Guideline Value for NEELI APPADURAI MUDALI ST

Neeli Appadurai Mudali St guideline value

The current guideline value of Neeli Appadurai Mudali St is Rs 1,200 per sq.ft, effective from 1 July 2024. This street is located in Ponneri_2 village under the Ponneri SRO and is classified as Residential Special Type - I.

How the guideline value of Neeli Appadurai Mudali St has changed

According to the guideline value register, there has been no figure for Neeli Appadurai Mudali St in the revisions for the years 2002, 2003, 2007, and 2012. The 2017 revision recorded a guideline value of Rs 804 per sq.ft. This figure increased to Rs 1,200 per sq.ft in the 2023 revision, marking a 49% increase from the 2017 revision.

The current guideline value of Rs 1,200 per sq.ft was maintained in the 2024 revision, showing no change from the previous year. Overall, from the 2017 revision to the 2024 revision, the increase is 49%.

Guideline values in Ponneri_2

Ponneri_2 village has a range of guideline values for its 75 streets under the Ponneri SRO, with values ranging from Rs 700 to Rs 1,300 per sq.ft. The median guideline value in this area is Rs 700 per sq.ft, placing Neeli Appadurai Mudali St above this median.

• Narayani Nagar: Rs 700 per sq.ft (2024)
• Narayani Appartment: Rs 700 per sq.ft (2024)
• Nethaji Avenue: Rs 700 per sq.ft (2024)
• Nethaji Nagar: Rs 700 per sq.ft (2024)
• New Kacheri Street: Rs 702 per sq.ft (2024)
• Masque St: 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 would be Rs 12,00,000. The stamp duty at 7% would amount to Rs 84,000, and the registration fee at 2% would be Rs 24,000, making the total cost Rs 1,08,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

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_2

The guideline value is a key factor in determining the stamp duty and registration fees when buying or selling property in Ponneri_2. It serves as a benchmark for the minimum value at which the property is assessed for these fees.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the registration process reflects the true value of the transaction.

Frequently asked questions

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

The current guideline value of 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 for Neeli Appadurai Mudali St has seen a 49% increase from Rs 804 per sq.ft in 2017 to Rs 1,200 per sq.ft in 2023 and 2024, with no figures available for the years 2002, 2003, 2007, and 2012.

What is the land classification for Neeli Appadurai Mudali St?

Neeli Appadurai Mudali St is classified as Residential Special Type - I, which influences its guideline value and potential uses.

What are the stamp duty rates for property transactions?

The stamp duty for property transactions in Tamil Nadu is generally set at 7% of the guideline value or sale price, whichever is higher. Additionally, a registration fee of 2% applies.

Where is the Sub Registrar Office for Neeli Appadurai Mudali St located?

The Ponneri Sub Registrar Office, which covers Neeli Appadurai Mudali St, is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.