Guideline Value for 200 Feet Road, Ponniammanmedu (Ward-24)

200 Feet Road, Ponniammanmedu (Ward-24) guideline value

The current guideline value of 200 Feet Road, Ponniammanmedu (Ward-24) is Rs 3,800 per sq.ft, effective from 1 July 2024. This street is located in Madhavaram village under the Madhavaram SRO and is classified as Commercial Special Type - II.

How the guideline value of 200 Feet Road, Ponniammanmedu (Ward-24) has changed

The guideline value for 200 Feet Road, Ponniammanmedu has remained consistent at Rs 3,800 per sq.ft since the 2023 revision. The 2024 revision also lists the value at Rs 3,800 per sq.ft, indicating no change of 0% between these two years. For the years 2017, 2012, 2007, 2003, and 2002, the register has no figure for this street.

In summary, the revisions for this street show a steady guideline value of Rs 3,800 per sq.ft for both 2023 and 2024, with no figures available for the earlier years mentioned.

Guideline values in Madhavaram

In Madhavaram, there are 1,946 streets under the Madhavaram SRO, with 2024 guideline values ranging from Rs 1,300 to Rs 7,500 per sq.ft. The median guideline value is Rs 1,600 per sq.ft, placing the 2024 figure for 200 Feet Road above this median.

• 200 Feet Road (Ward-30): Rs 3,800 per sq.ft (2024)
• West Thanikachalam Nagar, Ponniammanmedu (Ward-24): Rs 2,700 per sq.ft (2024)
• V.V. Nagar, Lakshmipuram (Ward-26): Rs 1,300 per sq.ft (2024)
• V.V. Nagar: Rs 1,300 per sq.ft (2024)
• V.S. Mani Street (Ward-10): Rs 1,300 per sq.ft (2024)
• V.S. Mani Ring Road Housing Sector: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in 200 Feet Road, Ponniammanmedu (Ward-24)

For a 1,000 sq.ft plot at the current rate of Rs 3,800 per sq.ft, the guideline value amounts to Rs 38,00,000. The stamp duty at 7% would be Rs 2,66,000, and the registration fee at 2% would be Rs 76,000, totaling Rs 3,42,000. 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 200 Feet Road, Ponniammanmedu (Ward-24)?

The Sub Registrar Office that covers 200 Feet Road, Ponniammanmedu (Ward-24) is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more information.

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

The guideline value is a critical factor during property transactions in Madhavaram. It serves as the basis for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, the guideline value helps determine the minimum price at which a property can be registered. This ensures transparency and fairness in property transactions, as all parties are aware of the baseline value set by the authorities.

Frequently asked questions

What is the current guideline value of 200 Feet Road, Ponniammanmedu?

The current guideline value of 200 Feet Road, Ponniammanmedu (Ward-24) is Rs 3,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for 200 Feet Road has remained at Rs 3,800 per sq.ft for both the 2023 and 2024 revisions. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002.

What is the land classification for 200 Feet Road?

200 Feet Road is classified as Commercial Special Type - II, which indicates its suitability for commercial activities.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 38,00,000, the stamp duty would be Rs 2,66,000 and the registration fee would be Rs 76,000, totaling Rs 3,42,000. These fees are based on the guideline value or the sale price, whichever is higher.

Which office handles property registrations for this area?

The Madhavaram Sub Registrar Office handles property registrations for 200 Feet Road, Ponniammanmedu (Ward-24). It is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.