Guideline Value for PERIYA THAMBI MUDALI ST

Periya Thambi Mudali St guideline value

The current guideline value of Periya Thambi Mudali St is Rs 300 per sq.ft, effective from 1 July 2024. This street is located in Chinnakavanam village and falls under the Ponneri SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Periya Thambi Mudali St has changed

The guideline value for Periya Thambi Mudali St has seen several revisions over the years. The 2012 revision set the value at Rs 200 per sq.ft, which then changed to Rs 134 per sq.ft in 2017. This marked a decrease of 33%. However, from 2017 to 2023, the value increased significantly to Rs 300 per sq.ft, reflecting a rise of 124%. The most recent revision in 2024 maintained the value at Rs 300 per sq.ft, showing no change from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 50%.

Guideline values in Chinnakavanam

In Chinnakavanam, there are 28 streets under the Ponneri SRO that carry a 2024 guideline value ranging from Rs 300 to Rs 400 per sq.ft, with a median value of Rs 300 per sq.ft. The guideline value of Periya Thambi Mudali St is equal to this median.

• Perumbedu Salai: Rs 300 per sq.ft (2024)
• Pazaverkadu Salai: Rs 300 per sq.ft (2024)
• Ponneri - Pudhuvoyal Road: Rs 300 per sq.ft (2024)
• Rajeswari Nagar: Rs 300 per sq.ft (2024)
• Nethaji Nagar: Rs 300 per sq.ft (2024)
• Ramaswami Mudhali Street: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Periya Thambi Mudali St

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value would be Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, making the total fees Rs 27,000. Please note that the 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 Periya Thambi Mudali St?

The Sub Registrar Office that covers Periya Thambi Mudali 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 Chinnakavanam

The guideline value is a crucial factor in the registration process when buying or selling property in Chinnakavanam. It determines the minimum price at which a property can be registered and is used to calculate stamp duty and registration fees.

When a property is sold, the guideline value helps ensure that the transaction is recorded at a fair price, which is essential for legal and taxation purposes. Buyers and sellers must be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Periya Thambi Mudali St?

The current guideline value of Periya Thambi Mudali St is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2012 to Rs 134 per sq.ft in 2017, then increased to Rs 300 per sq.ft in 2023 and remained the same in 2024.

What is the land classification for Periya Thambi Mudali St?

The land classification for Periya Thambi Mudali St is 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 stamp duty calculated for property in Chinnakavanam?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 3,00,000, the stamp duty would be Rs 21,000 at 7%.