Guideline Value for Kamaraj Street / Ponni Nagar

Kamaraj Street / Ponni Nagar guideline value

The current guideline value of Kamaraj Street / Ponni Nagar is Rs 1,980 per sq.ft, effective from 1 July 2024. This street is located in Pammal village, under the Pammal SRO, and is classified as Residential Class II Type - II.

How the guideline value of Kamaraj Street / Ponni Nagar has changed

Since the year 2002, the guideline value for Kamaraj Street / Ponni Nagar has seen significant changes. In 2002, the value was Rs 177 per sq.ft. This increased to Rs 201 per sq.ft in 2003, marking a 14% rise. The value then rose to Rs 360 per sq.ft in 2007, which represented a 79% increase from the previous revision. By 2017, the guideline value had reached Rs 1,206 per sq.ft, a substantial 235% increase from 2007. In 2023, it further increased to Rs 1,800 per sq.ft, reflecting a 49% rise. The latest revision in 2024 set the value at Rs 1,980 per sq.ft, which is a 10% increase from 2023.

It is important to note that there is no figure available for the year 2012 in the register for this street. Overall, from 2002 to 2024, the guideline value has increased by 1,019%.

Guideline values in Pammal

Pammal village has a total of 926 streets under the Pammal SRO, with guideline values ranging from Rs 880 to Rs 3,300 per sq.ft as of 2024. The median guideline value in Pammal is Rs 2,090 per sq.ft, which places Kamaraj Street / Ponni Nagar's 2024 value below this median.

• Kamaraj Street/Nagalkeni: Rs 1,980 per sq.ft (2024)
• Kamaraj Street / Muvendar Nagar: Rs 1,980 per sq.ft (2024)
• Kamaraj Street /Muthamzhi Nagar: Rs 2,475 per sq.ft (2024)
• Kamaraj Street / Gokulam Colony: Rs 2,750 per sq.ft (2024)
• Kamaraj Ngar, Thiruneermalai Road: Rs 1,980 per sq.ft (2024)
• Kamaraj Nagar (3rd Street): Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Kamaraj Street / Ponni Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value amounts to Rs 19,80,000. The stamp duty at 7% would be Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, bringing the total to Rs 1,78,200. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kamaraj Street / Ponni Nagar?

The Kamaraj Street / Ponni Nagar area is covered by the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property transactions in Pammal. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the official valuation of the property. This value is used to calculate the stamp duty and registration fees, which are mandatory for legal ownership transfer.

Frequently asked questions

What is the current guideline value of Kamaraj Street / Ponni Nagar?

The current guideline value of Kamaraj Street / Ponni Nagar is Rs 1,980 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2002, the guideline value has increased from Rs 177 per sq.ft to Rs 1,980 per sq.ft in 2024, reflecting an overall increase of 1,019%.

What is the stamp duty rate for property in Kamaraj Street / Ponni Nagar?

The stamp duty rate for property transactions in Kamaraj Street / Ponni Nagar is 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Kamaraj Street / Ponni Nagar located?

The Pammal Sub Registrar Office is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone.

What are other streets in Pammal with similar guideline values?

Other streets in Pammal with similar guideline values include Kamaraj Street/Nagalkeni and Kamaraj Street / Muvendar Nagar, both at Rs 1,980 per sq.ft in 2024.