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Guideline Value

Corporate

Guideline Value for PONNI NAGAR AGATHIYAR STREET

₹1930/sq.ft.

The guideline value for Ponni Nagar Agathiyar Street in Karambakkam village (Chennai South Joint I SRO, Chennai zone) is Rs 1930 per sq.ft, effective 1 July 2024. It was Rs 1750 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Karambakkam

Village

Chennai South Joint I

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹1930 /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 N/A
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)

Integrated Building For Offices Of The Commerrcial Taxes And Registrations Department ,fanepet Nandanam ,chennai -600 035
044-29510536
[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 Nagar Agathiyar Street

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Ponni Nagar Agathiyar Street guideline value

The current guideline value for Ponni Nagar Agathiyar Street is Rs 1,930 per sq.ft. This street is located in Karambakkam village, under the Chennai South Joint I SRO, and is classified as Residential Class III Type - I.

How the guideline value of Ponni Nagar Agathiyar Street has changed

The guideline value for Ponni Nagar Agathiyar Street has undergone several revisions over the years. The earliest recorded revision is from 2012, where the guideline value was Rs 1,750 per sq.ft. This was followed by a decrease to Rs 1,172 per sq.ft in 2017. The value then increased significantly to Rs 1,750 per sq.ft in 2023, and finally, the current value is Rs 1,930 per sq.ft effective from 1 July 2024. The changes between these revisions include a 49% increase from 2017 to 2023, a 33% decrease from 2012 to 2017, and a 10% increase from 2023 to 2024.

It is important to note that there are no recorded figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Karambakkam

In Karambakkam, there are 159 streets under the Chennai South Joint I SRO that have a 2024 guideline value ranging from Rs 1,100 to Rs 5,500 per sq.ft. The median guideline value for these streets is Rs 1,930 per sq.ft, which is equal to the current value of Ponni Nagar Agathiyar Street.

Stamp duty and registration fee for property in Ponni Nagar Agathiyar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,930 per sq.ft, the total guideline value would be Rs 19,30,000. The stamp duty at 7% would amount to Rs 1,35,100, and the registration fee at 2% would be Rs 38,600, making the total charges together Rs 1,73,700. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ponni Nagar Agathiyar Street?

The Sub Registrar Office that covers Ponni Nagar Agathiyar Street is the Chennai South Joint I 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 more details.

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

The guideline value is a crucial factor in property transactions in Karambakkam, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees, ensuring that both parties are aware of the financial obligations involved in the transaction.

It is essential for buyers and sellers to be aware of the current guideline value to ensure compliance with registration requirements and to avoid any legal issues during the property transfer process.

Frequently asked questions

What is the current guideline value of Ponni Nagar Agathiyar Street?

The current guideline value of Ponni Nagar Agathiyar Street is Rs 1,930 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,750 per sq.ft in 2012 to Rs 1,172 per sq.ft in 2017, then increased to Rs 1,750 per sq.ft in 2023, and currently stands at Rs 1,930 per sq.ft in 2024.

What is the land classification for Ponni Nagar Agathiyar Street?

Ponni Nagar Agathiyar Street is classified as Residential Class III Type - I.

Where can I find the registration office for Ponni Nagar Agathiyar Street?

The registration office for Ponni Nagar Agathiyar Street is the Chennai South Joint I 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 properties in Ponni Nagar Agathiyar Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 19,30,000, the stamp duty at 7% would be Rs 1,35,100.