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Guideline Value

Corporate

Guideline Value for PONNI NAGAR MAHAVEER STREET

₹1930/sq.ft.

The guideline value for Ponni Nagar Mahaveer 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 Mahaveer Street

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Ponni Nagar Mahaveer Street guideline value

The current guideline value of Ponni Nagar Mahaveer 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. The land classification for this area is Residential Class III Type - I.

How the guideline value of Ponni Nagar Mahaveer Street has changed

Over the years, the guideline value of Ponni Nagar Mahaveer Street has seen several revisions. The 2012 revision set the value at Rs 1,750 per sq.ft, which was then reduced by 33% to Rs 1,172 per sq.ft in the 2017 revision. Following this, the value increased significantly by 49% to Rs 1,750 per sq.ft in 2023. The latest revision in 2024 has further increased the guideline value to Rs 1,930 per sq.ft, reflecting a 10% rise from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from the 2012 revision to the 2024 revision, 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 carry 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 guideline value of Ponni Nagar Mahaveer Street.

Stamp duty and registration fee for property in Ponni Nagar Mahaveer 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, bringing the total to Rs 1,73,700. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can calculate your fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ponni Nagar Mahaveer Street?

The Sub Registrar Office that covers Ponni Nagar Mahaveer 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

When buying or selling property in Karambakkam, the guideline value plays a crucial role in determining the stamp duty and registration fees. The guideline value is set by the Registration Department and is used as a benchmark for transactions in the area.

It is essential for buyers and sellers to be aware of the current guideline values, as these figures directly influence the costs associated with property registration. Ensuring that you have the correct information can help in making informed decisions during the buying or selling process.

Frequently asked questions

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

The current guideline value of Ponni Nagar Mahaveer 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 finally to Rs 1,930 per sq.ft in 2024.

What is the median guideline value for streets in Karambakkam?

The median guideline value for streets in Karambakkam is Rs 1,930 per sq.ft, which is the same as the current guideline value for Ponni Nagar Mahaveer Street.

What is the stamp duty rate for properties in Ponni Nagar Mahaveer Street?

The stamp duty rate for properties in Ponni Nagar Mahaveer Street is 7% of the guideline value or sale price, whichever is higher.

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

The Sub Registrar Office for Ponni Nagar Mahaveer 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.