Guideline Value for PON NAGAR GARDEN

Pon Nagar Garden guideline value

The current guideline value of Pon Nagar Garden is Rs 501 per sq.ft. It is located in Thadaperumbakkam village, under the Ponneri SRO, and is classified as Residential Class II Type - I.

How the guideline value of Pon Nagar Garden has changed

The guideline value for Pon Nagar Garden has undergone several revisions over the years. The 2012 revision set the value at Rs 200 per sq.ft, which increased to Rs 134 per sq.ft in 2017. This was a decrease of 33%. However, from 2017 to 2023, the value rose significantly to Rs 300 per sq.ft, marking an increase of 124%. The most recent revision in 2024 saw the guideline value rise to Rs 501 per sq.ft, reflecting a substantial increase of 67% from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 151%. It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street.

Guideline values in Thadaperumbakkam

In Thadaperumbakkam, there are 50 streets under the Ponneri SRO that carry a 2024 guideline value ranging from Rs 500 to Rs 1,500 per sq.ft, with the median being Rs 501 per sq.ft. The guideline value for Pon Nagar Garden is equal to this median.

• Pon Nagar Kilaku: Rs 501 per sq.ft (2024)
• Pon Nagar: Rs 501 per sq.ft (2024)
• Prakash Garden: Rs 501 per sq.ft (2024)
• Pallavan Nagar: Rs 501 per sq.ft (2024)
• Ramachandira Nagar: Rs 501 per sq.ft (2024)
• Samundeeswari Nagar: Rs 501 per sq.ft (2024)

Stamp duty and registration fee for property in Pon Nagar Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 501 per sq.ft, the total guideline value would be Rs 5,01,000. The stamp duty at 7% would amount to Rs 35,070, and the registration fee at 2% would be Rs 10,020, bringing the total charges to Rs 45,090. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Pon Nagar Garden?

The Pon Nagar Garden area is covered by 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 Thadaperumbakkam

The guideline value plays a crucial role in the registration process when buying or selling property in Thadaperumbakkam. It serves as a benchmark for determining the stamp duty and registration fees, which are calculated based on the guideline value or the sale price, whichever is higher.

When a property transaction occurs, the guideline value ensures that the government receives appropriate revenue from the sale. Buyers and sellers must be aware of this value to understand the costs involved in the registration process.

Frequently asked questions

What is the current guideline value of Pon Nagar Garden?

The current guideline value of Pon Nagar Garden is Rs 501 per sq.ft as per the 2024 revision.

How has the guideline value changed over the years?

The guideline value has seen several changes, increasing from Rs 200 per sq.ft in 2012 to Rs 501 per sq.ft in 2024, which is an overall increase of 151%.

What is the stamp duty rate for properties in Pon Nagar Garden?

The stamp duty rate for properties in Pon Nagar Garden is 7% of the guideline value or the sale price, whichever is higher.

Where is the Ponneri Sub Registrar Office located?

The Ponneri Sub Registrar Office is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.

What are the other streets with the same guideline value in Thadaperumbakkam?

Other streets in Thadaperumbakkam with the same guideline value of Rs 501 per sq.ft include Pon Nagar Kilaku, Pon Nagar, Prakash Garden, Pallavan Nagar, Ramachandira Nagar, and Samundeeswari Nagar.