Guideline Value for PONNAMANIYAMMAN KOVIL ST

Ponnamaniyamman Kovil St guideline value

The current guideline value of Ponnamaniyamman Kovil St is Rs 750 per sq.ft, effective from 1 July 2024. This street is located in Walajabad village under the Walajabad SRO, classified as Residential Class IV Type - I.

How the guideline value of Ponnamaniyam Kovil St has changed

In the 2012 revision, the guideline value was set at Rs 750 per sq.ft. This figure remained unchanged until the 2017 revision, where it dropped to Rs 502 per sq.ft. The subsequent revisions saw an increase, with the guideline value rising to Rs 750 per sq.ft in both the 2023 and 2024 revisions, reflecting a 49% increase from 2017 to 2023 and a 0% change from 2023 to 2024. The register has no figure for the years 2002, 2003, and 2007.

Overall, from the 2012 revision to the 2024 revision, the guideline value has remained the same at Rs 750 per sq.ft. This consistency indicates stability in the valuation for Ponnamaniyamman Kovil St over the years.

Guideline values in Walajabad

Walajabad village has a total of 196 streets under the Walajabad SRO with a 2024 guideline value ranging from Rs 400 to Rs 2,000 per sq.ft. The median guideline value for these streets is Rs 750 per sq.ft, which aligns with the current figure for Ponnamaniyamman Kovil St.

• Ponnamaniyamman Kovil St: Rs 750 per sq.ft (2024)
• P.K .Chetty Street: Rs 750 per sq.ft (2024)
• Puthucheri South Srteet: Rs 750 per sq.ft (2024)
• Periyar Nagar: Rs 1,200 per sq.ft (2024)
• Payaniyar St: Rs 750 per sq.ft (2024)
• Paravatharajakulam Sivan Paddai St: Rs 750 per sq.ft (2024)

Stamp duty and registration fee for property in Ponnamaniyamman Kovil St

For a 1,000 sq.ft plot at the current rate of Rs 750 per sq.ft, the guideline value amounts to Rs 7,50,000. The stamp duty is calculated at 7%, which totals Rs 52,500, and the registration fee at 2% amounts to Rs 15,000. Together, these fees total Rs 67,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ponnamaniyamman Kovil St?

The Sub Registrar Office that covers Ponnamaniyamman Kovil St is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Walajabad. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duties and registration fees.

When buying or selling property, the guideline value helps both parties understand the fair valuation of the property. This value is particularly important as it is used to calculate the applicable stamp duty and registration fees, which are essential components of the property transaction process.

Frequently asked questions

What is the current guideline value of Ponnamaniyamman Kovil St?

The current guideline value of Ponnamaniyamman Kovil St is Rs 750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 750 per sq.ft in 2012 to Rs 502 per sq.ft in 2017, then back to Rs 750 per sq.ft in both 2023 and 2024. The overall change from 2012 to 2024 is 0%.

What is the land classification for Ponnamaniyamman Kovil St?

Ponnamaniyamman Kovil St is classified as Residential Class IV Type - I, indicating its suitability for residential development.

Where can I find the registration office for Ponnamaniyamman Kovil St?

The registration office for Ponnamaniyamman Kovil St is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.

How is stamp duty calculated for properties in Ponnamaniyamman Kovil St?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For a plot of 1,000 sq.ft at the current guideline value, the total stamp duty and registration fees amount to Rs 67,500.