Guideline Value for P.S.SRINIVASA NAGAR

P.S.Srinivasa Nagar guideline value

The current guideline value of P.S.Srinivasa Nagar is Rs 330 per sq.ft, effective from 1 July 2024. This area is located in Kolatti village under the Ponneri SRO and is classified as Residential Class I Type - I.

How the guideline value of P.S.Srinivasa Nagar has changed

The guideline value for P.S.Srinivasa Nagar has seen several revisions over the years. In 2012, the value was set at Rs 300 per sq.ft, which then decreased to Rs 201 per sq.ft in 2017. Following this, there was a significant increase to Rs 300 per sq.ft in 2023, and the current revision in 2024 has raised it further to Rs 330 per sq.ft. The register has no figures for the years 2002, 2003, and 2007 for this street.

From 2012 to 2017, the value decreased by 33%, but it increased by 49% from 2017 to 2023. The change from 2023 to 2024 reflects a 10% increase, and overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Kolatti

In Kolatti village, there are 18 streets under the Ponneri SRO that carry a 2024 guideline value ranging from Rs 220 to Rs 330 per sq.ft. The median value for these streets is Rs 275 per sq.ft, indicating that P.S.Srinivasa Nagar's 2024 figure is above this median.

• Pudhupedu Adidravidar Kudi Irupu: Rs 220 per sq.ft (2024)
• Pudupedu Grama Sudukadu Pattai: Rs 220 per sq.ft (2024)
• Puduppedu School Road: Rs 220 per sq.ft (2024)
• Prasanthi Nagar: Rs 330 per sq.ft (2024)
• Parasakthi Nagar: Rs 220 per sq.ft (2024)
• Ram Tulasi Nagar: Rs 330 per sq.ft (2024)

Stamp duty and registration fee for property in P.S.Srinivasa Nagar

For a 1,000 sq.ft plot at the current rate of Rs 330 per sq.ft, the guideline value amounts to Rs 3,30,000. The stamp duty at 7% would be Rs 23,100, and the registration fee at 2% would be Rs 6,600, totaling Rs 29,700. Duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers P.S.Srinivasa Nagar?

P.S.Srinivasa Nagar falls under the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. To find your SRO, you can visit find your SRO.

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

The guideline value is an essential factor during the registration process of property transactions in Kolatti. It serves as a baseline for calculating stamp duty and registration fees, ensuring that the government collects the appropriate revenue from property sales.

When buying or selling property, the guideline value helps determine the minimum price at which a property can be registered. This ensures transparency and fairness in property transactions, as it reflects the official valuation set by the Registration Department.

Frequently asked questions

What is the current guideline value of P.S.Srinivasa Nagar?

The current guideline value of P.S.Srinivasa Nagar is Rs 330 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2012 to Rs 201 per sq.ft in 2017, then increased to Rs 300 per sq.ft in 2023, and is now Rs 330 per sq.ft in 2024.

What is the median guideline value in Kolatti?

The median guideline value for the streets in Kolatti is Rs 275 per sq.ft, with P.S.Srinivasa Nagar's current value being above this median.

What are the stamp duty rates applicable in P.S.Srinivasa Nagar?

The stamp duty rate in P.S.Srinivasa Nagar is 7%, while the registration fee is 2% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for P.S.Srinivasa Nagar?

The Ponneri Sub Registrar Office covers P.S.Srinivasa Nagar and is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.