Guideline Value for PANCHETTY SALAI

Panchetty Salai guideline value

The current guideline value of Panchetty Salai is Rs 700 per sq.ft, effective from 1 July 2024. This street is located in Ponneri village under the Ponneri SRO, classified as Residential Class II Type - I.

How the guideline value of Panchetty Salai has changed

The guideline value for Panchetty Salai has seen significant changes over the years. The register does not contain figures for the years 2002, 2003, 2007, 2012, and 2017. The last recorded revisions show that in 2023, the guideline value was Rs 300 per sq.ft, which increased to Rs 700 per sq.ft in 2024, marking a change of +133%.

This increase reflects the current value set in the 2024 revision. The previous revisions in the register do not provide any figures for this street, indicating a lack of recorded values prior to 2023.

Guideline values in Ponneri

Ponneri village has 120 streets under the Ponneri SRO, with guideline values ranging from Rs 201 to Rs 1,200 per sq.ft. The median value is Rs 700 per sq.ft, which is equal to the guideline value of Panchetty Salai for 2024.

• Parthasarathy Kovil St: Rs 700 per sq.ft (2024)
• Palanivel Nagar: Rs 900 per sq.ft (2024)
• Pavender Street: Rs 700 per sq.ft (2024)
• Pazhaverkadu Pudhuvoyal Salai: Rs 900 per sq.ft (2024)
• Periyar Street: Rs 700 per sq.ft (2024)
• N.S.C.Bose Street: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Panchetty Salai

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, bringing the total fees to Rs 63,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Panchetty Salai?

The Sub Registrar Office that covers Panchetty Salai 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

The guideline value plays a crucial role in the registration process when buying or selling property in Ponneri. It is used to determine the stamp duty and registration fees that must be paid during the transaction.

When a property is registered, the guideline value is considered to ensure that the correct fees are applied based on the property's value as determined by the relevant authorities.

Frequently asked questions

What is the current guideline value of Panchetty Salai?

The current guideline value of Panchetty Salai is Rs 700 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

The guideline value changed from Rs 300 per sq.ft in 2023 to Rs 700 per sq.ft in 2024, representing an increase of +133%.

What is the classification of land in Panchetty Salai?

Panchetty Salai is classified as Residential Class II Type - I, which indicates its intended use for residential purposes.

Where can I find the Sub Registrar Office for Panchetty Salai?

The Sub Registrar Office for Panchetty Salai is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.

How are stamp duty and registration fees calculated in Ponneri?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. The current rates are 7% for stamp duty and 2% for the registration fee.