Guideline Value for PON NAGAR KILAKU

Pon Nagar Kilaku guideline value

The current guideline value of Pon Nagar Kilaku is Rs 501 per sq.ft, effective from 1 July 2024. This area is located in Thadaperumbakkam village under the Ponneri SRO, classified as Residential Class II Type - I.

How the guideline value of Pon Nagar Kilaku has changed

Over the years, the guideline value of Pon Nagar Kilaku has seen several revisions. The 2012 revision set the value at Rs 200 per sq.ft, which changed to Rs 134 per sq.ft in 2017. Following this, the 2023 revision increased it to Rs 300 per sq.ft, and the most recent revision in 2024 raised it to Rs 501 per sq.ft. The register has no figure for the years 2002, 2003, and 2007.

From 2012 to 2017, there was a decrease of 33%, but the value increased significantly by 124% from 2017 to 2023. The jump from 2023 to 2024 reflects an increase of 67%. Overall, from 2012 to 2024, the guideline value has risen by 151%.

Guideline values in Thadaperumbakkam

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

• Pon Nagar Garden: 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 Kilaku

For a 1,000 sq.ft plot at the current guideline value of Rs 501 per sq.ft, the total guideline value amounts to Rs 5,01,000. The stamp duty at 7% would be Rs 35,070, and the registration fee at 2% would be Rs 10,020, totaling Rs 45,090. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Pon Nagar Kilaku?

The Pon Nagar Kilaku area falls under 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 is a critical factor in property transactions in Thadaperumbakkam, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees that need to be paid during the registration process.

It is important to note that the guideline value is not necessarily the same as the market price of the property. Buyers and sellers should be aware that the duty is charged on the higher of the guideline value or the sale price, ensuring that the registration reflects the true value of the transaction.

Frequently asked questions

What is the current guideline value of Pon Nagar Kilaku?

The current guideline value of Pon Nagar Kilaku is Rs 501 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2012 to Rs 501 per sq.ft in 2024, with various revisions in between, including Rs 134 per sq.ft in 2017 and Rs 300 per sq.ft in 2023.

What are the other streets in Thadaperumbakkam with similar guideline values?

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

What is the stamp duty rate in Pon Nagar Kilaku?

The stamp duty rate in Pon Nagar Kilaku is 7% of the guideline value or the 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.