Guideline Value for BALAMMAL STREET

Balammal Street guideline value

The current guideline value of Balammal Street in Ponneri village, under the Ponneri SRO, is Rs 700 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class II Type - I land classification.

How the guideline value of Balammal Street has changed

In the 2012 revision, the guideline value for Balammal Street was Rs 500 per sq.ft. This figure increased to Rs 469 per sq.ft in the 2017 revision, marking a decrease of 6%. However, from 2017 to 2023, the value saw a significant increase of 49%, bringing it to Rs 700 per sq.ft. The 2023 to 2024 revision saw no change, keeping the value at Rs 700 per sq.ft. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 40%. The current value of Rs 700 per sq.ft aligns with the median guideline value for the 120 streets in Ponneri under the Ponneri SRO, which ranges from Rs 201 to Rs 1,200 per sq.ft.

Guideline values in Ponneri

In Ponneri, there are 120 streets under the Ponneri SRO, with the 2024 guideline values ranging from Rs 201 to Rs 1,200 per sq.ft. Balammal Street's 2024 figure of Rs 700 per sq.ft is equal to the median value for the area.

• Balammal Nagar: Rs 700 per sq.ft (2024)
• Balan Nagar: Rs 700 per sq.ft (2024)
• Balaji Nagar Virivakkam: Rs 700 per sq.ft (2024)
• Balavinayagam Kovil Street: Rs 700 per sq.ft (2024)
• Barma Nagar / Anna Nagar: Rs 700 per sq.ft (2024)
• Balaji Nagar: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Balammal 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, making the total fees Rs 63,000. 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 for more details.

Which Sub Registrar Office covers Balammal Street?

The Sub Registrar Office that covers Balammal Street is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204, in the 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 is a crucial factor in the registration process of property transactions in Ponneri. It is used to determine the stamp duty and registration fees applicable when buying or selling property in the area.

When a property is registered, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the registration reflects the correct value of the property being transacted.

Frequently asked questions

What is the current guideline value of Balammal Street?

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

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2012 to Rs 700 per sq.ft in 2024, with a notable increase of 49% from 2017 to 2023.

What is the land classification of Balammal Street?

Balammal Street is classified as Residential Class II Type - I.

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.

How is stamp duty calculated for properties in Balammal Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at Rs 700 per sq.ft, the stamp duty would be Rs 49,000.