Guideline Value for PON NAGAR GARDEN

Pon Nagar Garden guideline value

The current guideline value of Pon Nagar Garden, located in Thadaperumbakkam_2 village under the Ponneri SRO, is Rs 300 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 Pon Nagar Garden has changed

The guideline value for Pon Nagar Garden has undergone several revisions over the years. In the 2017 revision, the value was set at Rs 134 per sq.ft. This increased significantly to Rs 300 per sq.ft in the 2023 revision, marking a 124% rise. The 2024 revision has maintained this value at Rs 300 per sq.ft, showing no change from the previous year.

There are no figures available for the years 2002, 2003, 2007, and 2012 for this street. Overall, from the 2017 revision to the current 2024 revision, the guideline value has increased by 124%.

Guideline values in Thadaperumbakkam_2

In Thadaperumbakkam_2, there are 23 streets under the Ponneri SRO that carry a 2024 guideline value ranging from Rs 300 to Rs 600 per sq.ft, with the median value being Rs 300 per sq.ft. Pon Nagar Garden's guideline value aligns with this median at Rs 300 per sq.ft.

• Pon Nagar Kilaku: Rs 300 per sq.ft (2024)
• Pon Nagar: Rs 300 per sq.ft (2024)
• Prakash Garden: Rs 300 per sq.ft (2024)
• Pallavan Nagar: Rs 300 per sq.ft (2024)
• Samundeeswari Nagar: Rs 300 per sq.ft (2024)
• Senthamizh Nagar: Rs 400 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 300 per sq.ft, the total guideline value amounts to 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, bringing the total cost for these fees to Rs 27,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Pon Nagar Garden?

The Sub Registrar Office that covers Pon Nagar Garden is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Thadaperumbakkam_2

The guideline value is a crucial factor during property transactions in Thadaperumbakkam_2, as it determines the minimum price at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations and to estimate the associated costs accurately.

When a property is sold, the guideline value is used to calculate stamp duty and registration fees, which are necessary for the legal transfer of ownership. This ensures that both parties are aware of the financial implications of the transaction based on the established guideline value.

Frequently asked questions

What is the current guideline value of Pon Nagar Garden?

The current guideline value of Pon Nagar Garden is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen a significant increase from Rs 134 per sq.ft in 2017 to Rs 300 per sq.ft in both 2023 and 2024, reflecting a 124% rise overall from 2017 to 2024.

Are there any years without a guideline value for Pon Nagar Garden?

Yes, the register has no figures for the years 2002, 2003, 2007, and 2012 for Pon Nagar Garden.

What is the registration office for Pon Nagar Garden?

The registration office for Pon Nagar Garden is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.

How is stamp duty calculated for properties in Pon Nagar Garden?

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