Guideline Value for Kariyan Ponnan Street

Kariyan Ponnan Street guideline value

The current guideline value of Kariyan Ponnan Street is Rs 2,800 per sq.ft, effective from 1 July 2024. This street is located in Ullagaram village, under the Alandur SRO, and is classified as Residential Class II Type - I.

How the guideline value of Kariyan Ponnan Street has changed

The guideline value for Kariyan Ponnan Street has undergone several revisions over the years. Starting from Rs 267 per sq.ft in 2002, it increased to Rs 299 per sq.ft in 2003. The value saw a significant rise to Rs 1,200 per sq.ft in 2007, followed by a jump to Rs 2,500 per sq.ft in 2012. However, it decreased to Rs 1,675 per sq.ft in 2017 before rising again to Rs 2,500 per sq.ft in 2023, and finally reaching Rs 2,800 per sq.ft in 2024. The changes from 2017 to 2023 reflect a 49% increase, while the most recent revision from 2023 to 2024 shows a 12% increase.

There are no figures available for the revisions in the years not listed in the register. The overall change from 2002 to 2024 indicates a substantial increase of 949% in the guideline value.

Guideline values in Ullagaram

In Ullagaram, there are 298 streets under the Alandur SRO that carry a 2024 guideline value ranging from Rs 1,700 to Rs 5,500 per sq.ft, with a median value of Rs 2,800 per sq.ft. Kariyan Ponnan Street's 2024 figure aligns with this median.

• Karunanidhi Nagar: Rs 2,200 per sq.ft (2024)
• Kannagi Street: Rs 2,800 per sq.ft (2024)
• Kambar Street: Rs 2,200 per sq.ft (2024)
• K B Street: Rs 4,400 per sq.ft (2024)
• Kamarajar Street: Rs 2,800 per sq.ft (2024)
• Komathi Street: Rs 3,900 per sq.ft (2024)

Stamp duty and registration fee for property in Kariyan Ponnan Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,800 per sq.ft, the total guideline value amounts to Rs 28,00,000. The stamp duty at 7% would be Rs 1,96,000, and the registration fee at 2% would be Rs 56,000, making a total of Rs 2,52,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Kariyan Ponnan Street?

The Sub Registrar Office that covers Kariyan Ponnan Street is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. You can find your SRO for further assistance.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Ullagaram. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that transactions are conducted transparently.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for the legal transfer of property ownership. Buyers should be aware that these fees are calculated based on the higher value between the guideline value and the sale price.

Frequently asked questions

What is the current guideline value of Kariyan Ponnan Street?

The current guideline value of Kariyan Ponnan Street is Rs 2,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 267 per sq.ft in 2002 to Rs 2,800 per sq.ft in 2024, reflecting an overall increase of 949%.

What is the registration office for Kariyan Ponnan Street?

The registration office for Kariyan Ponnan Street is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 28,00,000, the stamp duty would be Rs 1,96,000 at a rate of 7%.

Where can I find more information about stamp duty and registration fees?

More information about stamp duty and registration fees can be found using the stamp duty and registration fee calculator.