Guideline Value for KALLUKADAI MEDU

Kallukadai Medu guideline value

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

How the guideline value of Kallukadai Medu has changed

The guideline value for Kallukadai Medu has undergone several revisions over the years. The most recent revision, effective from 1 July 2024, set the value at Rs 700 per sq.ft, which is an increase of 40% from the previous year's figure of Rs 500 per sq.ft established in the 2023 revision. The register has no figure for this street for the years 2017, 2012, 2007, 2003, and 2002.

In summary, the guideline value has changed from Rs 500 per sq.ft in 2023 to Rs 700 per sq.ft in 2024. The earlier revisions do not provide any figures for Kallukadai Medu, indicating that the guideline value was not established for those years.

Guideline values in Ponneri_2

Ponneri_2 village has a range of guideline values across its 75 streets under the Ponneri SRO, with values ranging from Rs 700 to Rs 1,300 per sq.ft. The median guideline value for the area is Rs 700 per sq.ft, placing Kallukadai Medu at the median level for 2024.

• Kamakotty Nagar: Rs 700 per sq.ft (2024)
• Kamarajar Street: Rs 700 per sq.ft (2024)
• Kannaiah Nagar: Rs 700 per sq.ft (2024)
• Jayammal Nagar: Rs 700 per sq.ft (2024)
• Karhtick Nagar: Rs 700 per sq.ft (2024)
• Karikrishna Bhatacharya St: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Kallukadai Medu

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total 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 fees 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 details.

Which Sub Registrar Office covers Kallukadai Medu?

Kallukadai Medu falls under the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. To find your SRO, you can visit find your SRO.

How the guideline value is used when you buy or sell in Ponneri_2

The guideline value is a crucial factor during the registration of property transactions in Ponneri_2. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

When buying or selling property, the guideline value helps in determining the minimum value at which a property can be registered. This value may influence negotiations between buyers and sellers, as it reflects the official valuation set by the authorities.

Frequently asked questions

What is the current guideline value for Kallukadai Medu?

The current guideline value for Kallukadai Medu is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 500 per sq.ft in 2023 to Rs 700 per sq.ft in 2024, marking a 40% increase. The register has no figures for the years 2017, 2012, 2007, 2003, and 2002.

What is the median guideline value in Ponneri_2?

The median guideline value in Ponneri_2 is Rs 700 per sq.ft, which is the same as the current guideline value for Kallukadai Medu.

What are the stamp duty rates in Kallukadai Medu?

The stamp duty rate in Kallukadai Medu is 7%, while the registration fee is 2%. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Kallukadai Medu?

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