Guideline Value for NIPPANI SUBHA RAO ST

Nippani Subha Rao St guideline value

The current guideline value of Nippani Subha Rao St is Rs 700 per sq.ft, effective from 1 July 2024. This street is located in Ponneri village under the Ponneri Sub Registrar Office (SRO) and is classified as Residential Class II Type - I.

How the guideline value of Nippani Subha Rao St has changed

The guideline value for Nippani Subha Rao St has seen several revisions over the years. The register has no figure for this street in 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was Rs 300 per sq.ft, and in the 2024 revision, it increased to Rs 700 per sq.ft, marking a significant rise of 133%.

This increase reflects the current valuation trends in the area. The 2024 figure of Rs 700 per sq.ft aligns with the median guideline value for Ponneri, which ranges from Rs 201 to Rs 1,200 per sq.ft across 120 streets under the Ponneri SRO.

Guideline values in Ponneri

The guideline values in Ponneri vary widely, with the median value being Rs 700 per sq.ft. Nippani Subha Rao St's 2024 figure matches this median, indicating its position within the local market.

• N.G.O.Nagar: Rs 700 per sq.ft (2024)
• New Sun City: Rs 900 per sq.ft (2024)
• N.S.C.Bose Street: Rs 700 per sq.ft (2024)
• Neeli Appadurai Mudali St: Rs 1,200 per sq.ft (2024)
• Neeli Appadurai Mudalai St: Rs 900 per sq.ft (2024)
• Palanivel Nagar: Rs 900 per sq.ft (2024)

Stamp duty and registration fee for property in Nippani Subha Rao St

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total 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, making the total fees Rs 63,000. Duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Nippani Subha Rao St?

The Nippani Subha Rao St is covered by the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more details.

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

The guideline value plays a crucial role during property transactions in Ponneri. It is used to determine the stamp duty and registration fees that are applicable when registering a property sale.

When you buy or sell property, the guideline value is considered alongside the sale price, with the higher of the two being used to calculate the applicable duties and fees. This ensures that the registration process is aligned with the established values in the area.

Frequently asked questions

What is the current guideline value of Nippani Subha Rao St?

The current guideline value of Nippani Subha Rao St is Rs 700 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

The guideline value increased from Rs 300 per sq.ft in 2023 to Rs 700 per sq.ft in 2024, which is a rise of 133%.

What is the land classification for Nippani Subha Rao St?

Nippani Subha Rao St is classified as Residential Class II Type - I.

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.

How is the stamp duty calculated for properties in Nippani Subha Rao St?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at the current guideline value, the total fees would be Rs 63,000.