Guideline Value for N.S.C.BOSE STREET

N.S.C.Bose Street guideline value

The current guideline value of N.S.C.Bose Street is Rs 700 per sq.ft, effective from 1 July 2024. This street is located in Ponneri village, under the Ponneri SRO, and is classified as Residential Class II Type - I.

How the guideline value of N.S.C.Bose Street has changed

According to the guideline value register, there are no figures available for N.S.C.Bose Street for the years 2002, 2003, 2007, 2012, and 2017. The 2023 revision set the guideline value at Rs 300 per sq.ft, which was subsequently increased to Rs 700 per sq.ft in the 2024 revision, marking a change of +133%.

The 2024 figure of Rs 700 per sq.ft is equal to the median guideline value of Rs 700 per sq.ft for the 120 streets in Ponneri under the Ponneri SRO, which range from Rs 201 to Rs 1,200 per sq.ft.

Guideline values in Ponneri

Ponneri village has a range of guideline values, with the 2024 figures for various streets falling between Rs 201 to Rs 1,200 per sq.ft. N.S.C.Bose Street's 2024 guideline value matches the median of Rs 700 per sq.ft. Below are other streets in Ponneri with their respective guideline values:

• Nippani Subha Rao St: Rs 700 per sq.ft (2024)
• N.G.O.Nagar: Rs 700 per sq.ft (2024)
• New Sun City: Rs 900 per sq.ft (2024)
• Palanivel Nagar: Rs 900 per sq.ft (2024)
• Panchetty Salai: Rs 700 per sq.ft (2024)
• Neeli Appadurai Mudali St: Rs 1,200 per sq.ft (2024)

Stamp duty and registration fee for property in N.S.C.Bose Street

For a 1,000 sq.ft plot at the current rate of Rs 700 per sq.ft, the guideline value would be Rs 7,00,000. The stamp duty at 7% would amount to Rs 49,000, and the registration fee at 2% would be Rs 14,000, totaling Rs 63,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers N.S.C.Bose Street?

The Sub Registrar Office that covers N.S.C.Bose Street is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more information.

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

The guideline value is a critical reference point used during property transactions in Ponneri. It determines the minimum value at which a property can be registered and is essential for calculating stamp duty and registration fees.

When buying or selling property, the guideline value helps ensure that transactions are recorded accurately and transparently. It serves to standardize property valuations across the region, facilitating a smoother registration process.

Frequently asked questions

What is the current guideline value of N.S.C.Bose Street?

The current guideline value of N.S.C.Bose Street is Rs 700 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

From the 2023 revision to the 2024 revision, the guideline value increased from Rs 300 per sq.ft to Rs 700 per sq.ft, representing a change of +133%.

What is the land classification for N.S.C.Bose Street?

N.S.C.Bose Street is classified as Residential Class II Type - I.

What are the stamp duty and registration fees for property transactions?

The stamp duty is charged at 7% of the guideline value or the sale price, whichever is higher, while the registration fee is charged at 2% of the guideline value or sale price.

Where can I find the Ponneri Sub Registrar Office?

The Ponneri Sub Registrar Office is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can visit the office for registration services.