Guideline Value for PON NAGAR

Pon Nagar guideline value

The current guideline value of Pon Nagar, located in Thadaperumbakkam_2 village under the Ponneri SRO, is Rs 300 per sq.ft, effective from 1 July 2024. This area 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. The 2017 revision recorded a value of Rs 134 per sq.ft, which increased significantly to Rs 300 per sq.ft in the 2023 revision. The 2024 revision maintains this value at Rs 300 per sq.ft, indicating no change from the previous year. Notably, there are no figures available in the register for the years 2002, 2003, 2007, and 2012 for this street.

When looking at the overall changes, the guideline value increased by 124% from the 2017 revision to the 2024 revision. The 2023 to 2024 revision shows a stable rate with a 0% change.

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's 2024 guideline value aligns with this median.

• Pon Nagar Garden: Rs 300 per sq.ft (2024)
• Pon Nagar Kilaku: 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

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value would be Rs 3,00,000. The stamp duty at 7% would amount to Rs 21,000, and the registration fee at 2% would be Rs 6,000, bringing the total to Rs 27,000. It is important to note that the 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?

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_2

The guideline value is a crucial factor during the registration of property transactions in Thadaperumbakkam_2. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When a property is sold, the buyer must ensure that the sale price is at least equal to the guideline value to avoid any legal complications. This ensures transparency and fairness in property transactions within the region.

Frequently asked questions

What is the current guideline value of Pon Nagar?

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

How 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 an overall increase of 124% since 2017.

What are the other streets with guideline values in Thadaperumbakkam_2?

Other streets in Thadaperumbakkam_2 include Pon Nagar Garden, Pon Nagar Kilaku, Prakash Garden, Pallavan Nagar, Samundeeswari Nagar, and Senthamizh Nagar, all with varying guideline values.

How is stamp duty calculated in Pon Nagar?

Stamp duty in Pon Nagar is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 300 per sq.ft incurs a stamp duty of Rs 21,000.

Where can I find the Sub Registrar Office for Pon Nagar?

The Sub Registrar Office covering Pon Nagar is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find more details online.