Guideline Value for CHINNAVENBAKKAM ROAD

Chinnavenbakkam Road guideline value

The current guideline value of Chinnavenbakkam Road is Rs 700 per sq.ft, effective from 1 July 2024. This road is located in Ponneri_2 village under the Ponneri SRO and is classified as Residential Class II Type - I.

How the guideline value of Chinnavenbakkam Road has changed

The guideline value for Chinnavenbakkam Road has undergone several revisions over the years. The register has no figures for the years 2002, 2003, 2007, 2012, and 2017. In 2023, the guideline value was Rs 600 per sq.ft, which increased to Rs 700 per sq.ft in the 2024 revision, marking a change of +17%.

With the 2024 revision, Chinnavenbakkam Road's guideline value aligns with the median value of Rs 700 per sq.ft for 75 streets in Ponneri_2 under the Ponneri SRO, which range from Rs 700 to Rs 1,300 per sq.ft.

Guideline values in Ponneri_2

In Ponneri_2, the guideline values for various streets reflect a range with a median of Rs 700 per sq.ft. Chinnavenbakkam Road's 2024 figure is equal to this median. The following are other streets in Ponneri_2:

• Burma Tamizhar Street: Rs 700 per sq.ft (2024)
• Bharathi Nagar: Rs 700 per sq.ft (2024)
• Dr.SAMBASIVAM STREET: Rs 700 per sq.ft (2024)
• Balan Nagar: Rs 700 per sq.ft (2024)
• Balammal Street: Rs 702 per sq.ft (2024)
• Balammal Nagar: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Chinnavenbakkam Road

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, bringing the total to Rs 63,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Chinnavenbakkam Road?

The Sub Registrar Office that covers Chinnavenbakkam Road 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 details.

How the guideline value is used when you buy or sell in Ponneri_2

The guideline value plays a crucial role in the registration process of property transactions in Ponneri_2. It determines the amount of stamp duty and registration fees that must be paid when buying or selling property in the area.

When a property is registered, the guideline value is used to calculate these fees, ensuring that they are based on a standardized value set by the authorities. This helps maintain transparency and consistency in property transactions.

Frequently asked questions

What is the current guideline value of Chinnavenbakkam Road?

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

How has the guideline value changed over the years?

The guideline value for Chinnavenbakkam Road has changed from Rs 600 per sq.ft in 2023 to Rs 700 per sq.ft in 2024, reflecting a +17% increase. There are no available figures for the years 2002, 2003, 2007, 2012, and 2017.

What are the other streets in Ponneri_2 with similar guideline values?

Other streets in Ponneri_2 with a guideline value of Rs 700 per sq.ft in 2024 include Burma Tamizhar Street, Bharathi Nagar, Dr.SAMBASIVAM STREET, Balan Nagar, and Balammal Nagar. Balammal Street has a slightly higher guideline value of Rs 702 per sq.ft.

What is the stamp duty rate for properties in Chinnavenbakkam Road?

The stamp duty rate for properties in Chinnavenbakkam Road is 7%. This is calculated based on the higher of the guideline value or the sale price of the property.

Where can I find the Sub Registrar Office for Chinnavenbakkam Road?

The Sub Registrar Office for Chinnavenbakkam Road is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find more details online.