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Guideline Value

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Guideline Value for K.G.L.PRABU NAGAR(I.II,III,)

₹550/sq.ft.

The guideline value for K.g.l.prabu Nagar(i.ii,iii,) in Minjur village (Ponneri SRO, Chennai zone) is Rs 550 per sq.ft, effective 1 July 2024. It was Rs 500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Minjur

Village

Ponneri

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹550 /sq.ft.
From 1-4-2023 ₹500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹335 /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]
Records for a plot on K.g.l.prabu Nagar(i.ii,iii,)

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K.G.L.Prabu Nagar(I.II,III,) guideline value

The current guideline value of K.G.L.Prabu Nagar(I.II,III,) is Rs 550 per sq.ft, effective from 1 July 2024. This street is located in Minjur village under the Ponneri Sub Registrar Office (SRO). The land classification for this area is Residential Class II Type - I.

How the guideline value of K.G.L.Prabu Nagar(I.II,III,) has changed

The guideline value for K.G.L.Prabu Nagar has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 550 per sq.ft, an increase from Rs 500 per sq.ft in 2023, marking a change of +10%. Prior to that, in 2017, the guideline value was Rs 335 per sq.ft, which means there was a significant increase of +49% from 2017 to 2023. Overall, from 2017 to 2024, the increase is +64%.

It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Minjur

In Minjur, there are 179 streets under the Ponneri SRO that carry a 2024 guideline value, ranging from Rs 440 to Rs 1,320 per sq.ft. The median value for these streets is Rs 550 per sq.ft, which is equal to the 2024 figure for K.G.L.Prabu Nagar.

Stamp duty and registration fee for property in K.G.L.Prabu Nagar(I.II,III,)

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value amounts to Rs 5,50,000. The stamp duty at 7% would be Rs 38,500, and the registration fee at 2% would be Rs 11,000, bringing the total cost for these fees to Rs 49,500. 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 information.

Which Sub Registrar Office covers K.G.L.Prabu Nagar(I.II,III,)?

The K.G.L.Prabu Nagar(I.II,III,) area is covered by the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. For more details, you can find your SRO.

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

The guideline value is a critical factor when registering property in Minjur. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction process.

When you buy or sell property, the guideline value ensures that the transaction is recorded at a fair value, which is essential for legal and taxation purposes. This value is used to calculate the fees associated with the registration of the property.

Frequently asked questions

What is the current guideline value of K.G.L.Prabu Nagar?

The current guideline value of K.G.L.Prabu Nagar(I.II,III,) is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 335 per sq.ft in 2017 to Rs 550 per sq.ft in 2024, reflecting an overall increase of +64% over this period.

What is the land classification for K.G.L.Prabu Nagar?

The land classification for K.G.L.Prabu Nagar is Residential Class II Type - I.

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.

How is stamp duty calculated for properties in K.G.L.Prabu Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 5,50,000, the stamp duty at 7% would be Rs 38,500.