Guideline Value for NEELI APPADURAI MUDALI ST

Neeli Appadurai Mudali St guideline value

The current guideline value for Neeli Appadurai Mudali St is Rs 1,200 per sq.ft, effective from 1 July 2024. This street is located in Ponneri village, under the Ponneri SRO, and is classified as Residential Special Type - I.

How the guideline value of Neeli Appadurai Mudali St has changed

The guideline value for Neeli Appadurai Mudali St has undergone several revisions over the years. The 2012 revision set the value at Rs 800 per sq.ft, which increased to Rs 804 per sq.ft in the 2017 revision, marking a change of +1%. The value then saw a significant rise to Rs 1,200 per sq.ft in the 2023 revision, reflecting a +49% increase from the previous revision. The current 2024 revision maintains this value at Rs 1,200 per sq.ft, indicating no change from 2023.

It is important to note that the register does not have figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by +50%.

Guideline values in Ponneri

In Ponneri village, there are 120 streets under the Ponneri SRO that carry a 2024 guideline value ranging from Rs 201 to Rs 1,200 per sq.ft. The median value for these streets is Rs 700 per sq.ft, positioning Neeli Appadurai Mudali St above this median.

• Neeli Appadurai Mudalai St: Rs 1,200 per sq.ft (2024)
• New Sun City: Rs 900 per sq.ft (2024)
• Narayani Nagar: Rs 700 per sq.ft (2024)
• Narayani Appartment: Rs 700 per sq.ft (2024)
• Nakkeeran Street: Rs 700 per sq.ft (2024)
• Nadar Rice Mill Road: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Neeli Appadurai Mudali St

For a 1,000 sq.ft plot at the current guideline value of Rs 1,200 per sq.ft, the total guideline value amounts to Rs 12,00,000. The stamp duty at 7% would be Rs 84,000, and the registration fee at 2% would be Rs 24,000, bringing the total to Rs 1,08,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Neeli Appadurai Mudali St?

The Sub Registrar Office that covers Neeli Appadurai Mudali St 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 an essential factor during property transactions in Ponneri. It is used to determine the stamp duty and registration fees that must be paid when a property is bought or sold. The guideline value serves as a reference point for the official valuation of the property.

When registering a property, the buyer must pay the applicable stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the correct amount of revenue from property transactions.

Frequently asked questions

What is the current guideline value for Neeli Appadurai Mudali St?

The current guideline value for Neeli Appadurai Mudali St is Rs 1,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2012 to Rs 1,200 per sq.ft in 2024, showing an overall increase of +50% over this period.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 12,00,000, the stamp duty is Rs 84,000, and the registration fee is Rs 24,000, totaling Rs 1,08,000.

Which office do I need to visit for registration?

The Ponneri Sub Registrar Office is responsible for property registrations in Neeli Appadurai Mudali St, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.

How is the guideline value determined?

The guideline value is determined by the Registration Department's guideline value register, which is periodically revised to reflect changes in property values based on various factors.