Guideline Value for PONNIAMMAN KOIL STREET

Ponniamman Koil Street guideline value

The current guideline value of Ponniamman Koil Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Enjambakkam village, under the Neelankarai SRO, and is classified as Residential Class III Type - I.

How the guideline value of Ponniamman Koil Street has changed

The guideline value for Ponniamman Koil Street has seen several revisions over the years. The earliest recorded figure is from 2003, where it was Rs 94 per sq.ft. This value increased to Rs 421 per sq.ft in 2007, marking a significant rise of 348%. The 2012 revision brought the value to Rs 2,000 per sq.ft, an increase of 375%. However, in 2017, the value decreased to Rs 1,340 per sq.ft, reflecting a drop of 33%. The value then rose to Rs 2,000 per sq.ft in 2023, followed by the current figure of Rs 2,200 per sq.ft in 2024, which is a 10% increase from the previous year.

It is important to note that there is no figure available for Ponniamman Koil Street in the 2002 revision. Overall, from 2003 to 2024, the guideline value has increased by 2240%.

Guideline values in Enjambakkam

In Enjambakkam, there are 253 streets under the Neelankarai SRO, with guideline values for 2024 ranging from Rs 1,100 to Rs 7,200 per sq.ft. The median guideline value is Rs 2,200 per sq.ft, which matches the current value for Ponniamman Koil Street.

• Ponnurangam Road: Rs 2,200 per sq.ft (2024)
• Pon Vidya School Road: Rs 2,800 per sq.ft (2024)
• POOMBUKAR 1st STREET: Rs 2,200 per sq.ft (2024)
• POOMBUKAR 2nd STREET: Rs 2,200 per sq.ft (2024)
• POOMBUKAR 3rd STREET: Rs 2,200 per sq.ft (2024)
• POOMBUKAR 4th STREET: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Ponniamman Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, together totaling Rs 1,98,000. It is important to note that the 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 accurate calculations.

Which Sub Registrar Office covers Ponniamman Koil Street?

The Sub Registrar Office that covers Ponniamman Koil Street is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Enjambakkam. It is used to determine the stamp duty and registration fees during the sale or purchase of a property. Buyers and sellers should be aware that the guideline value may differ from the actual sale price, and the higher of the two will be used for calculating the applicable fees.

When registering a property, it is essential to refer to the current guideline value to ensure compliance with local regulations. This helps in avoiding any discrepancies that may arise during the registration process.

Frequently asked questions

What is the current guideline value of Ponniamman Koil Street?

The current guideline value of Ponniamman Koil Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 94 per sq.ft in 2003 to Rs 2,200 per sq.ft in 2024, reflecting an overall increase of 2240% over the years.

What are the stamp duty rates for properties in Ponniamman Koil Street?

The stamp duty for properties in Ponniamman Koil Street is charged at 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Neelankarai Sub Registrar Office?

The Neelankarai Sub Registrar Office is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai.

How is the guideline value used in property transactions?

The guideline value is used to calculate the stamp duty and registration fees during property transactions. It is essential for buyers and sellers to refer to the guideline value to ensure proper compliance with local regulations.