Guideline Value for KATTUPONNIAMMAN NAGAR(PONNIAMMAN NAGAR)

Kattuponniamman Nagar(Ponniamman Nagar) guideline value

The current guideline value of Kattuponniamman Nagar (Ponniamman Nagar) is Rs 1,500 per sq.ft, effective from 1 July 2024. This area is located in Thiruvottiyur village, under the Thiruvottiyur SRO, and is classified as Residential Class II Type - II.

How the guideline value of Kattuponniamman Nagar(Ponniamman Nagar) has changed

The guideline value for Kattuponniamman Nagar has seen several revisions over the years. In 2007, the guideline value was Rs 500 per sq.ft, which increased significantly to Rs 1,400 per sq.ft in 2012, marking a rise of 180%. However, this value dropped to Rs 938 per sq.ft in 2017, a decrease of 33%. The value then rose sharply to Rs 1,400 per sq.ft in 2023, before reaching the current figure of Rs 1,500 per sq.ft in 2024, reflecting an increase of 7%.

There are no figures available for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 200%.

Guideline values in Thiruvottiyur

In Thiruvottiyur, there are 177 streets under the Thiruvottiyur SRO that carry a 2024 guideline value ranging from Rs 1,300 to Rs 8,600 per sq.ft, with a median value of Rs 3,300 per sq.ft. Kattuponniamman Nagar's 2024 guideline value of Rs 1,500 per sq.ft is below this median.

• Kavari Nagar: Rs 3,300 per sq.ft (2024)
• Karunikar Street: Rs 3,300 per sq.ft (2024)
• Kg Shree Prem Vihar: Rs 4,500 per sq.ft (2024)
• Karnikar Street (Kannkar Street): Rs 3,300 per sq.ft (2024)
• Kannakkar Street: Rs 3,300 per sq.ft (2024)
• Kanakkar Lane: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Kattuponniamman Nagar(Ponniamman Nagar)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,500 per sq.ft, the total guideline value amounts to Rs 15,00,000. The stamp duty at 7% would be Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, bringing the total cost for stamp duty and registration fees to Rs 1,35,000. 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 Kattuponniamman Nagar(Ponniamman Nagar)?

The Sub Registrar Office that covers Kattuponniamman Nagar is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property in Thiruvottiyur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during a sale or purchase.

When buying or selling property, the guideline value helps ensure that the transaction is conducted at a fair rate, as it is used to calculate the necessary fees based on the property's value.

Frequently asked questions

What is the current guideline value of Kattuponniamman Nagar?

The current guideline value of Kattuponniamman Nagar (Ponniamman Nagar) is Rs 1,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2007 to Rs 1,500 per sq.ft in 2024, reflecting a significant increase of 200% overall.

What is the land classification of Kattuponniamman Nagar?

Kattuponniamman Nagar is classified as Residential Class II Type - II.

What are the stamp duty and registration fees for property in Kattuponniamman Nagar?

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 1,35,000.

Where is the Sub Registrar Office for Kattuponniamman Nagar located?

The Thiruvottiyur Sub Registrar Office is located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.