Guideline Value for PONNERI HIGH ROAD

Ponneri High Road guideline value

The current guideline value of Ponneri High Road is Rs 1,005 per sq.ft, effective from 1 July 2024. This street is located in Manali village, under the Thiruvottiyur SRO, and is classified as Residential 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. In 2007, the value was Rs 400 per sq.ft, which increased to Rs 800 per sq.ft in 2012. However, it then decreased to Rs 536 per sq.ft in 2017. The value saw a significant increase to Rs 1,000 per sq.ft in 2023, and currently stands at Rs 1,005 per sq.ft as of the 2024 revision. The register has no figures for the years 2002 and 2003 for this street.

From 2017 to 2023, the guideline value increased by 87%. The change from 2012 to 2017 was a decrease of 33%, while from 2007 to 2012, it saw a 100% increase. Overall, from 2007 to 2024, the guideline value has increased by 151%.

Guideline values in Manali

In Manali village, there are 84 streets under the Thiruvottiyur SRO with a 2024 guideline value ranging from Rs 1,001 to Rs 3,300 per sq.ft. The median value for these streets is Rs 1,200 per sq.ft, making the guideline value for Ponneri High Road below this median.

• Poombukar Nagar: Rs 1,200 per sq.ft (2024)
• Poongavanam Street: Rs 1,200 per sq.ft (2024)
• Perumal Koil Street: Rs 1,500 per sq.ft (2024)
• P.R.K. Sharma Street: Rs 1,500 per sq.ft (2024)
• Periya Thoppu Selva Vinayagar Koil Street: Rs 1,200 per sq.ft (2024)
• Periya Thoppu (Kaal Thottam): Rs 1,200 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 1,005 per sq.ft, the total guideline value would be Rs 10,05,000. The stamp duty at 7% would amount to Rs 70,350, and the registration fee at 2% would be Rs 20,100, bringing the total to Rs 90,450. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

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 details.

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

The guideline value is a crucial factor in property transactions in Manali, as it determines the minimum value at which a property can be registered. When you buy or sell property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for the legal transfer of property ownership.

It is essential for buyers and sellers to be aware of the current guideline value, as it can influence the overall cost of the transaction. Ensuring that the property is registered at or above the guideline value is necessary for compliance with local regulations.

Frequently asked questions

What is the current guideline value of Ponneri High Road?

The current guideline value of Ponneri High Road is Rs 1,005 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2007 to Rs 1,005 per sq.ft in 2024, marking an overall increase of 151% over the years.

What is the land classification for Ponneri High Road?

Ponneri High Road is classified as Residential Class I Type - I, which indicates its suitability for residential development.

Where can I find the Sub Registrar Office for Ponneri High Road?

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

How is the stamp duty calculated for properties in Ponneri High Road?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For instance, for a property valued at Rs 10,05,000, the stamp duty at 7% would be Rs 70,350.