Guideline Value for PONNERI - PUDHUVOYAL ROAD

Ponneri - Pudhuvoyal Road guideline value

The current guideline value of Ponneri - Pudhuvoyal Road is Rs 300 per sq.ft, effective from 1 July 2024. This road is located in Chinnakavanam village under the Ponneri SRO, classified as Residential Class II Type - I.

How the guideline value of Ponneri - Pudhuvoyal Road has changed

The guideline value for Ponneri - Pudhuvoyal Road has seen several revisions over the years. The 2012 revision set the value at Rs 200 per sq.ft, which was then reduced to Rs 134 per sq.ft in the 2017 revision. From 2017 to 2023, the value increased significantly by 124%, reaching Rs 300 per sq.ft, which remained unchanged in the 2024 revision.

In summary, the guideline value has changed from Rs 200 per sq.ft in 2012 to Rs 300 per sq.ft in 2024, representing an overall increase of 50% over this period. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Chinnakavanam

In Chinnakavanam, there are 28 streets under the Ponneri SRO that carry a 2024 guideline value ranging from Rs 300 to Rs 400 per sq.ft, with the median value being Rs 300 per sq.ft. The guideline value for Ponneri - Pudhuvoyal Road aligns with this median.

• Perumbedu Salai: Rs 300 per sq.ft (2024)
• Periya Thambi Mudali St: Rs 300 per sq.ft (2024)
• Pazaverkadu Salai: Rs 300 per sq.ft (2024)
• Rajeswari Nagar: Rs 300 per sq.ft (2024)
• Ramaswami Mudhali Street: Rs 300 per sq.ft (2024)
• Rasi Garden @ Gomathi Amman Nagar: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Ponneri - Pudhuvoyal Road

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, bringing the total charges to Rs 27,000. Duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Ponneri - Pudhuvoyal Road?

The Ponneri - Pudhuvoyal Road 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 Chinnakavanam

The guideline value is a crucial factor during the registration of property transactions in Chinnakavanam. It determines the minimum value at which a property can be registered, ensuring that all transactions are conducted at a fair and transparent price.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. Buyers should be aware that these costs are based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Ponneri - Pudhuvoyal Road?

The current guideline value of Ponneri - Pudhuvoyal Road is Rs 300 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 300 per sq.ft in 2024, with significant increases noted in the years between revisions.

What is the stamp duty for property in Ponneri - Pudhuvoyal Road?

The stamp duty is calculated at 7% of the guideline value or sale price, whichever is higher. For a 1,000 sq.ft plot, the stamp duty would amount to Rs 21,000.

Where is the Ponneri Sub Registrar Office located?

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

What is the land classification for Ponneri - Pudhuvoyal Road?

Ponneri - Pudhuvoyal Road is classified as Residential Class II Type - I according to the guideline value register.