Guideline Value for PONNIAMMAN KOIL STREET CROSS STREET

Ponniamman Koil Street Cross Street guideline value

The current guideline value of Ponniamman Koil Street Cross Street is Rs 990 per sq.ft, effective from 1 July 2024. This street is located in Kolathuvancheri village and falls under the Chennai South Joint I SRO. The land classification for this area is Residential Class IV Type - II.

How the guideline value of Ponniamman Koil Street Cross Street has changed

The guideline value for Ponniamman Koil Street Cross Street has undergone several revisions over the years. In 2007, the value was Rs 500 per sq.ft, which increased to Rs 900 per sq.ft in 2012. However, it then decreased to Rs 603 per sq.ft in 2017. The value saw a significant rise to Rs 900 per sq.ft in 2023, and currently stands at Rs 990 per sq.ft as of the 2024 revision. The changes between revisions include a +80% increase from 2007 to 2012, a -33% decrease from 2012 to 2017, a +49% increase from 2017 to 2023, and a +10% increase from 2023 to 2024.

It is important to note that there are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by +98%.

Guideline values in Kolathuvancheri

In Kolathuvancheri, there are 146 streets under the Chennai South Joint I SRO with a 2024 guideline value ranging from Rs 660 to Rs 4,600 per sq.ft. The median value for these streets is Rs 1,650 per sq.ft, making the 2024 figure for Ponniamman Koil Street Cross Street below that median.

• Ponniamman Koil Street 3rd Street: Rs 990 per sq.ft (2024)
• Ponniamman Koil Street Ist Colony: Rs 990 per sq.ft (2024)
• Ponniamman Koil Street 2nd Street: Rs 990 per sq.ft (2024)
• Ponniamman Koil Street: Rs 990 per sq.ft (2024)
• Ponniyamman Nagar 1st Street: Rs 990 per sq.ft (2024)
• Ponniyamman Nagar 2nd Street: Rs 990 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 990 per sq.ft, the total guideline value amounts to Rs 9,90,000. The stamp duty at 7% would be Rs 69,300, and the registration fee at 2% would be Rs 19,800, making the total charges Rs 89,100. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can also use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Ponniamman Koil Street Cross Street?

Ponniamman Koil Street Cross Street is covered by 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 Kolathuvancheri

The guideline value plays a crucial role when buying or selling property in Kolathuvancheri. 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 is set by the government and reflects the minimum value for property transactions in the area.

When a property is sold, the sale price must be at least equal to the guideline value. This ensures that the government receives the appropriate taxes based on the current valuation of the property. It is essential for both buyers and sellers to understand this value to avoid any discrepancies during the registration process.

Frequently asked questions

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

The current guideline value for Ponniamman Koil Street Cross Street is Rs 990 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2007 to Rs 990 per sq.ft in 2024, reflecting an overall increase of +98% over the years.

What are the stamp duty and registration fees for a property in this area?

For a property valued at Rs 9,90,000, the stamp duty would be Rs 69,300 and the registration fee would be Rs 19,800, totaling Rs 89,100.

Which Sub Registrar Office covers this street?

The Chennai South Joint I Sub Registrar Office covers Ponniamman Koil Street Cross 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 Ponniamman Koil Street Cross Street?

The land classification for Ponniamman Koil Street Cross Street is Residential Class IV Type - II.