Guideline Value for ONDIKUPPAM POONAMALLE SALAI 4 ADI SANDHU

Ondikuppam Poonamalle Salai 4 Adi Sandhu guideline value

The current guideline value of Ondikuppam Poonamalle Salai 4 Adi Sandhu is Rs 2,000 per sq.ft, effective from 1 July 2024. This street is located in Vengathur village and falls under the Manavalanagar SRO. The land classification for this area is Commercial Class I Type - I.

How the guideline value of Ondikuppam Poonamalle Salai 4 Adi Sandhu has changed

Over the years, the guideline value for Ondikuppam Poonamalle Salai 4 Adi Sandhu has seen several revisions. In 2007, the guideline value was Rs 250 per sq.ft, which increased significantly to Rs 2,000 per sq.ft in 2012. However, by the 2017 revision, it decreased to Rs 1,340 per sq.ft, before rising again to Rs 2,000 per sq.ft in both 2023 and 2024. The register has no figure for this street in 2002 and 2003.

From 2017 to 2023, the guideline value increased by 49%, while the change from 2012 to 2017 was a decrease of 33%. The most notable change occurred from 2007 to 2012, with an increase of 700%. Overall, from 2007 to 2024, the guideline value has increased by 700%.

Guideline values in Vengathur

In Vengathur, there are 186 streets under the Manavalanagar SRO that carry a 2024 guideline value, ranging from Rs 500 to Rs 2,000 per sq.ft. The median guideline value for these streets is Rs 1,000 per sq.ft, making the 2024 figure for Ondikuppam Poonamalle Salai 4 Adi Sandhu above that median.

• Pachaiyappan Street: Rs 1,000 per sq.ft (2024)
• N.S.K. Street: Rs 700 per sq.ft (2024)
• Pajanai Koil Street: Rs 1,000 per sq.ft (2024)
• Pallavan Street: Rs 1,300 per sq.ft (2024)
• Pandian Street: Rs 1,300 per sq.ft (2024)
• Pandian Street (Ramasamy Nagar): Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Ondikuppam Poonamalle Salai 4 Adi Sandhu

For a 1,000 sq.ft plot at the current guideline value of Rs 2,000 per sq.ft, the total guideline value amounts to Rs 20,00,000. The stamp duty at 7% would be Rs 1,40,000, and the registration fee at 2% would be Rs 40,000, totaling Rs 1,80,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ondikuppam Poonamalle Salai 4 Adi Sandhu?

The Sub Registrar Office that covers Ondikuppam Poonamalle Salai 4 Adi Sandhu is the Manavalanagar Sub Registrar Office, located at Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai registration zone. You can find your SRO for additional information.

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

The guideline value plays a crucial role in property transactions in Vengathur. It is used to determine the stamp duty and registration fees that are applicable when buying or selling property. Buyers and sellers must be aware of the current guideline value to ensure compliance with legal requirements during the registration process.

When a property is sold, 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 government receives the correct amount of revenue from property transactions.

Frequently asked questions

What is the current guideline value of Ondikuppam Poonamalle Salai 4 Adi Sandhu?

The current guideline value of Ondikuppam Poonamalle Salai 4 Adi Sandhu is Rs 2,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly over the years, with the most notable increase from Rs 250 per sq.ft in 2007 to Rs 2,000 per sq.ft in 2012, followed by a decrease to Rs 1,340 per sq.ft in 2017. It has remained at Rs 2,000 per sq.ft in both 2023 and 2024.

What is the land classification of Ondikuppam Poonamalle Salai 4 Adi Sandhu?

The land classification for Ondikuppam Poonamalle Salai 4 Adi Sandhu is Commercial Class I Type - I.

What is the median guideline value for streets in Vengathur?

The median guideline value for streets in Vengathur is Rs 1,000 per sq.ft, with Ondikuppam Poonamalle Salai 4 Adi Sandhu's 2024 figure being above this median.

Where is the Sub Registrar Office located for this area?

The Sub Registrar Office covering Ondikuppam Poonamalle Salai 4 Adi Sandhu is located at Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai registration zone.