Guideline Value for POLICE LINE BACK SIDE

Police Line Back Side guideline value

The current guideline value of Police Line Back Side 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 Police Line Back Side has changed

The guideline value for Police Line Back Side has undergone several revisions over the years. In 2012, the value was set at Rs 500 per sq.ft, which decreased to Rs 469 per sq.ft in 2017. However, there was a significant increase of 49% to Rs 700 per sq.ft in the 2023 revision, and this value remained unchanged in the 2024 revision.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 40%.

Guideline values in Ponneri

Ponneri village has a total of 120 streets under the Ponneri SRO, with guideline values ranging from Rs 201 to Rs 1,200 per sq.ft. The median guideline value is Rs 700 per sq.ft, which is the same as the current value for Police Line Back Side.

• Perumal Nagar: Rs 700 per sq.ft (2024)
• Periyar Street: Rs 700 per sq.ft (2024)
• P.R.K. Nagar: Rs 700 per sq.ft (2024)
• Pudhiya Theradi St: Rs 1,200 per sq.ft (2024)
• Pudhuvoyal Road: Rs 900 per sq.ft (2024)
• Pazhaverkadu Pudhuvoyal Salai: Rs 900 per sq.ft (2024)

Stamp duty and registration fee for property in Police Line Back Side

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 charges to Rs 63,000. It is important to 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 detailed calculations.

Which Sub Registrar Office covers Police Line Back Side?

The Police Line Back Side is covered by the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. For more information, you can find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Ponneri. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government collects the appropriate revenue based on the property's value.

Frequently asked questions

What is the current guideline value of Police Line Back Side?

The current guideline value of Police Line Back Side is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2012 to Rs 469 per sq.ft in 2017, then increased to Rs 700 per sq.ft in 2023 and remained the same in 2024.

What is the stamp duty rate for property in Police Line Back Side?

The stamp duty rate for property transactions in Police Line Back Side is 7% of the guideline value or sale price, whichever is higher.

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 the guideline value determined for other streets in Ponneri?

The guideline value for other streets in Ponneri is determined based on various factors and is currently set between Rs 201 to Rs 1,200 per sq.ft, with a median value of Rs 700 per sq.ft.