Guideline Value

Corporate

Guideline Value for GLOBAL CITY PHASE-I

₹100/sq.ft.

The guideline value for Global City Phase-i in Voyalur village (Ponneri SRO, Chennai zone) is Rs 100 per sq.ft, effective 1 July 2024. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Voyalur

Village

Ponneri

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹100 /sq.ft.
From 1-4-2023 ₹100 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹67 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

9/5,taluk Office Road, Ponneri, Chennai-601204
044-27974517
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]

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Global City Phase-I guideline value

The current guideline value for Global City Phase-I is Rs 100 per sq.ft, effective from 1 July 2024. This property is located in Voyalur village under the Ponneri Sub Registrar Office (SRO) and falls under the Residential Class II Type - I land classification.

How the guideline value of Global City Phase-I has changed

Over the years, the guideline value for Global City Phase-I has seen several revisions. The register shows that the guideline value was Rs 67 per sq.ft in 2017. This figure remained unchanged at Rs 100 per sq.ft during the 2023 revision and continued at the same rate in the 2024 revision, reflecting a 49% increase from the 2017 figure to the 2024 figure.

It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. The current guideline value of Rs 100 per sq.ft in 2024 indicates a stable position since the last revision in 2023.

Guideline values in Voyalur

In Voyalur, there are 17 streets under the Ponneri SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 150 per sq.ft, with the median being Rs 100 per sq.ft. The guideline value for Global City Phase-I is equal to this median.

Stamp duty and registration fee for property in Global City Phase-I

For a 1,000 sq.ft plot at the current guideline value of Rs 100 per sq.ft, the total guideline value would be Rs 1,00,000. The stamp duty at 7% would amount to Rs 7,000, and the registration fee at 2% would be Rs 2,000, making the total charges Rs 9,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For further details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Global City Phase-I?

The Sub Registrar Office that covers Global City Phase-I 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 Voyalur

The guideline value is a crucial factor during the registration of property transactions in Voyalur. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that these costs are based on a standardized value set by the government.

When buying or selling property, the guideline value helps both parties understand the minimum value at which the property should be registered. This transparency aids in preventing undervaluation and ensures compliance with legal requirements during the transaction process.

Frequently asked questions

What is the current guideline value for Global City Phase-I?

The current guideline value for Global City Phase-I is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2017, the guideline value has increased by 49%, moving from Rs 67 per sq.ft to Rs 100 per sq.ft in 2024. The value remained unchanged from 2023 to 2024.

What are the guideline values for other streets in Voyalur?

In Voyalur, other streets have varying guideline values ranging from Rs 100 to Rs 150 per sq.ft. For example, Globel City, Green City, and Hindustan Nagar have a guideline value of Rs 126 per sq.ft in 2024.

What are the stamp duty and registration fees for property in Global City Phase-I?

The stamp duty for a property valued at Rs 1,00,000 would be Rs 7,000, while the registration fee would be Rs 2,000, totaling Rs 9,000. These fees are based on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Global City Phase-I located?

The Ponneri Sub Registrar Office, which covers Global City Phase-I, is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. This office handles all registrations for properties in the area.