Guideline Value

Corporate

Guideline Value for PONNI COLONY 28th STREET

₹9800/sq.ft.

The guideline value for Ponni Colony 28th Street in Villivakkam village (Villivakkam SRO, Chennai zone) is Rs 9800 per sq.ft, effective 1 July 2024. It was Rs 9000 per sq.ft from 1 April 2023, a 9% change. The land classification is Residential Class I Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Villivakkam

Village

Villivakkam

SRO

Residential Class I Type - III
History
Period Guideline Value
From 1-7-2024 ₹9800 /sq.ft.
From 1-4-2023 ₹9000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹6030 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹9000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹2550 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 ( Near By Nolambur Eb Office )
044-29561092
[email protected]

DRO (District Registrar Office)

No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai - 600 014.
044-28613607
[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 Colony 28th Street

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PONNI COLONY 28th STREET guideline value

The current guideline value for PONNI COLONY 28th STREET is Rs 9,800 per sq.ft, effective from 1 July 2024. This street is located in Villivakkam village and falls under the Villivakkam SRO. The land classification for this area is Residential Class I Type - III.

How the guideline value of PONNI COLONY 28th STREET has changed

The guideline value for PONNI COLONY 28th STREET has undergone several revisions over the years. The 2007 revision set the value at Rs 2,550 per sq.ft. This increased significantly to Rs 9,000 per sq.ft in 2012, but then saw a reduction to Rs 6,030 per sq.ft in 2017. The value rose again to Rs 9,000 per sq.ft in 2023, before reaching the current rate of Rs 9,800 per sq.ft in 2024, marking a 9% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 284%. Notably, there are no figures available for the years 2002 and 2003 for this street.

Guideline values in Villivakkam

In Villivakkam, there are 372 streets under the Villivakkam SRO that have a 2024 guideline value ranging from Rs 1,600 to Rs 13,200 per sq.ft. The median value for these streets is Rs 4,900 per sq.ft, indicating that PONNI COLONY 28th STREET's current guideline value is above this median.

Stamp duty and registration fee for property in PONNI COLONY 28th STREET

For a 1,000 sq.ft plot at the current guideline value of Rs 9,800 per sq.ft, the total guideline value amounts to Rs 98,00,000. The stamp duty at 7% would be Rs 6,86,000, and the registration fee at 2% would be Rs 1,96,000, bringing the total cost to Rs 8,82,000. 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 further calculations.

Which Sub Registrar Office covers PONNI COLONY 28th STREET?

The Sub Registrar Office that covers PONNI COLONY 28th 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 information.

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

The guideline value plays a crucial role in property transactions within Villivakkam. It is used to determine the stamp duty and registration fees that must be paid when buying or selling property. This value is set by the Registration Department and is revised periodically to reflect changes in the real estate market.

When a property is registered, the buyer must pay the applicable stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions, while also providing a clear framework for buyers and sellers.

Frequently asked questions

What is the current guideline value for PONNI COLONY 28th STREET?

The current guideline value for PONNI COLONY 28th 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, showing an overall increase of 284% over this period.

What is the registration office for PONNI COLONY 28th STREET?

The registration office for PONNI COLONY 28th STREET is the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is stamp duty calculated for properties in PONNI COLONY 28th STREET?

Stamp duty for properties in PONNI COLONY 28th STREET is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is also applicable.

What are the guideline values for other streets in Villivakkam?

Other streets in Villivakkam have varying guideline values. For example, PONNI COLONY 27th STREET, PONNI COLONY 29th STREET, and others all have a guideline value of Rs 9,800 per sq.ft in 2024.