Guideline Value for Dr.SAMBASIVAM STREET

Dr.SAMBASIVAM STREET guideline value

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

How the guideline value of Dr.SAMBASIVAM STREET has changed

The guideline value for Dr.SAMBASIVAM STREET has undergone several revisions over the years. The register has no figure for this street from 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was set at Rs 500 per sq.ft, which increased to Rs 700 per sq.ft in the 2024 revision, marking a change of +40%.

With the 2024 revision, the current rate aligns with the median value for other streets in Ponneri_2. The 2024 figure of Rs 700 per sq.ft reflects a significant increase from the previous year's value of Rs 500 per sq.ft.

Guideline values in Ponneri_2

In Ponneri_2, there are 75 streets under the Ponneri SRO that carry a 2024 guideline value ranging from Rs 700 to Rs 1,300 per sq.ft, with a median of Rs 700 per sq.ft. Dr.SAMBASIVAM STREET's 2024 figure is equal to this median.

• Gandhi Road: Rs 702 per sq.ft (2024)
• Chinnavenbakkam Road: Rs 700 per sq.ft (2024)
• Golden Avenue: Rs 700 per sq.ft (2024)
• Burma Tamizhar Street: Rs 700 per sq.ft (2024)
• Gtm Garden: Rs 702 per sq.ft (2024)
• Hariharan Bazar: Rs 1,200 per sq.ft (2024)

Stamp duty and registration fee for property in Dr.SAMBASIVAM STREET

For a 1,000 sq.ft plot at the current rate of Rs 700 per sq.ft, the guideline value amounts to Rs 7,00,000. The stamp duty at 7% would be 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.

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

Which Sub Registrar Office covers Dr.SAMBASIVAM STREET?

The Sub Registrar Office that covers Dr.SAMBASIVAM 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_2

The guideline value is a crucial factor in property transactions in Ponneri_2, as it determines the minimum value at which a property can be registered. This ensures that the government receives appropriate revenue from property transactions through stamp duty and registration fees.

When buying or selling property, the guideline value serves as a reference point for both buyers and sellers. It helps in assessing the fair value of the property and ensures transparency in the registration process.

Frequently asked questions

What is the current guideline value of Dr.SAMBASIVAM STREET?

The current guideline value of Dr.SAMBASIVAM STREET is Rs 700 per sq.ft, effective from 1 July 2024.

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

The guideline value increased from Rs 500 per sq.ft in 2023 to Rs 700 per sq.ft in 2024, which is a change of +40%.

What is the land classification for Dr.SAMBASIVAM STREET?

Dr.SAMBASIVAM STREET is classified as Residential Class II Type - I.

Where can I find the registration office for Dr.SAMBASIVAM STREET?

The registration office for Dr.SAMBASIVAM STREET is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.

How is the stamp duty calculated for properties in Dr.SAMBASIVAM STREET?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 700 per sq.ft, the total stamp duty would be Rs 49,000.