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Guideline Value

Corporate

Guideline Value for PONNI NAGAR PONNIAMMAN KOIL 1ST STREET

₹1930/sq.ft.

The guideline value for Ponni Nagar Ponniamman Koil 1st 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 Ponniamman Koil 1st Street

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Ponni Nagar Ponniamman Koil 1st Street guideline value

The current guideline value of Ponni Nagar Ponniamman Koil 1st 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 Ponniamman Koil 1st Street has changed

The guideline value for Ponni Nagar Ponniamman Koil 1st Street has undergone several revisions over the years. The most recent revision in 2024 set the guideline value at Rs 1,930 per sq.ft, an increase from Rs 1,750 per sq.ft in 2023, marking a change of +10%. In 2017, the value was Rs 1,172 per sq.ft, which means there was a significant increase of +49% to reach the 2023 figure. The value in 2012 was Rs 1,750 per sq.ft, indicating a decrease of -33% to the 2017 figure. Overall, from 2012 to 2024, the guideline value has increased by +10%.

For the years 2002, 2003, and 2007, the register has no figure for this street. This historical context helps to understand the fluctuations in guideline values over time.

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 current guideline value of Ponni Nagar Ponniamman Koil 1st Street.

Stamp duty and registration fee for property in Ponni Nagar Ponniamman Koil 1st 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, while the registration fee at 2% would be Rs 38,600. Together, the total cost for stamp duty and registration would be Rs 1,73,700. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ponni Nagar Ponniamman Koil 1st Street?

The Sub Registrar Office that covers Ponni Nagar Ponniamman Koil 1st 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. To find your SRO, you can visit find your SRO.

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 registration charges. The guideline value is used as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on a standardized value set by the government.

It is essential for buyers and sellers to be aware of the current guideline value, as it influences the overall transaction cost. Understanding this value can help in planning the financial aspects of property transactions.

Frequently asked questions

What is the current guideline value of Ponni Nagar Ponniamman Koil 1st Street?

The current guideline value of Ponni Nagar Ponniamman Koil 1st 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, which is a +10% increase. From 2017 to 2023, it increased by +49% from Rs 1,172 per sq.ft to Rs 1,750 per sq.ft.

What is the land classification for this street?

The land classification for Ponni Nagar Ponniamman Koil 1st Street is Residential Class III Type - I.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office covering Ponni Nagar Ponniamman Koil 1st Street is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.

How is the stamp duty calculated for properties in this area?

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