Guideline Value for PONNIAMMAN KOIL CROSS STREET

Ponniamman Koil Cross Street guideline value

The current guideline value of Ponniamman Koil Cross Street is Rs 1,950 per sq.ft, effective from 1 July 2024. This street is located in Ottiyampakkam village under the Selaiyur SRO, classified as Residential Class I Type - I.

How the guideline value of Ponniamman Koil Cross Street has changed

The guideline value for Ponniamman Koil Cross Street has seen several revisions over the years. In 2012, the value was set at Rs 1,800 per sq.ft. This remained unchanged until the next revision in 2017, where it decreased to Rs 1,206 per sq.ft, marking a decline of 33%. However, the value rebounded in 2023 to Rs 1,800 per sq.ft, and then increased to Rs 1,950 per sq.ft in the 2024 revision, reflecting an 8% rise.

From the 2017 revision to 2023, there was a significant increase of 49%. Overall, from 2012 to 2024, the guideline value has increased by 8%. It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street.

Guideline values in Ottiyampakkam

In Ottiyampakkam, there are a total of 88 streets under the Selaiyur SRO that carry a 2024 guideline value, ranging from Rs 1,300 to Rs 4,300 per sq.ft. The median guideline value is Rs 1,950 per sq.ft, which is equal to the current value of Ponniamman Koil Cross Street.

• Ponniamman Koil Street: Rs 1,950 per sq.ft (2024)
• Project Aran: Rs 4,000 per sq.ft (2024)
• Rajendra Prasad: Rs 1,950 per sq.ft (2024)
• Rajendra Prasad Street: Rs 1,950 per sq.ft (2024)
• Ramakrishnan Street: Rs 1,950 per sq.ft (2024)
• Ovvaiyar Street: Rs 1,950 per sq.ft (2024)

Stamp duty and registration fee for property in Ponniamman Koil Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,950 per sq.ft, the total guideline value amounts to Rs 19,50,000. The stamp duty at 7% would be Rs 1,36,500, and the registration fee at 2% would be Rs 39,000, bringing the total charges to Rs 1,75,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Ponniamman Koil Cross Street?

The Sub Registrar Office that covers Ponniamman Koil Cross Street is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone.

To find your SRO, you can visit find your SRO.

How the guideline value is used when you buy or sell in Ottiyampakkam

The guideline value is a crucial factor during property registration in Ottiyampakkam. It serves as a benchmark for determining the minimum price at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices.

When a property is sold, the registration authorities will assess the guideline value to calculate applicable stamp duty and registration fees. This ensures that the transaction is recorded at a fair value, reflecting the current market conditions.

Frequently asked questions

What is the current guideline value of Ponniamman Koil Cross Street?

The current guideline value of Ponniamman Koil Cross Street is Rs 1,950 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,800 per sq.ft in 2012 to Rs 1,206 per sq.ft in 2017, then back to Rs 1,800 per sq.ft in 2023, and finally to Rs 1,950 per sq.ft in 2024.

What is the median guideline value in Ottiyampakkam?

The median guideline value in Ottiyampakkam is Rs 1,950 per sq.ft, which is the same as the current value for Ponniamman Koil Cross Street.

What are the stamp duty and registration fees for a property in Ponniamman Koil Cross Street?

For a property valued at Rs 19,50,000, the stamp duty would be Rs 1,36,500 and the registration fee would be Rs 39,000, totaling Rs 1,75,500.

Which office handles registrations for Ponniamman Koil Cross Street?

The Selaiyur Sub Registrar Office handles registrations for Ponniamman Koil Cross Street, located at No.36, Bharathmatha Salai, East Tambaram, Chennai - 600 073.