Guideline Value for PONNI NAGAR ATHIYAMAN STREET

Ponni Nagar Athiyaman Street guideline value

The current guideline value of Ponni Nagar Athiyaman Street is Rs 1,930 per sq.ft, effective from 1 July 2024. This street is located in Karambakkam village, under the Chennai South Joint I SRO, and falls under the Residential Class III Type - I land classification.

How the guideline value of Ponni Nagar Athiyaman Street has changed

Over the years, the guideline value of Ponni Nagar Athiyaman Street has seen several revisions. The 2012 revision set the value at Rs 1,750 per sq.ft, which was a decrease of 33% from the Rs 1,172 per sq.ft noted in the 2017 revision. The 2023 revision increased the value to Rs 1,750 per sq.ft, and the latest 2024 revision further raised it to Rs 1,930 per sq.ft, marking a 10% increase from the previous year.

From the 2017 revision to the 2023 revision, there was a significant increase of 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Karambakkam

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

• Ponni Nagar Agathiyar Street: Rs 1,930 per sq.ft (2024)
• Ponni Nagar Avvaiyar Street: Rs 1,930 per sq.ft (2024)
• Ponni Nagar: Rs 1,930 per sq.ft (2024)
• Ponni Nagar Bharathi Street: Rs 1,930 per sq.ft (2024)
• Ponni Nagar C.V.K. Street: Rs 1,930 per sq.ft (2024)
• Ponni Nagar Kambar Street: Rs 1,930 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,930 per sq.ft, the total guideline value amounts to Rs 19,30,000. The stamp duty at 7% would be Rs 1,35,100, and the registration fee at 2% would be Rs 38,600, bringing the total cost for these fees to 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.

You can use our stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers Ponni Nagar Athiyaman Street?

The Sub Registrar Office that covers Ponni Nagar Athiyaman 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 information.

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

The guideline value is a crucial factor when buying or selling property in Karambakkam. It serves as a benchmark for determining the minimum value of a property, ensuring that transactions are registered at a fair value as per government regulations.

When registering a property, the guideline value is used to calculate the applicable stamp duty and registration fees. Buyers should be aware that these fees are based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

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

The current guideline value of Ponni Nagar Athiyaman 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 2023 to Rs 1,930 per sq.ft in 2024, reflecting a 10% increase. It was Rs 1,172 per sq.ft in 2017 and Rs 1,750 per sq.ft in 2012, showing various fluctuations over the years.

What are the other streets in Karambakkam with the same guideline value?

Several other streets in Karambakkam also have the same guideline value of Rs 1,930 per sq.ft for 2024, including Ponni Nagar Agathiyar Street, Ponni Nagar Avvaiyar Street, and Ponni Nagar Bharathi Street, among others.

What fees are applicable when buying property in Ponni Nagar Athiyaman Street?

When buying property in Ponni Nagar Athiyaman Street, buyers should expect to pay stamp duty at 7% and a registration fee at 2% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Ponni Nagar Athiyaman Street?

The Sub Registrar Office covering Ponni Nagar Athiyaman Street is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find more details online.