Guideline Value for PONNIAMMAN COLONY

Ponniamman Colony guideline value

The current guideline value of Ponniamman Colony, located in S. Kullathur village under the Pallavaram SRO, is Rs 2,750 per sq.ft as per the 2024 revision effective from 1 July 2024. This area is classified as Residential Class I Type - I.

How the guideline value of Ponniamman Colony has changed

Over the years, the guideline value of Ponniamman Colony has seen several revisions. The 2012 revision set the value at Rs 2,500 per sq.ft, which remained unchanged until the 2023 revision, where it was again Rs 2,500 per sq.ft. The 2024 revision marked an increase to Rs 2,750 per sq.ft, reflecting a 10% rise from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2017 in the register for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%.

Guideline values in S. Kullathur

In S. Kullathur, there are 71 streets under the Pallavaram SRO that carry a 2024 guideline value, ranging from Rs 1,320 to Rs 4,400 per sq.ft. The median value is Rs 2,750 per sq.ft, which is equal to the current guideline value of Ponniamman Colony.

• Ponniamman Koil Street: Rs 2,750 per sq.ft (2024)
• Pooniamman Nagar 1 To 12 Main Road: Rs 2,530 per sq.ft (2024)
• Pillaiyar Koil Street: Rs 2,750 per sq.ft (2024)
• Periya Kovilambakkam 1 To 5 Streets: Rs 2,750 per sq.ft (2024)
• Periakovilambakkam Main Road: Rs 2,530 per sq.ft (2024)
• Rajam Nagar: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Ponniamman Colony

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value amounts to Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, leading to a total of Rs 2,47,500. 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 information.

Which Sub Registrar Office covers Ponniamman Colony?

The Sub Registrar Office that covers Ponniamman Colony is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.

You can find your SRO for more details.

How the guideline value is used when you buy or sell in S. Kullathur

The guideline value is a crucial reference for property transactions in S. Kullathur. It is used to calculate the stamp duty and registration fees that must be paid during the registration of a property sale.

When buying or selling property, the guideline value serves as a benchmark to ensure that the transaction is recorded accurately and legally in the registration office.

Frequently asked questions

What is the current guideline value of Ponniamman Colony?

The current guideline value of Ponniamman Colony is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 2,500 per sq.ft from 2012 to 2023, before increasing to Rs 2,750 per sq.ft in 2024, marking a 10% increase.

What is the land classification of Ponniamman Colony?

Ponniamman Colony is classified as Residential Class I Type - I, which indicates its suitability for residential development.

What are the stamp duty and registration fees for properties in Ponniamman Colony?

The stamp duty is calculated at 7% of the guideline value, and the registration fee is charged at 2%. For a property valued at Rs 27,50,000, the total fees would be Rs 2,47,500.

Where can I find the Sub Registrar Office for Ponniamman Colony?

The Pallavaram Sub Registrar Office covers Ponniamman Colony and is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.