Guideline Value for PONNERI HIGH ROAD

Ponneri High Road guideline value

The current guideline value of Ponneri High Road is Rs 1,003 per sq.ft, effective from 1 July 2024. This road is located in Kadappakkam village and falls under the Thiruvottiyur SRO. The land classification for this area is Commercial Class I Type - II.

How the guideline value of Ponneri High Road has changed

The guideline value for Ponneri High Road has seen several revisions over the years. The earliest recorded figure is from 2007, which was Rs 300 per sq.ft. This increased to Rs 500 per sq.ft in 2012, followed by a decrease to Rs 335 per sq.ft in 2017. The value then rose significantly to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,003 per sq.ft in 2024. Notably, there are no figures available for the years 2002 and 2003 for this street.

From 2017 to 2023, the guideline value increased by 199%. However, from 2012 to 2017, there was a decrease of 33%. The increase from 2007 to 2012 was 67%. Overall, from 2007 to 2024, the guideline value has risen by 234%.

Guideline values in Kadappakkam

Kadappakkam village has a total of 17 streets under the Thiruvottiyur SRO that carry a 2024 guideline value ranging from Rs 1,001 to Rs 1,200 per sq.ft. The median value for these streets is Rs 1,002 per sq.ft, placing Ponneri High Road above this median.

• Pillaiyar Koil Street: Rs 1,002 per sq.ft (2024)
• Perumal Koil Street: Rs 1,002 per sq.ft (2024)
• Rajivgandhi Nagar: Rs 1,002 per sq.ft (2024)
• Muthu Complex: Rs 1,002 per sq.ft (2024)
• Manali New Town (T N H B & C M D A): Rs 1,100 per sq.ft (2024)
• Madras Redhills Road: Rs 1,002 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 1,003 per sq.ft, the total guideline value would be Rs 10,03,000. The stamp duty at 7% would amount to Rs 70,210, while the registration fee at 2% would be Rs 20,060. Therefore, the total cost for stamp duty and registration would be Rs 90,270. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more 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 Kadappakkam

The guideline value is a crucial factor in property transactions in Kadappakkam, as it determines the minimum value at which properties can be registered. Buyers and sellers must consider this value to ensure compliance with registration requirements.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Ponneri High Road?

The current guideline value of Ponneri High Road is Rs 1,003 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 300 per sq.ft in 2007 to Rs 1,003 per sq.ft in 2024, marking an overall increase of 234%.

What is the land classification for Ponneri High Road?

Ponneri High Road is classified as Commercial Class I Type - II, indicating its suitability for commercial activities.

What are the stamp duty and registration fees for properties on Ponneri High Road?

The stamp duty is 7% and the registration fee is 2% of the guideline value or sale price, whichever is higher. For a 1,000 sq.ft plot, the total cost for these fees would be Rs 90,270.

Which office handles property registrations for Ponneri High Road?

The Thiruvottiyur Sub Registrar Office handles property registrations for Ponneri High Road, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.