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Guideline Value

Corporate

Guideline Value for PONNI NAGAR PARI STREET

₹1930/sq.ft.

The guideline value for Ponni Nagar Pari 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 Pari Street

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Ponni Nagar Pari Street guideline value

The current guideline value of Ponni Nagar Pari Street is Rs 1,930 per sq.ft, effective from 1 July 2024. This street is located in Karambakkam village and falls 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 Pari Street has changed

The guideline value for Ponni Nagar Pari Street has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 1,930 per sq.ft, which is a 10% increase from the 2023 revision of Rs 1,750 per sq.ft. Prior to that, the 2017 revision had a value of Rs 1,172 per sq.ft, marking a significant 49% increase when compared to the 2023 figure. The 2012 revision also recorded a value of Rs 1,750 per sq.ft, which was a decrease of 33% from the 2017 revision. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. This shows a gradual increase in the guideline value over the years, reflecting changes in the local property market.

Guideline values in Karambakkam

In Karambakkam, there are 159 streets under the Chennai South Joint I SRO that carry a guideline value for 2024, 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 the same as the current value for Ponni Nagar Pari Street.

Stamp duty and registration fee for property in Ponni Nagar Pari 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 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 more details.

Which Sub Registrar Office covers Ponni Nagar Pari Street?

The Sub Registrar Office that covers Ponni Nagar Pari 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 critical factor when buying or selling property in Karambakkam. It is used to determine the stamp duty and registration fees that need to be paid at the time of property registration. Buyers should be aware that the guideline value may influence the overall costs involved in the transaction.

When registering a property, the guideline value serves as a benchmark to ensure that the transaction is recorded accurately. It is essential for both buyers and sellers to understand this value, as it plays a significant role in the legal and financial aspects of property transactions.

Frequently asked questions

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

The current guideline value of Ponni Nagar Pari 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 1,172 per sq.ft in 2017 to Rs 1,750 per sq.ft in 2023, and then to Rs 1,930 per sq.ft in 2024. Overall, from 2012 to 2024, the increase has been 10%.

What are the stamp duty and registration fees for a property in Ponni Nagar Pari Street?

For a 1,000 sq.ft plot at the current guideline value, the total guideline value is Rs 19,30,000. The stamp duty would be Rs 1,35,100, and the registration fee would be Rs 38,600, totaling Rs 1,73,700.

Which Sub Registrar Office covers Ponni Nagar Pari Street?

The Chennai South Joint I Sub Registrar Office covers Ponni Nagar Pari Street, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.

What is the land classification for Ponni Nagar Pari Street?

The land classification for Ponni Nagar Pari Street is Residential Class III Type - I, indicating that it is primarily designated for residential purposes.