Guideline Value for NEW KACHERI STREET

New Kacheri Street guideline value

The current guideline value of New Kacheri Street is Rs 702 per sq.ft, effective from 1 July 2024. This street is located in Ponneri_2 village under the Ponneri SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of New Kacheri Street has changed

The guideline value register for New Kacheri Street has seen several revisions over the years. However, there are no figures available for the years 2002, 2003, 2007, 2012, and 2017. The most recent revision prior to 2024 was in 2023, where the guideline value was Rs 700 per sq.ft. The change from 2023 to 2024 is +0%, resulting in the current value of Rs 702 per sq.ft.

In summary, the guideline value for New Kacheri Street has seen a slight increase from Rs 700 per sq.ft in 2023 to Rs 702 per sq.ft in 2024. This increase indicates a stable valuation for the property in this area.

Guideline values in Ponneri_2

Ponneri_2 village has a total of 75 streets under the Ponneri SRO that carry a 2024 guideline value ranging from Rs 700 to Rs 1,300 per sq.ft. The median guideline value for these streets is Rs 700 per sq.ft, positioning New Kacheri Street above this median with its current value of Rs 702 per sq.ft.

• Nethaji Nagar: Rs 700 per sq.ft (2024)
• Nethaji Avenue: Rs 700 per sq.ft (2024)
• Neeli Appadurai Mudali St: Rs 1,200 per sq.ft (2024)
• Narayani Nagar: Rs 700 per sq.ft (2024)
• Narayani Appartment: Rs 700 per sq.ft (2024)
• Perumal Kovil Street: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in New Kacheri Street

For a property measuring 1,000 sq.ft at the current guideline value of Rs 702 per sq.ft, the total guideline value would be Rs 7,02,000. The stamp duty, charged at 7%, would amount to Rs 49,140, while the registration fee, charged at 2%, would be Rs 14,040. Together, the total cost for stamp duty and registration fee would be Rs 63,180. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating stamp duty and registration fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers New Kacheri Street?

The Sub Registrar Office that covers New Kacheri Street is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204, in the Chennai registration zone. For further assistance, you can find your SRO.

How the guideline value is used when you buy or sell in Ponneri_2

The guideline value plays a crucial role in the registration process when buying or selling property in Ponneri_2. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that transactions are conducted transparently and fairly.

When a buyer and seller agree on a sale price, the guideline value is compared to ensure that the registration fee and stamp duty are calculated correctly. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of New Kacheri Street?

The current guideline value of New Kacheri Street is Rs 702 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for New Kacheri Street has changed from Rs 700 per sq.ft in 2023 to Rs 702 per sq.ft in 2024. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the median guideline value in Ponneri_2?

The median guideline value for the 75 streets in Ponneri_2 is Rs 700 per sq.ft. New Kacheri Street's current value is above this median.

What are the stamp duty and registration fees for property in New Kacheri Street?

For a property of 1,000 sq.ft at the guideline value of Rs 702 per sq.ft, the total guideline value would be Rs 7,02,000. The total stamp duty and registration fee would amount to Rs 63,180.

Where can I find the Sub Registrar Office for New Kacheri Street?

The Ponneri Sub Registrar Office covers New Kacheri Street and is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find more information by visiting the provided link.