Guideline Value for PONNI COLONY 25th STREET

PONNI COLONY 25th STREET guideline value

The current guideline value of PONNI COLONY 25th STREET is Rs 9,800 per sq.ft, effective from 1 July 2024. This street is located in Villivakkam village, under the Villivakkam SRO, and is classified as Residential Class I Type - III.

How the guideline value of PONNI COLONY 25th STREET has changed

The guideline value for PONNI COLONY 25th STREET has seen several revisions over the years. The 2007 revision set the value at Rs 2,550 per sq.ft, which increased significantly to Rs 9,000 per sq.ft in 2012. However, there was a decline to Rs 6,030 per sq.ft in the 2017 revision. Following this, the value rose to Rs 9,000 per sq.ft in 2023, and the most recent revision in 2024 has set the value at Rs 9,800 per sq.ft.

In terms of changes, the guideline value increased by 253% from 2007 to 2012, then decreased by 33% from 2012 to 2017. There was a substantial increase of 49% from 2017 to 2023, and a further rise of 9% from 2023 to 2024. Overall, from 2007 to 2024, the guideline value has increased by 284%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Villivakkam

In Villivakkam, there are 372 streets under the Villivakkam SRO that carry a 2024 guideline value, ranging from Rs 1,600 to Rs 13,200 per sq.ft. The median guideline value in this area is Rs 4,900 per sq.ft, which means that PONNI COLONY 25th STREET's 2024 figure is above that median.

• Ponni Colony: Rs 9,800 per sq.ft (2024)
• PONNI COLONY 26th STREET: Rs 9,800 per sq.ft (2024)
• PONNI COLONY 27th STREET: Rs 9,800 per sq.ft (2024)
• PONNI COLONY 28th STREET: Rs 9,800 per sq.ft (2024)
• PONNI COLONY 29th STREET: Rs 9,800 per sq.ft (2024)
• Ponni Colony Main Road: Rs 9,800 per sq.ft (2024)

Stamp duty and registration fee for property in PONNI COLONY 25th STREET

For a 1,000 sq.ft plot at the current guideline value of Rs 9,800 per sq.ft, the total guideline value would be Rs 98,00,000. The stamp duty at 7% would amount to Rs 6,86,000, and the registration fee at 2% would be Rs 1,96,000, bringing the total costs together to Rs 8,82,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information on calculating these fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers PONNI COLONY 25th STREET?

The Sub Registrar Office that covers PONNI COLONY 25th STREET is the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more details.

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

The guideline value is a critical aspect when registering property transactions in Villivakkam. It serves as a benchmark for determining the minimum value at which property can be registered, ensuring that the government receives appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value helps both buyers and sellers understand the official valuation of the property. This value is used to calculate the applicable duties and fees, ensuring transparency and compliance with local regulations.

Frequently asked questions

What is the current guideline value of PONNI COLONY 25th STREET?

The current guideline value of PONNI COLONY 25th STREET is Rs 9,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 2,550 per sq.ft in 2007 to Rs 9,800 per sq.ft in 2024, with various increases and decreases in between.

What is the land classification for PONNI COLONY 25th STREET?

PONNI COLONY 25th STREET is classified as Residential Class I Type - III.

Where can I find the registration office for this area?

The registration office for PONNI COLONY 25th STREET is the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the stamp duty for a property in PONNI COLONY 25th STREET?

The stamp duty for a property at the current guideline value would be 7% of the guideline value. For a 1,000 sq.ft plot, this amounts to Rs 6,86,000.