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 Sadayankuppam village, under the Thiruvottiyur SRO, and 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 revision was in 2007, where the value was Rs 250 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 saw a significant rise to Rs 1,000 per sq.ft in 2023, and currently stands at Rs 1,003 per sq.ft as of the 2024 revision. 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%. The value from 2012 to 2017 decreased by 33%, while from 2007 to 2012, it increased by 100%. Overall, the guideline value has risen by 301% from 2007 to 2024.

Guideline values in Sadayankuppam

Sadayankuppam has a total of 20 streets under the Thiruvottiyur SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 1,200 per sq.ft. The median value for these streets is Rs 1,002 per sq.ft, making the 2024 figure for Ponneri High Road above that median.

• Perumal Koil Street: Rs 1,000 per sq.ft (2024)
• Pancavarnam Street: Rs 1,001 per sq.ft (2024)
• Ramalakshmi Nagar: Rs 1,002 per sq.ft (2024)
• Revathi Nagar: Rs 1,000 per sq.ft (2024)
• R.K. Nagar: Rs 1,002 per sq.ft (2024)
• Nethaji Nagar: 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 be Rs 70,210, and the registration fee at 2% would be Rs 20,060, making the total cost Rs 90,270. It is important to 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 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 Sadayankuppam

The guideline value plays a crucial role during the registration of property transactions in Sadayankuppam. It is used to determine the stamp duty and registration fees that must be paid at the time of registration.

When buying or selling property, the guideline value is considered as a reference point for calculating the applicable duties. Buyers should be aware that the stamp duty is charged on the higher of the guideline value or the sale price, ensuring that the correct fees are paid during the registration process.

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 seen several revisions, starting from Rs 250 per sq.ft in 2007 to Rs 1,003 per sq.ft in 2024, with notable changes in between.

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

Other streets in Sadayankuppam include Perumal Koil Street at Rs 1,000 per sq.ft, Pancavarnam Street at Rs 1,001 per sq.ft, and Ramalakshmi Nagar at Rs 1,002 per sq.ft, among others.

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

The stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the total stamp duty would be Rs 70,210.

Where is the Sub Registrar Office for Ponneri High Road located?

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