Guideline Value for ETTIYAMMAN KOVIL STREET

Ettiyamman Kovil Street guideline value

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

How the guideline value of Ettiyamman Kovil Street has changed

According to the guideline value register, there are no figures available for Ettiyamman Kovil Street for the years 2002, 2003, 2007, 2012, and 2017. The 2023 revision set the guideline value at Rs 300 per sq.ft, which was a change from previous years where no figures were recorded.

With the 2024 revision, the guideline value increased significantly to Rs 700 per sq.ft, marking a change of +133% from the 2023 figure. This increase brings the current value in line with the median guideline value for other streets in Ponneri.

Guideline values in Ponneri

Ponneri village has a total of 120 streets under the Ponneri SRO, with the 2024 guideline values ranging from Rs 201 to Rs 1,200 per sq.ft. The median guideline value is Rs 700 per sq.ft, which is the same as the current value for Ettiyamman Kovil Street.

• Friendship Street: Rs 700 per sq.ft (2024)
• Gajalakshmi Nagar: Rs 900 per sq.ft (2024)
• Durga Nagar: Rs 700 per sq.ft (2024)
• Ganesh Nagar: Rs 700 per sq.ft (2024)
• Dhevattamman Kovil Street: Rs 700 per sq.ft (2024)
• DHEVATTAMMAN KOVIL 3rd STREET: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Ettiyamman 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 or the sale price.

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

Which Sub Registrar Office covers Ettiyamman Kovil Street?

The Ettiyamman Kovil Street falls under the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Ponneri. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in the official records.

When you register a property, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Ettiyamman Kovil Street?

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

How has the guideline value changed over the years?

The guideline value for Ettiyamman Kovil Street was Rs 300 per sq.ft in 2023 and increased to Rs 700 per sq.ft in 2024, marking a change of +133%.

What is the classification of Ettiyamman Kovil Street?

Ettiyamman Kovil Street is classified as Residential Class II Type - I under the Ponneri SRO.

What are the stamp duty rates for properties in Ponneri?

The stamp duty for properties in Ponneri is charged at 7% of the guideline value or sale price, whichever is higher.

Where can I find the Ponneri Sub Registrar Office?

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