Guideline Value for DHEVATTAMMAN KOVIL STREET

Dhevattamman Kovil Street guideline value

The current guideline value of Dhevattamman Kovil 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 Dhevattamman Kovil Street has changed

The guideline value for Dhevattamman Kovil Street has seen significant changes over the years. The register does not provide figures for the years 2002, 2003, 2007, 2012, and 2017. In 2023, the guideline value was set at Rs 300 per sq.ft, and with the 2024 revision, it increased to Rs 700 per sq.ft, marking a change of +133%.

The 2024 revision aligns Dhevattamman Kovil Street's value with the median guideline value of Rs 700 per sq.ft for the 120 streets in Ponneri under the Ponneri SRO. The previous revision in 2023 was Rs 300 per sq.ft, indicating a substantial increase in the guideline value in the latest revision.

Guideline values in Ponneri

Ponneri village has a range of guideline values, with figures for various streets ranging from Rs 201 to Rs 1,200 per sq.ft. Dhevattamman Kovil Street's 2024 guideline value of Rs 700 per sq.ft is equal to the median for the area.

• DHEVATTAMMAN KOVIL 3rd STREET: Rs 700 per sq.ft (2024)
• DHEVATTAMMAN KOVIL 2nd 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 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, bringing the total fees to Rs 63,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Dhevattamman Kovil Street?

The Sub Registrar Office that covers Dhevattamman Kovil 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 during the registration of property transactions in Ponneri. It is used to calculate the stamp duty and registration fees, which are mandatory for property registration.

When buying or selling property, the guideline value serves as a benchmark for determining the minimum value at which the property can be registered. This ensures transparency and helps in the collection of appropriate taxes by the government.

Frequently asked questions

What is the current guideline value of Dhevattamman Kovil Street?

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

What was the guideline value in 2023?

The guideline value for Dhevattamman Kovil Street in 2023 was Rs 300 per sq.ft.

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

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

What is the land classification for Dhevattamman Kovil Street?

Dhevattamman Kovil Street is classified as Residential Class II Type - I.

Where is the Ponneri Sub Registrar Office located?

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