Guideline Value

Corporate

Guideline Value for PONKOVIL NAGAR

₹220/sq.ft.

The guideline value for Ponkovil Nagar in Vallur village (Thiruvottiyur SRO, Chennai zone) is Rs 220 per sq.ft, effective 1 July 2024. It was Rs 200 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Vallur

Village

Thiruvottiyur

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹220 /sq.ft.
From 1-4-2023 ₹200 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹134 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019
044-25992232
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Ponkovil Nagar

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Ponkovil Nagar guideline value

The current guideline value of Ponkovil Nagar is Rs 220 per sq.ft, effective from 1 July 2024. This area is located in Vallur village, under the Thiruvottiyur SRO, and is classified as Residential Class II Type - I.

How the guideline value of Ponkovil Nagar has changed

The guideline value for Ponkovil Nagar has experienced several revisions over the years. The earliest recorded figure is from the 2017 revision, which was Rs 134 per sq.ft. This increased significantly to Rs 200 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 has set the guideline value at Rs 220 per sq.ft, reflecting a further 10% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for Ponkovil Nagar. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%.

Guideline values in Vallur

In Vallur village, there are 75 streets under the Thiruvottiyur SRO that carry a 2024 guideline value ranging from Rs 220 to Rs 551 per sq.ft. The median value is Rs 220 per sq.ft, which is equal to the guideline value of Ponkovil Nagar.

Stamp duty and registration fee for property in Ponkovil Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 220 per sq.ft, the total guideline value amounts to Rs 2,20,000. The stamp duty, calculated at 7%, would be Rs 15,400, and the registration fee at 2% would be Rs 4,400, bringing the total cost for these fees to Rs 19,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ponkovil Nagar?

The Sub Registrar Office that covers Ponkovil Nagar is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more information.

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

The guideline value is a critical factor when registering properties in Vallur. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction process. Buyers and sellers should be aware that the guideline value may differ from the actual sale price.

When a property is sold, the registration office will assess the guideline value to ensure that the appropriate duties and fees are collected. This means that understanding the current guideline value is essential for both buyers and sellers to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of Ponkovil Nagar?

The current guideline value of Ponkovil Nagar is Rs 220 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 134 per sq.ft in 2017 to Rs 200 per sq.ft in 2023, and then to Rs 220 per sq.ft in 2024. Overall, this represents a 64% increase from 2017 to 2024.

What are the stamp duty and registration fees for a property in Ponkovil Nagar?

The stamp duty for a property valued at Rs 2,20,000 is Rs 15,400, and the registration fee is Rs 4,400, totaling Rs 19,800 in fees. These fees are based on the guideline value or the sale price, whichever is higher.

Which office handles property registrations in Ponkovil Nagar?

The Thiruvottiyur Sub Registrar Office handles property registrations in Ponkovil Nagar. It is located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

What is the significance of the guideline value when buying or selling property?

The guideline value is used to calculate the stamp duty and registration fees during property transactions. It ensures that the appropriate fees are collected based on the current regulations, which is essential for both buyers and sellers to comply with local laws.