Guideline Value for PON NAGAR

Pon Nagar guideline value

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

How the guideline value of Pon Nagar has changed

The guideline value for Pon Nagar has seen several revisions over the years. In 2012, the value was 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 set the guideline value at Rs 501 per sq.ft, reflecting a substantial increase of 67% from the previous year.

Overall, from 2012 to 2024, the guideline value has increased by 151%. The register has no figures 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 matches this median value.

• Pon Nagar Garden: Rs 501 per sq.ft (2024)
• Pon Nagar Kilaku: 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

For a 1,000 sq.ft plot at the current rate of Rs 501 per sq.ft, the 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, bringing the total fees together 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. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Pon Nagar?

The Pon Nagar 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 is a crucial factor in the registration process when buying or selling property in Thadaperumbakkam. It determines the minimum value at which a property can be registered, ensuring that the transaction is documented accurately for legal and taxation purposes.

When you complete a property transaction, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that both the buyer and seller are aware of the financial implications of the transaction.

Frequently asked questions

What is the current guideline value of Pon Nagar?

The current guideline value of Pon Nagar 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, marking an overall increase of 151% over this period.

What is the stamp duty rate for property in Pon Nagar?

The stamp duty rate for property in Pon Nagar is 7%, calculated on the higher of the guideline value or the sale price.

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.

Are there other streets with the same guideline value in Thadaperumbakkam?

Yes, other streets in Thadaperumbakkam, such as Pon Nagar Garden, Pon Nagar Kilaku, and several others, also have a guideline value of Rs 501 per sq.ft in 2024.