Guideline Value

Corporate

Guideline Value for PONNI AMMAN NAGAR

₹1950/sq.ft.

The guideline value for Ponni Amman Nagar in Ramapuram village (Chennai South Joint Ii SRO, Chennai zone) is Rs 1950 per sq.ft, effective 1 July 2024. It was Rs 1750 per sq.ft from 1 April 2023, a 11% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Ramapuram

Village

Chennai South Joint II

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹1950 /sq.ft.
From 1-4-2023 ₹1750 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1172 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1750 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹900 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹346 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹280 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Integrated Building For Offices Of The Commerrcial Taxes And Registrations Department ,fanepet Nandanam ,chennai -600 035
044-29510538
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Ponni Amman Nagar

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Ponni Amman Nagar guideline value

The current guideline value of Ponni Amman Nagar is Rs 1,950 per sq.ft, effective from 1 July 2024. This area is located in Ramapuram village and falls under the Chennai South Joint II SRO. The land classification for this street is Residential Class III Type - I.

How the guideline value of Ponni Amman Nagar has changed

The guideline value for Ponni Amman Nagar has seen several revisions over the years. The earliest recorded value in 2002 was Rs 280 per sq.ft, which increased to Rs 346 per sq.ft in 2003. Following this, the value rose significantly to Rs 900 per sq.ft in 2007, and then to Rs 1,750 per sq.ft in 2012. However, it decreased to Rs 1,172 per sq.ft in 2017. The value then increased to Rs 1,750 per sq.ft in 2023, and currently stands at Rs 1,950 per sq.ft as of the 2024 revision.

Between the revisions, the changes were as follows: from 2002 to 2003, there was a 24% increase; from 2003 to 2007, it rose by 160%; from 2007 to 2012, it decreased by 33%; from 2012 to 2017, it increased by 49%; and from 2023 to 2024, there was an 11% increase. Overall, from 2002 to 2024, the guideline value has increased by 596%.

Guideline values in Ramapuram

In Ramapuram village, there are 394 streets under the Chennai South Joint II SRO that have a 2024 guideline value ranging from Rs 1,950 to Rs 6,600 per sq.ft, with a median value of Rs 3,100 per sq.ft. Ponni Amman Nagar's 2024 figure is below this median.

Stamp duty and registration fee for property in Ponni Amman Nagar

For a 1,000 sq.ft plot at the current rate of Rs 1,950 per sq.ft, the guideline value amounts to Rs 19,50,000. The stamp duty at 7% would be Rs 1,36,500, and the registration fee at 2% would be Rs 39,000, totaling Rs 1,75,500. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ponni Amman Nagar?

The Sub Registrar Office that covers Ponni Amman Nagar is the Chennai South Joint II Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, fanepet Nandanam, Chennai -600 035. You can find your SRO for further assistance.

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

The guideline value is a crucial factor when buying or selling property in Ramapuram. It serves as a benchmark for determining the minimum value of a property for registration purposes. Buyers and sellers must consider this value to ensure compliance with registration regulations.

When a property transaction occurs, the guideline value is used to calculate the stamp duty and registration fees. This ensures that the transaction is recorded accurately, reflecting the value as per the government's assessment, which is essential for legal and financial purposes.

Frequently asked questions

What is the current guideline value of Ponni Amman Nagar?

The current guideline value of Ponni Amman Nagar is Rs 1,950 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 280 per sq.ft in 2002 to Rs 1,950 per sq.ft in 2024, showing an overall increase of 596% over this period.

What is the registration office for Ponni Amman Nagar?

The registration office for Ponni Amman Nagar is the Chennai South Joint II Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, fanepet Nandanam, Chennai -600 035.

How is stamp duty calculated for property in Ponni Amman Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value would incur a total stamp duty and registration fee of Rs 1,75,500.

What are the other streets in Ramapuram with their guideline values?

Other streets in Ramapuram include Ponnusamy Naicker Street and Prakasam Street, both at Rs 1,950 per sq.ft, while Pillaiyar Koil Street and its 1st and 2nd extensions are valued at Rs 2,750 per sq.ft.