Guideline Value for PONNIAMMAN KOIL STREET

Ponniamman Koil Street guideline value

The current guideline value of Ponniamman Koil Street in Matthur village, under the Thiruvottiyur SRO, is Rs 1,100 per sq.ft, effective from 1 July 2024. This street falls under the Residential Special Type - III land classification.

How the guideline value of Ponniamman Koil Street has changed

The guideline value for Ponniamman Koil Street has seen several revisions over the years. In 2002, the value was Rs 68 per sq.ft, which increased to Rs 80 per sq.ft in 2003, marking an 18% rise. The value continued to rise significantly, reaching Rs 200 per sq.ft in 2007, a 150% increase from the previous year. By 2012, the value was Rs 1,000 per sq.ft, showing a substantial 400% increase from 2007. However, this figure dropped to Rs 670 per sq.ft in 2017, reflecting a decrease of 33%.

In 2023, the guideline value was revised to Rs 1,000 per sq.ft, and then it increased to Rs 1,100 per sq.ft in 2024, which is a 10% rise. Overall, from 2002 to 2024, the guideline value has increased by 1,518% for Ponniamman Koil Street.

Guideline values in Matthur

In Matthur village, there are 66 streets under the Thiruvottiyur SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 3,300 per sq.ft. The median value is Rs 1,100 per sq.ft, which is the same as the current guideline value for Ponniamman Koil Street.

• Ponnuswamy Nagar: Rs 1,100 per sq.ft (2024)
• Pillayar Koil Street: Rs 1,100 per sq.ft (2024)
• Perumal Koil Street: Rs 1,100 per sq.ft (2024)
• Pangu Medu: Rs 1,100 per sq.ft (2024)
• Rajiv Gandhi Nagar: Rs 1,100 per sq.ft (2024)
• Pada Salai Road: Rs 1,100 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 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, while the registration fee at 2% would be Rs 22,000, making the total cost Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more detailed calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ponniamman Koil Street?

The Sub Registrar Office that covers Ponniamman Koil Street is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more information.

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

When buying or selling property in Matthur, the guideline value plays a crucial role during the registration process. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that the transaction is officially recorded at a recognized value.

It is essential for buyers and sellers to be aware of the current guideline value, as it impacts the overall cost of the transaction. This value is periodically revised, reflecting changes in the real estate landscape, and is used to maintain transparency in property dealings.

Frequently asked questions

What is the current guideline value of Ponniamman Koil Street?

The current guideline value of Ponniamman Koil Street is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, starting from Rs 68 per sq.ft in 2002 to Rs 1,100 per sq.ft in 2024, marking an overall increase of 1,518%.

What is the land classification for Ponniamman Koil Street?

Ponniamman Koil Street is classified as Residential Special Type - III under the current guidelines.

Where is the Thiruvottiyur Sub Registrar Office located?

The Thiruvottiyur Sub Registrar Office is located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

How is stamp duty calculated for property transactions?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000 at a rate of 7%.