Guideline Value for K.K. PONNURANGAM SALAI CROSS STREET

K.K. Ponnurangam Salai Cross Street guideline value

The current guideline value of K.K. Ponnurangam Salai Cross Street is Rs 3,100 per sq.ft, effective from 1 July 2024. This street is located in Ramapuram village, under the Chennai South Joint II SRO, with a land classification of Residential Class II Type - I.

How the guideline value of K.K. Ponnurangam Salai Cross Street has changed

The guideline value for K.K. Ponnurangam Salai Cross Street has seen several revisions over the years. In 2003, the value was Rs 377 per sq.ft, which increased to Rs 1,100 per sq.ft in 2007. The value then rose significantly to Rs 2,800 per sq.ft in 2012, before dropping to Rs 1,876 per sq.ft in 2017. Following this, the value increased to Rs 2,800 per sq.ft in 2023, and currently stands at Rs 3,100 per sq.ft as of the 2024 revision, marking an 11% increase from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 722%. Notably, there is no figure available for the year 2002 in the register for this street.

Guideline values in Ramapuram

In Ramapuram, there are 394 streets under the Chennai South Joint II SRO, with 2024 guideline values ranging from Rs 1,950 to Rs 6,600 per sq.ft. The median value is Rs 3,100 per sq.ft, which is equal to the current guideline value of K.K. Ponnurangam Salai Cross Street.

• K.K.Ponnrangam Naicken Salai: Rs 3,550 per sq.ft (2024)
• Kogila Garden Road: Rs 3,100 per sq.ft (2024)
• Kokila Garden (S.No.55/2): Rs 3,100 per sq.ft (2024)
• Kokkan Street: Rs 2,750 per sq.ft (2024)
• Kothari Nagar & 1 To 5th Street: Rs 4,400 per sq.ft (2024)
• Kothari Nagar 1 to 9 Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in K.K. Ponnurangam Salai Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,100 per sq.ft, the total guideline value amounts to Rs 31,00,000. The stamp duty at 7% would be Rs 2,17,000, and the registration fee at 2% would be Rs 62,000, bringing the total to Rs 2,79,000. Please 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 details.

Which Sub Registrar Office covers K.K. Ponnurangam Salai Cross Street?

The Sub Registrar Office that covers K.K. Ponnurangam Salai Cross Street is the Chennai South Joint II Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.

You can find your SRO for more information.

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

The guideline value is an important factor in the registration process when buying or selling property in Ramapuram. It serves as a benchmark for determining the stamp duty and registration fees, which are calculated based on this value or the sale price, whichever is higher.

When engaging in property transactions, it is essential to be aware of the current guideline value to ensure compliance with local regulations and to understand the financial implications of the sale or purchase.

Frequently asked questions

What is the current guideline value of K.K. Ponnurangam Salai Cross Street?

The current guideline value of K.K. Ponnurangam Salai Cross Street is Rs 3,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 377 per sq.ft in 2003 to Rs 3,100 per sq.ft in 2024, reflecting an overall increase of 722% over this period.

What is the stamp duty rate for property in K.K. Ponnurangam Salai Cross Street?

The stamp duty rate for property in K.K. Ponnurangam Salai Cross Street is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for K.K. Ponnurangam Salai Cross Street?

The Sub Registrar Office for K.K. Ponnurangam Salai Cross Street is the Chennai South Joint II Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.

What is the land classification for K.K. Ponnurangam Salai Cross Street?

The land classification for K.K. Ponnurangam Salai Cross Street is Residential Class II Type - I.