Guideline Value for Baharathiyar Street /Ponni Nagar

Baharathiyar Street /Ponni Nagar guideline value

The current guideline value for Baharathiyar Street /Ponni Nagar is Rs 1,760 per sq.ft, effective from 1 July 2024. This street is located in Pammal village, under the Pammal SRO, and is classified as Residential Class III Type - II.

How the guideline value of Baharathiyar Street /Ponni Nagar has changed

The guideline value for Baharathiyar Street /Ponni Nagar has seen significant changes over the years. Starting from Rs 177 per sq.ft in 2002, it rose to Rs 201 per sq.ft in 2003, marking a 14% increase. The value then increased to Rs 260 per sq.ft in 2007, reflecting a 29% rise. By 2017, the guideline value had jumped to Rs 1,072 per sq.ft, a substantial increase of 312%. In 2023, the value was Rs 1,600 per sq.ft, which was a 49% increase from the previous revision. The latest revision in 2024 set the value at Rs 1,760 per sq.ft, showing a 10% increase from 2023.

It is important to note that there is no figure available for the year 2012 in the register for this street. Overall, from 2002 to 2024, the guideline value has increased by 894%.

Guideline values in Pammal

Pammal village has a total of 926 streets under the Pammal SRO, with guideline values ranging from Rs 880 to Rs 3,300 per sq.ft as of 2024. The median guideline value in this area is Rs 2,090 per sq.ft, placing Baharathiyar Street /Ponni Nagar's 2024 figure below the median.

• Baharathiyar Street / Near Pammal Main Road: Rs 1,760 per sq.ft (2024)
• Baharathiyar Street / Prasanthi Nagar: Rs 1,760 per sq.ft (2024)
• Baharathiyar Street / Hindustan Lever Colony: Rs 2,530 per sq.ft (2024)
• Baharathiyar Street / Sholavaram Nagar: Rs 1,760 per sq.ft (2024)
• Baharathiyar Street /VOC Nagar: Rs 2,750 per sq.ft (2024)
• Babu Street, Sambandhanar Nagar: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Baharathiyar Street /Ponni Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,760 per sq.ft, the total guideline value would be Rs 17,60,000. The stamp duty at 7% would be Rs 1,23,200, and the registration fee at 2% would be Rs 35,200, bringing the total to Rs 1,58,400. It is important to note that the stamp duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Baharathiyar Street /Ponni Nagar?

The Sub Registrar Office that covers Baharathiyar Street /Ponni Nagar is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor in property transactions in Pammal. It serves as a reference point for determining the stamp duty and registration fees that buyers must pay during the property registration process. This value is established by the government and is periodically revised to reflect changes in the real estate market.

When buying or selling property, it is crucial to consider the guideline value, as it can influence the overall costs involved in the transaction. Buyers should ensure that they are aware of the current guideline value to avoid any surprises during the registration process.

Frequently asked questions

What is the current guideline value for Baharathiyar Street /Ponni Nagar?

The current guideline value for Baharathiyar Street /Ponni Nagar is Rs 1,760 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 177 per sq.ft in 2002 to Rs 1,760 per sq.ft in 2024, representing an overall increase of 894% over the years.

What is the median guideline value in Pammal?

The median guideline value in Pammal is Rs 2,090 per sq.ft, which is above the current value for Baharathiyar Street /Ponni Nagar.

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

The stamp duty is charged at 7% of the guideline value or sale price, while the registration fee is 2%. For a 1,000 sq.ft plot, the total costs can amount to Rs 1,58,400.

Which office handles property registrations for Baharathiyar Street /Ponni Nagar?

The Pammal Sub Registrar Office handles property registrations for Baharathiyar Street /Ponni Nagar, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.