Guideline Value for POLICE LINE BACK SIDE

Police Line Back Side guideline value

The current guideline value for Police Line Back Side is Rs 700 per sq.ft, effective from 1 July 2024. This street is located in Ponneri_2 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 the 2017 revision, the value was set at Rs 469 per sq.ft. This figure increased by 49% to Rs 700 per sq.ft in the 2023 revision, and it remained the same in the 2024 revision, showing no change from the previous year. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 49%. The 2024 revision's value of Rs 700 per sq.ft aligns with the median value of Rs 700 per sq.ft for the 75 streets in Ponneri_2 under the Ponneri SRO.

Guideline values in Ponneri_2

Ponneri_2 village features a range of guideline values, with current figures for 2024 ranging from Rs 700 to Rs 1,300 per sq.ft. The guideline value for Police Line Back Side is equal to the median value of Rs 700 per sq.ft. Below are other streets in Ponneri_2 with their respective guideline values:

• Perumal Nagar: Rs 700 per sq.ft (2024)
• Perumal Kovil Street: Rs 700 per sq.ft (2024)
• Poonthotham: Rs 700 per sq.ft (2024)
• Pudhiya Theradi St: Rs 1,200 per sq.ft (2024)
• Puliyan Thoppu: Rs 700 per sq.ft (2024)
• Railway Station Road: Rs 1,200 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 is charged at 7%, amounting to Rs 49,000, and the registration fee is charged at 2%, amounting to Rs 14,000. Together, the total fees would be Rs 63,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Police Line Back Side?

The Police Line Back Side property falls under the Ponneri Sub Registrar Office. The office is 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_2

The guideline value is a crucial factor during the registration of property transactions in Ponneri_2. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when transferring property ownership.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, thus helping to maintain transparency in property dealings. It is important for buyers and sellers to be aware of the current guideline values to ensure compliance with local regulations.

Frequently asked questions

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

The current guideline value for 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 increased from Rs 469 per sq.ft in 2017 to Rs 700 per sq.ft in 2023, and it remained the same in 2024. There are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

What is the land classification for Police Line Back Side?

Police Line Back Side is classified as Residential Class II Type - I.

What are the stamp duty and registration fees for property transactions?

Stamp duty is charged at 7% of the guideline value, while the registration fee is charged at 2%. For example, for a 1,000 sq.ft plot at Rs 700 per sq.ft, the total fees would amount to Rs 63,000.

Where is the Ponneri Sub Registrar Office located?

The Ponneri Sub Registrar Office is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. This office handles the registration of properties in the area.