Guideline Value for DHEVATTAMMAN KOVIL 3rd STREET

DHEVATTAMMAN KOVIL 3rd STREET guideline value

The current guideline value of DHEVATTAMMAN KOVIL 3rd STREET is Rs 700 per sq.ft, effective from 1 July 2024. This street is located in Ponneri village under the Ponneri SRO and is classified as Residential Class II Type - I.

How the guideline value of DHEVATTAMMAN KOVIL 3rd STREET has changed

The guideline value for DHEVATTAMMAN KOVIL 3rd STREET has undergone significant changes over the years. The register has no figure for this street for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was Rs 300 per sq.ft, which increased to Rs 700 per sq.ft in the 2024 revision, marking a change of +133%.

Thus, the 2024 guideline value of Rs 700 per sq.ft is a notable increase from the previous year's figure of Rs 300 per sq.ft. This value aligns with the median guideline value for Ponneri, which also stands at Rs 700 per sq.ft.

Guideline values in Ponneri

In Ponneri, there are 120 streets under the Ponneri SRO that carry a 2024 guideline value ranging from Rs 201 to Rs 1,200 per sq.ft. The median value is Rs 700 per sq.ft, which is the same as the guideline value for DHEVATTAMMAN KOVIL 3rd STREET. Below are other streets in Ponneri:

• DHEVATTAMMAN KOVIL 2nd STREET: Rs 700 per sq.ft (2024)
• Dhevattamman Kovil Street: Rs 700 per sq.ft (2024)
• DHEVATTAMMAN KOVIL 1st STREET: Rs 700 per sq.ft (2024)
• Dharmalinga Mudali Street: Rs 900 per sq.ft (2024)
• Dharga Road: Rs 700 per sq.ft (2024)
• Dharani Nagar: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in DHEVATTAMMAN KOVIL 3rd 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, while the registration fee at 2% would be Rs 14,000. Together, the total fees would be Rs 63,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers DHEVATTAMMAN KOVIL 3rd STREET?

The Sub Registrar Office that covers DHEVATTAMMAN KOVIL 3rd STREET is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. 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 when buying or selling property in Ponneri. It is used to determine the stamp duty and registration fees applicable to the transaction. Buyers and sellers should be aware that the guideline value is an essential factor in the registration process.

When a property is sold, the guideline value helps ensure that the transaction is recorded accurately, reflecting the value of the property as per the government’s assessment. This helps maintain transparency in real estate transactions within the region.

Frequently asked questions

What is the current guideline value of DHEVATTAMMAN KOVIL 3rd STREET?

The current guideline value of DHEVATTAMMAN KOVIL 3rd STREET is Rs 700 per sq.ft, effective from 1 July 2024.

How much did the guideline value change from 2023 to 2024?

The guideline value changed from Rs 300 per sq.ft in 2023 to Rs 700 per sq.ft in 2024, representing an increase of +133%.

What is the land classification of DHEVATTAMMAN KOVIL 3rd STREET?

DHEVATTAMMAN KOVIL 3rd STREET is classified as Residential Class II Type - I.

Which office handles property registrations for this street?

The Ponneri Sub Registrar Office handles property registrations for DHEVATTAMMAN KOVIL 3rd STREET, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.

How is the stamp duty calculated for properties in Ponneri?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. The current rate is 7% for stamp duty and 2% for the registration fee.