Guideline Value for ABDUL KALAM NAGAR

Abdul Kalam Nagar guideline value

The current guideline value of Abdul Kalam Nagar is Rs 1,200 per sq.ft, effective from 1 July 2024. This area is located in Ponneri village and falls under the Ponneri SRO. The land classification for this street is Residential Special Type - I.

How the guideline value of Abdul Kalam Nagar has changed

The guideline value for Abdul Kalam Nagar has seen significant changes over the years. As per the register, there are no figures available for the years 2002, 2003, 2007, 2012, and 2017. The 2023 revision set the guideline value at Rs 700 per sq.ft, which was then increased to Rs 1,200 per sq.ft in the 2024 revision, marking a change of +71%.

Prior to the 2023 revision, the guideline value for this street was not recorded in the register. The 2024 figure of Rs 1,200 per sq.ft is above the median value of Rs 700 per sq.ft for the 120 streets in Ponneri that carry a 2024 figure.

Guideline values in Ponneri

In Ponneri, the guideline values range from Rs 201 to Rs 1,200 per sq.ft as of the 2024 revision. Abdul Kalam Nagar is positioned above the median value of Rs 700 per sq.ft. Below are the guideline values for other streets in Ponneri:

• Abdhulkalam Nagar: Rs 1,200 per sq.ft (2024)
• Abdhul Hajik Sayabu Street: Rs 700 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 Abdul Kalam Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,200 per sq.ft, the total guideline value amounts to Rs 12,00,000. The stamp duty at 7% would be Rs 84,000, and the registration fee at 2% would be Rs 24,000, bringing the total to Rs 1,08,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Abdul Kalam Nagar?

The Sub Registrar Office that covers Abdul Kalam Nagar is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial component in the registration process when buying or selling property in Ponneri. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, 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 correct amount based on the property's value.

Frequently asked questions

What is the current guideline value of Abdul Kalam Nagar?

The current guideline value of Abdul Kalam Nagar is Rs 1,200 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed from 2023 to 2024?

The guideline value increased from Rs 700 per sq.ft in 2023 to Rs 1,200 per sq.ft in 2024, marking a change of +71%.

What is the median guideline value for streets in Ponneri?

The median guideline value for the 120 streets in Ponneri is Rs 700 per sq.ft as of the 2024 revision.

Where is the Ponneri Sub Registrar Office located?

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

How is the stamp duty calculated for property in Abdul Kalam Nagar?

Stamp duty is calculated at 7% on the higher of the guideline value or the sale price. For example, for a property with a guideline value of Rs 12,00,000, the stamp duty would be Rs 84,000.