Guideline Value for ABDHUL HAJIK SAYABU STREET

Abdhul Hajik Sayabu Street guideline value

The current guideline value of Abdhul Hajik Sayabu Street is Rs 700 per sq.ft. This street is located in Ponneri village, under the Ponneri SRO, and falls under the Residential Class II Type - I land classification.

How the guideline value of Abdhul Hajik Sayabu Street has changed

According to the guideline value register, there are no figures available for Abdhul Hajik Sayabu Street for the years 2002, 2003, 2007, 2012, and 2017. The 2023 revision set the guideline value at Rs 300 per sq.ft, which was then increased to Rs 700 per sq.ft in the 2024 revision, marking a significant change of +133%.

The 2024 revision is the most recent update, effective from 1 July 2024. This increase reflects a change in the valuation of properties in the area, aligning with the median value of Rs 700 per sq.ft for other streets in Ponneri.

Guideline values in Ponneri

Ponneri village has a total of 120 streets under the Ponneri SRO, with guideline values ranging from Rs 201 to Rs 1,200 per sq.ft. The guideline value of Abdhul Hajik Sayabu Street for 2024 is equal to the median value of Rs 700 per sq.ft.

• Abdhulkalam Nagar: Rs 1,200 per sq.ft (2024)
• Abdul Kalam Nagar: Rs 1,200 per sq.ft (2024)
• Aarumuga Mudaliyar Nagar Extention: Rs 600 per sq.ft (2024)
• Aaladu Road: Rs 900 per sq.ft (2024)
• Aadhivasikal Colony: Rs 700 per sq.ft (2024)
• Aadhilakshmi Nagar: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Abdhul Hajik Sayabu Street

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total guideline value would be Rs 7,00,000. The stamp duty at 7% would amount to Rs 49,000, and the registration fee at 2% would be Rs 14,000, leading to a total of Rs 63,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Abdhul Hajik Sayabu Street?

The Sub Registrar Office that covers Abdhul Hajik Sayabu Street is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204, Chennai registration zone.

You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Ponneri. It is used to determine the stamp duty and registration fees that are applicable at the time of registration.

When a property is sold, the guideline value is often considered the minimum value for taxation purposes, ensuring that the state collects the appropriate fees based on the property’s worth as per the register.

Frequently asked questions

What is the current guideline value of Abdhul Hajik Sayabu Street?

The current guideline value of Abdhul Hajik Sayabu Street is Rs 700 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

From the 2023 revision to the 2024 revision, the guideline value increased from Rs 300 per sq.ft to Rs 700 per sq.ft, which is a change of +133%.

What is the land classification for Abdhul Hajik Sayabu Street?

Abdhul Hajik Sayabu Street is classified as Residential Class II Type - I according to the guideline value register.

Where can I find the Ponneri Sub Registrar Office?

The Ponneri Sub Registrar Office is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204, Chennai registration zone.

How is stamp duty calculated for properties in Ponneri?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, if the guideline value is Rs 7,00,000, the stamp duty would be calculated at 7% of that amount.