Guideline Value for PONNERI HIGH ROAD

Ponneri High Road guideline value

The current guideline value of Ponneri High Road is Rs 550 per sq.ft, effective from 1 July 2024. This road is located in Vichoor_B village under the Thiruvottiyur SRO, 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 seen several revisions over the years. The 2017 revision set the value at Rs 335 per sq.ft, which increased to Rs 500 per sq.ft in 2023. The latest revision in 2024 raised the value to Rs 550 per sq.ft, marking a 10% increase from the previous year. Overall, from 2017 to 2024, the guideline value has increased by 64%.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. The significant changes include a 49% rise from 2017 to 2023 and a steady increase leading to the current rate.

Guideline values in Vichoor_B

In Vichoor_B, there are 45 streets under the Thiruvottiyur SRO with a guideline value range from Rs 330 to Rs 550 per sq.ft. The median value for these streets is Rs 485 per sq.ft, placing Ponneri High Road above the median.

• New Sun City: Rs 550 per sq.ft (2024)
• R.M. Nagar: Rs 330 per sq.ft (2024)
• Muthulakshmi Nagar: Rs 330 per sq.ft (2024)
• Sastha Nagar: Rs 330 per sq.ft (2024)
• Muthaalamman Nagar: Rs 330 per sq.ft (2024)
• Selvam Avenu: Rs 330 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 rate of Rs 550 per sq.ft, the guideline value amounts to Rs 5,50,000. The stamp duty at 7% would be Rs 38,500, and the registration fee at 2% would be Rs 11,000, totaling Rs 49,500. It is important to note that duty is charged on the higher of the guideline value or the sale price. For more details, 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 information.

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

The guideline value is a crucial factor when registering property transactions in Vichoor_B. It determines the minimum value at which the property can be registered, impacting the stamp duty and registration fees applicable to the transaction.

When a property is bought or sold, the guideline value serves as a benchmark to ensure that the transaction is recorded at a value that reflects the current market conditions as assessed by the registration department. This ensures transparency and fairness in property dealings.

Frequently asked questions

What is the current guideline value of Ponneri High Road?

The current guideline value of Ponneri High Road is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 335 per sq.ft in 2017 to Rs 500 per sq.ft in 2023, and then to Rs 550 per sq.ft in 2024. This represents a 64% increase from 2017 to 2024.

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

Other streets in Vichoor_B include New Sun City at Rs 550 per sq.ft, R.M. Nagar, Muthulakshmi Nagar, Sastha Nagar, Muthaalamman Nagar, and Selvam Avenu, all at Rs 330 per sq.ft for 2024.

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

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For a plot of 1,000 sq.ft at Rs 550 per sq.ft, the stamp duty would be Rs 38,500.

Where can I find the Thiruvottiyur Sub Registrar Office?

The Thiruvottiyur Sub Registrar Office is located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can also find your SRO online.