Guideline Value for PONNERI HIGH ROAD

Ponneri High Road guideline value

The current guideline value of Ponneri High Road in Edayanchavadi village, under the Thiruvottiyur SRO, is Rs 1,002 per sq.ft, effective from 1 July 2024. This area is classified as Commercial Class I Type - I.

How the guideline value of Ponneri High Road has changed

The guideline value for Ponneri High Road has undergone several revisions over the years. The earliest recorded figure is from 2017, which was Rs 335 per sq.ft. This increased significantly to Rs 1,000 per sq.ft in 2023, marking a 199% increase over the six-year period. The 2024 revision saw a slight increase to Rs 1,002 per sq.ft, which represents no percentage change from the previous year.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. Overall, from the 2017 revision to the current 2024 revision, the guideline value has increased by 199%.

Guideline values in Edayanchavadi

In Edayanchavadi, there are 23 streets under the Thiruvottiyur SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 1,100 per sq.ft, with a median of Rs 1,001 per sq.ft. Ponneri High Road's 2024 figure of Rs 1,002 per sq.ft is above this median.

• Prem Nagar: Rs 1,001 per sq.ft (2024)
• Perumal Koil Street: Rs 1,001 per sq.ft (2024)
• Rajarajeswari Nagar: Rs 1,001 per sq.ft (2024)
• Sangeetha Nagar: Rs 1,001 per sq.ft (2024)
• M.R.F. Nagar: Rs 1,001 per sq.ft (2024)
• Moideen Nagar: Rs 1,001 per sq.ft (2024)

Stamp duty and registration fee for property in Ponneri High Road

For a 1,000 sq.ft plot at the current guideline value of Rs 1,002 per sq.ft, the total guideline value would be Rs 10,02,000. The stamp duty at 7% would amount to Rs 70,140, and the registration fee at 2% would be Rs 20,040, totaling Rs 90,180. Please note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for precise calculations based on your property details.

Which Sub Registrar Office covers Ponneri High Road?

The Sub Registrar Office that covers Ponneri High Road 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 Edayanchavadi

The guideline value is a crucial factor in the registration process when buying or selling property in Edayanchavadi. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When registering a property, the guideline value is used to calculate the fees, ensuring that both the buyer and seller comply with the legal requirements set forth by the Registration Department.

Frequently asked questions

What is the current guideline value of Ponneri High Road?

The current guideline value of Ponneri High Road is Rs 1,002 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased from Rs 335 per sq.ft in 2017 to Rs 1,002 per sq.ft in 2024, marking a total increase of 199% over this period.

What are the other streets in Edayanchavadi and their guideline values?

Other streets in Edayanchavadi include Prem Nagar, Perumal Koil Street, Rajarajeswari Nagar, Sangeetha Nagar, M.R.F. Nagar, and Moideen Nagar, all of which have a guideline value of Rs 1,001 per sq.ft in 2024.

What fees are associated with purchasing property on Ponneri High Road?

When purchasing property on Ponneri High Road, buyers should consider the stamp duty of 7% and a registration fee of 2% based on the guideline value or sale price, whichever is higher.

Where can I find my Sub Registrar Office?

The Sub Registrar Office for Ponneri High Road is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find more information by visiting the provided link.