Guideline Value for PERIYAR STREET

Periyar Street guideline value

The current guideline value of Periyar Street in Ponneri village, under the Ponneri SRO, is Rs 700 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Class II Type - I.

How the guideline value of Periyar Street has changed

The guideline value for Periyar Street has seen significant changes over the years. The register has no figures for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was Rs 300 per sq.ft, which increased to Rs 700 per sq.ft in the 2024 revision, marking a change of +133%.

This increase reflects the current valuation as of 2024, which aligns with the median guideline value for streets in Ponneri. The 2024 figure is a notable rise from the previous year, indicating a substantial adjustment in the guideline value for this street.

Guideline values in Ponneri

In Ponneri, there are 120 streets under the Ponneri SRO with a 2024 guideline value ranging from Rs 201 to Rs 1,200 per sq.ft. The median value is Rs 700 per sq.ft, and Periyar Street's current guideline value is equal to this median.

• Perumal Nagar: Rs 700 per sq.ft (2024)
• Pazhaverkadu Pudhuvoyal Salai: Rs 900 per sq.ft (2024)
• Pavender Street: Rs 700 per sq.ft (2024)
• Police Line Back Side: Rs 700 per sq.ft (2024)
• Parthasarathy Kovil St: Rs 700 per sq.ft (2024)
• Panchetty Salai: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Periyar Street

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. Note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Periyar Street?

The Sub Registrar Office that covers Periyar Street 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 of property transactions in Ponneri. It is used to determine the stamp duty and registration fees that must be paid when buying or selling property.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that the registration reflects an accurate value of the property being transacted.

Frequently asked questions

What is the current guideline value of Periyar Street?

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

How much has the guideline value changed recently?

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

What is the land classification for Periyar Street?

The land classification for Periyar Street is Residential Class II Type - I.

Where can I find the registration office for Periyar Street?

The registration office that covers Periyar Street is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.

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. For example, for a plot with a guideline value of Rs 7,00,000, the stamp duty at 7% would be Rs 49,000.