has seen several revisions over the years. In 2007, the value was Rs 2,500 per sq.ft, which increased significantly to Rs 6,000 per sq.ft in 2012, marking a 140% rise. However, it then decreased to Rs 4,020 per sq.ft in 2017, a drop of 33%. The value rose again to Rs 6,000 per sq.ft in 2023, and the latest revision in 2024 has set it at Rs 6,600 per sq.ft, reflecting a 10% increase from the previous year.

There are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 164%.

Guideline values in Adayar

In Adayar, there are 92 streets under the Adayar SRO with a 2024 guideline value ranging from Rs 3,300 to Rs 15,400 per sq.ft. The median value is Rs 6,100 per sq.ft, placing Pondicherry Road's 2024 figure above this median.

• Ponni Ammal Kovil Street: Rs 6,600 per sq.ft (2024)
• Pillaiyar Kovil Street: Rs 5,000 per sq.ft (2024)
• Race Course Extension 2nd Street: Rs 6,600 per sq.ft (2024)
• Race Course Extension Colony 1st Street: Rs 6,600 per sq.ft (2024)
• Race Course Road: Rs 9,400 per sq.ft (2024)
• Race View Road: Rs 9,400 per sq.ft (2024)

Stamp duty and registration fee for property in Pondicherry Road

For a 1,000 sq.ft plot at the current guideline value of Rs 6,600 per sq.ft, the total guideline value amounts to Rs 66,00,000. The stamp duty at 7% would be Rs 4,62,000, and the registration fee at 2% would be Rs 1,32,000, resulting in a total of Rs 5,94,000. 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 to estimate costs for your property transactions.

Which Sub Registrar Office covers Pondicherry Road?

Pondicherry Road falls under the jurisdiction of the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. For more information, you can find your SRO.

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

The guideline value is a crucial factor in property transactions in Adayar, as it determines the minimum price at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices, as it affects the stamp duty and registration fees payable during the transaction.

When registering a property, the guideline value ensures that the transaction reflects the market conditions and helps in maintaining transparency in property dealings. It is essential for both buyers and sellers to be aware of the current guideline value to make informed decisions.

Frequently asked questions

What is the current guideline value of Pondicherry Road?

The current guideline value of Pondicherry Road is Rs 6,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,500 per sq.ft in 2007 to Rs 6,600 per sq.ft in 2024, showing an overall increase of 164%.

What is the registration fee for property in Pondicherry Road?

The registration fee for property in Pondicherry Road is calculated at 2% of the guideline value or sale price, whichever is higher.

Where is the Adayar Sub Registrar Office located?

The Adayar Sub Registrar Office is located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.

How is stamp duty calculated for properties in Adayar?

Stamp duty in Adayar is calculated at 7% of the guideline value or sale price, whichever is higher, along with a registration fee of 2%.