Guideline Value for PONNI AMMAN AVENUE

Ponni Amman Avenue guideline value

The current guideline value of Ponni Amman Avenue is Rs 900 per sq.ft. This street is located in Rathinamangalam village, under the Gooduvancheri SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of Ponni Amman Avenue has changed

The guideline value for Ponni Amman Avenue has undergone several revisions over the years. In the 2012 revision, the value was set at Rs 900 per sq.ft. However, in the 2017 revision, it decreased to Rs 603 per sq.ft, marking a decline of 33%. The most recent revision in 2023 saw a significant increase, bringing the guideline value back up to Rs 900 per sq.ft, which represents a 49% increase from the 2017 figure.

Overall, comparing the figures from 2012 to 2023 shows no change, as the value remained at Rs 900 per sq.ft. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2024 for this street.

Guideline values in Rathinamangalam

Currently, there are no specific village figures available for Rathinamangalam. Ponni Amman Avenue is the only street mentioned in the context of the Gooduvancheri SRO.

Stamp duty and registration fee for property in Ponni Amman Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 900 per sq.ft, the total guideline value amounts to Rs 9,00,000. The stamp duty is charged at 7%, which totals Rs 63,000, and the registration fee is 2%, amounting to Rs 18,000. Together, the total cost for stamp duty and registration fee comes to Rs 81,000. 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 detailed calculations.

Which Sub Registrar Office covers Ponni Amman Avenue?

The Sub Registrar Office that covers Ponni Amman Avenue is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

For more information, you can find your SRO.

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

The guideline value is a critical factor when buying or selling property in Rathinamangalam. It is used to determine the stamp duty and registration fees applicable during the registration process. Buyers should be aware that the guideline value may differ from the actual sale price, and the higher of the two will be used to calculate the applicable duties.

When registering a property, it is essential to consider the guideline value as it reflects the official valuation set by the Registration Department. This ensures that the transaction is compliant with local regulations and helps in determining the financial obligations associated with the property transfer.

Frequently asked questions

What is the current guideline value of Ponni Amman Avenue?

The current guideline value of Ponni Amman Avenue is Rs 900 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 900 per sq.ft in 2012 to Rs 603 per sq.ft in 2017, and then back to Rs 900 per sq.ft in 2023. This reflects a 49% increase from 2017 to 2023, but no overall change from 2012 to 2023.

What is the stamp duty rate for properties in Ponni Amman Avenue?

The stamp duty rate for properties in Ponni Amman Avenue is 7% of the guideline value or sale price, whichever is higher.

Where is the Gooduvancheri Sub Registrar Office located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

How is the guideline value used in property transactions?

The guideline value is used to calculate the stamp duty and registration fees during property transactions. It is essential for buyers and sellers to be aware of this value as it can impact the overall costs associated with buying or selling property in Rathinamangalam.