Guideline Value for PONNI NAGAR SENKUTTUVAN STREET

Ponni Nagar Senkuttuvan Street guideline value

The current guideline value of Ponni Nagar Senkuttuvan 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 Senkuttuvan Street has changed

The guideline value for Ponni Nagar Senkuttuvan Street has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 1,930 per sq.ft, an increase of 10% from the 2023 revision of Rs 1,750 per sq.ft. Prior to that, in 2017, the value was Rs 1,172 per sq.ft, reflecting a significant increase of 49% by 2023. The 2012 revision also recorded a value of Rs 1,750 per sq.ft, indicating a decrease of 33% from 2017.

It is important to note that there are no figures available for the revisions in 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 carry a 2024 guideline value, ranging from Rs 1,100 to Rs 5,500 per sq.ft. The median value is Rs 1,930 per sq.ft, which is equal to the 2024 figure for Ponni Nagar Senkuttuvan Street.

• Ponni Nagar Senkuttuvan Cross Street: Rs 1,930 per sq.ft (2024)
• Ponni Nagar Thiruvalluvar Street: Rs 1,930 per sq.ft (2024)
• Ponni Nagar Rajivkanthi Street: Rs 1,930 per sq.ft (2024)
• Ponni Nagar T.V.K.Street: Rs 1,930 per sq.ft (2024)
• Ponni Nagar Rajarajan Street: Rs 1,930 per sq.ft (2024)
• Ponni Nagar Vallalar Street: Rs 1,930 per sq.ft (2024)

Stamp duty and registration fee for property in Ponni Nagar Senkuttuvan 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 fees to Rs 1,73,700. It is important to note that 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 specific calculations.

Which Sub Registrar Office covers Ponni Nagar Senkuttuvan Street?

Ponni Nagar Senkuttuvan Street falls under 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 in the registration process when buying or selling property in Karambakkam. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that these charges are calculated based on the official valuation of the property.

When a property is registered, the guideline value is used to assess the applicable fees, which must be paid at the time of registration. This ensures that both buyers and sellers are aware of the financial implications of their transactions.

Frequently asked questions

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

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

How much has the guideline value changed since 2012?

From 2012 to 2024, the guideline value has increased by 10%, moving from Rs 1,750 per sq.ft in 2012 to Rs 1,930 per sq.ft in 2024.

What were the guideline values in previous revisions?

The guideline values for previous revisions are as follows: Rs 1,750 per sq.ft in 2023, Rs 1,172 per sq.ft in 2017, and Rs 1,750 per sq.ft in 2012.

What is the registration office for Ponni Nagar Senkuttuvan Street?

The registration office for Ponni Nagar Senkuttuvan 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 the stamp duty calculated for properties in Karambakkam?

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