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 street is located in Kottur village and falls under the Adayar SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Pondicherry Road has changed

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

Overall, from 2007 to 2024, the guideline value has increased by 164%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Kottur

Kottur village features a range of guideline values across its 114 streets under the Adayar SRO, with the 2024 figures ranging from Rs 3,300 to Rs 15,400 per sq.ft. The median guideline value in this area is Rs 6,100 per sq.ft, placing Pondicherry Road's 2024 figure above this median.

• Ponniyamman Koil Street: Rs 6,600 per sq.ft (2024)
• Perumal Koil Street: Rs 6,100 per sq.ft (2024)
• Perumal Koil Lane: Rs 5,000 per sq.ft (2024)
• Perumal Koil 1st Street: Rs 5,000 per sq.ft (2024)
• Peeliyamman Koil Street (Yerri Karai Street): Rs 6,100 per sq.ft (2024)
• Rajiv Gandhi Avenue: Rs 5,000 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, bringing the total fees together to 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.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Pondicherry Road?

The Sub Registrar Office that covers Pondicherry Road is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Kottur. It serves as a benchmark for determining 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 amount is used to calculate the applicable duties. This ensures that the government collects the appropriate fees based on the value of the property being transferred.

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% over the years.

What is the stamp duty rate for property on Pondicherry Road?

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

Where is the Sub Registrar Office for Pondicherry Road located?

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

What are the other streets in Kottur and their guideline values?

Other streets in Kottur include Ponniyamman Koil Street at Rs 6,600 per sq.ft, Perumal Koil Street at Rs 6,100 per sq.ft, and several others with varying values.