Guideline Value for PONNERI HIGH ROAD

Ponneri High Road guideline value

The current guideline value of Ponneri High Road is Rs 551 per sq.ft, effective from 1 July 2024. This property is located in Vallur village under the Thiruvottiyur SRO and is classified as Commercial Class I Type - I.

How the guideline value of Ponneri High Road has changed

In the 2017 revision, the guideline value for Ponneri High Road was Rs 335 per sq.ft. This increased to Rs 500 per sq.ft in the 2023 revision, marking a significant rise of 49%. The most recent revision in 2024 saw the guideline value further increase to Rs 551 per sq.ft, which is a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Vallur

In Vallur, there are 75 streets under the Thiruvottiyur SRO that have a 2024 guideline value ranging from Rs 220 to Rs 551 per sq.ft, with a median value of Rs 220 per sq.ft. The guideline value of Ponneri High Road is above this median.

• Ponkovil Nagar: Rs 220 per sq.ft (2024)
• Pomanam Nagar: Rs 220 per sq.ft (2024)
• Perumal Nagar: Rs 220 per sq.ft (2024)
• Perumal Koil Street: Rs 220 per sq.ft (2024)
• Rajeshwari Nagar: Rs 550 per sq.ft (2024)
• Pallavan Nagar: Rs 220 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 551 per sq.ft, the guideline value would be Rs 5,51,000. The stamp duty at 7% would amount to Rs 38,570, and the registration fee at 2% would be Rs 11,020, totaling Rs 49,590. It is important to note that the 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 Vallur

The guideline value is a crucial factor in property transactions in Vallur. It serves as a benchmark for determining the stamp duty and registration fees that buyers must pay when purchasing property. This value is set by the Registration Department and is periodically revised to reflect changes in the real estate market.

When selling property, the guideline value can also influence the sale price, as it provides a reference point for both buyers and sellers. It is essential for both parties to be aware of the current guideline value to ensure a smooth transaction process.

Frequently asked questions

What is the current guideline value of Ponneri High Road?

The current guideline value of Ponneri High Road is Rs 551 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 335 per sq.ft to Rs 551 per sq.ft in 2024, representing a total increase of 64% over these years.

What is the land classification for Ponneri High Road?

Ponneri High Road is classified as Commercial Class I Type - I under the Thiruvottiyur SRO.

What are the stamp duty and registration fees for property in Ponneri High Road?

The stamp duty is calculated at 7% of the guideline value, while the registration fee is 2%. For a property valued at Rs 5,51,000, the total fees would amount to Rs 49,590.

Which Sub Registrar Office covers Ponneri High Road?

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