Guideline Value for PARTHASARATHY KOVIL ST

Parthasarathy Kovil St guideline value

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

How the guideline value of Parthasarathy Kovil St has changed

In the 2023 revision, the guideline value for Parthasarathy Kovil St was Rs 300 per sq.ft. The 2024 revision shows a significant increase to Rs 700 per sq.ft, marking a change of +133%. The register has no figures for this street in the years 2002, 2003, 2007, 2012, and 2017.

To summarize the revisions, the guideline value rose from Rs 300 per sq.ft in 2023 to Rs 700 per sq.ft in 2024. This increase reflects the current median guideline value for 120 streets in Ponneri under the Ponneri SRO, which also stands at Rs 700 per sq.ft in 2024.

Guideline values in Ponneri

Ponneri village has a range of guideline values from Rs 201 to Rs 1,200 per sq.ft in 2024, with the median being Rs 700 per sq.ft. Parthasarathy Kovil St's 2024 figure aligns with this median. Here are some other streets in Ponneri:

• Pavender Street: Rs 700 per sq.ft (2024)
• Pazhaverkadu Pudhuvoyal Salai: Rs 900 per sq.ft (2024)
• Panchetty Salai: Rs 700 per sq.ft (2024)
• Palanivel Nagar: Rs 900 per sq.ft (2024)
• Periyar Street: Rs 700 per sq.ft (2024)
• Perumal Nagar: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Parthasarathy Kovil St

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total guideline value amounts to Rs 7,00,000. The stamp duty at 7% would be Rs 49,000, and the registration fee at 2% would be Rs 14,000, totaling Rs 63,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Parthasarathy Kovil St?

The Sub Registrar Office that covers Parthasarathy Kovil St 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 is an essential factor in the registration process when buying or selling property in Ponneri. It determines the amount of stamp duty and registration fees payable, ensuring that these costs are calculated based on the current market rates set by the government.

When a property is sold, the guideline value serves as a benchmark for the transaction. Buyers and sellers must be aware of this value to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Parthasarathy Kovil St?

The current guideline value of Parthasarathy Kovil St is Rs 700 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

From the 2023 revision to the 2024 revision, the guideline value increased from Rs 300 per sq.ft to Rs 700 per sq.ft, which is a change of +133%.

What is the classification of Parthasarathy Kovil St?

Parthasarathy Kovil St is classified as Residential Class II Type - I according to the current land classification.

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. This office covers the registration for Parthasarathy Kovil St.

How is stamp duty calculated for properties in Ponneri?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. The current rate is 7% for stamp duty and 2% for the registration fee.