Guideline Value for Kannageyi Street /Ponni Nagar

Kannageyi Street /Ponni Nagar guideline value

The current guideline value of Kannageyi 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 Kannageyi Street /Ponni Nagar has changed

The guideline value for Kannageyi Street /Ponni Nagar has seen significant changes over the years. The 2002 revision recorded a value of Rs 178 per sq.ft, which increased to Rs 202 per sq.ft in 2003, marking a change of +13%. By 2007, the value rose to Rs 360 per sq.ft, reflecting a substantial increase of +78%. The 2017 revision saw a dramatic rise to Rs 1,206 per sq.ft, a change of +235% from the previous figure. In 2023, the guideline value reached Rs 1,800 per sq.ft, which was a +49% increase from 2017. The most recent revision in 2024 set the value at Rs 1,980 per sq.ft, an increase of +10% from 2023.

It is important to note that the register has no figure for Kannageyi Street /Ponni Nagar for the year 2012. Overall, from 2002 to 2024, the guideline value has increased by +1,012%.

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. The median guideline value for these streets is Rs 2,090 per sq.ft, which places Kannageyi Street /Ponni Nagar's 2024 figure below that median.

• Kannageyi Street /Muthamzhi Nagar: Rs 2,475 per sq.ft (2024)
• Kannageyi Street /Shivashankaran Nagar: Rs 1,980 per sq.ft (2024)
• Kannageyi Street (Gandhi Nagar): Rs 2,475 per sq.ft (2024)
• Kannageyi Street /V.O.C.Nagar: Rs 2,750 per sq.ft (2024)
• Kannageyi Street /Anna Nagar: Rs 2,750 per sq.ft (2024)
• Kannadasan Street (Hindustan Lever Colony): Rs 2,530 per sq.ft (2024)

Stamp duty and registration fee for property in Kannageyi 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 would be Rs 19,80,000. The stamp duty at 7% would amount to Rs 1,38,600, while the registration fee at 2% would be Rs 39,600. Together, the total cost for stamp duty and registration would be Rs 1,78,200. 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 Kannageyi Street /Ponni Nagar?

The Sub Registrar Office that covers Kannageyi Street /Ponni Nagar is 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 information.

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

The guideline value is an important factor in the registration process of property transactions in Pammal. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, the guideline value helps determine the minimum price at which a property can be registered. This ensures transparency in property transactions and helps prevent undervaluation.

Frequently asked questions

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

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

How has the guideline value changed over the years?

The guideline value has increased from Rs 178 per sq.ft in 2002 to Rs 1,980 per sq.ft in 2024, reflecting an overall increase of +1,012%.

What is the median guideline value for streets in Pammal?

The median guideline value for streets in Pammal is Rs 2,090 per sq.ft, which is above the current value of Kannageyi Street /Ponni Nagar.

What are the stamp duty and registration fees for Kannageyi Street /Ponni Nagar?

For a 1,000 sq.ft plot, the total stamp duty and registration fees would amount to Rs 1,78,200, based on the current guideline value.

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

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