Guideline Value for PON NAGAR KILAKU

Pon Nagar Kilaku guideline value

The current guideline value of Pon Nagar Kilaku is Rs 300 per sq.ft, effective from 1 July 2024. This street is located in Thadaperumbakkam_2 village under the Ponneri SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Pon Nagar Kilaku has changed

The guideline value for Pon Nagar Kilaku has undergone several revisions over the years. The earliest recorded figure is from the 2017 revision, which was Rs 134 per sq.ft. This increased to Rs 300 per sq.ft in both the 2023 and 2024 revisions, marking a significant increase of 124% from 2017 to 2023 and maintaining the same value into 2024. Notably, the register has no figure for this street in the years 2002, 2003, 2007, and 2012.

From the 2023 revision to the 2024 revision, there was no change, with the guideline value remaining at Rs 300 per sq.ft. Overall, the guideline value has increased by 124% from the 2017 revision to the 2024 revision, reflecting the changes in the property market over these years.

Guideline values in Thadaperumbakkam_2

In Thadaperumbakkam_2, there are 23 streets under the Ponneri SRO that have a 2024 guideline value ranging from Rs 300 to Rs 600 per sq.ft, with a median value of Rs 300 per sq.ft. The guideline value for Pon Nagar Kilaku aligns with this median at Rs 300 per sq.ft.

• Pon Nagar Garden: 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 Kilaku

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, totaling Rs 27,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Pon Nagar Kilaku?

The Sub Registrar Office that covers Pon Nagar Kilaku is 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_2

The guideline value is a crucial factor in the registration process when buying or selling property in Thadaperumbakkam_2. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs associated with the transfer of property ownership. Buyers should be aware of these costs to ensure they are adequately prepared for the financial requirements of their property transaction.

Frequently asked questions

What is the current guideline value of Pon Nagar Kilaku?

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

How much has the guideline value changed over the years?

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

What are the stamp duty rates for property in Pon Nagar Kilaku?

The stamp duty for property in Pon Nagar Kilaku is charged at 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Pon Nagar Kilaku located?

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

What is the land classification for Pon Nagar Kilaku?

The land classification for Pon Nagar Kilaku is Residential Class II Type - I.