Guideline Value for PONNIAMMAN KOIL ST

Ponniamman Koil St guideline value

The current guideline value of Ponniamman Koil St in Ammayarkuppam village is Rs 260 per sq.ft, effective from 1 July 2024. This street falls under the Ramakrishna Rajupettai SRO and is classified as Commercial Class I Type - II.

How the guideline value of Ponniamman Koil St has changed

The guideline value for Ponniamman Koil St has undergone several revisions over the years. In 2007, the value was set at Rs 150 per sq.ft, which increased to Rs 260 per sq.ft in 2012. However, it saw a decrease to Rs 174 per sq.ft in 2017. The most recent revisions in 2023 and 2024 have maintained the value at Rs 260 per sq.ft, indicating no change from 2023 to 2024. The register has no figures for the years 2002 and 2003 for this street.

From 2017 to 2023, there was a significant increase of 49%. The jump from 2007 to 2012 was a notable increase of 73%, while the overall change from 2007 to 2024 reflects a 73% increase as well.

Guideline values in Ammayarkuppam

Ammayarkuppam has 43 streets under the Ramakrishna Rajupettai SRO that carry a 2024 guideline value, ranging from Rs 150 to Rs 260 per sq.ft. The median value among these streets is Rs 260 per sq.ft, which is the same as the current guideline value for Ponniamman Koil St.

• Paventhara Bharathidasan St: Rs 241 per sq.ft (2024)
• Paaranchi St: Rs 260 per sq.ft (2024)
• Othavadai Street: Rs 260 per sq.ft (2024)
• Sakthiamman koil st: Rs 260 per sq.ft (2024)
• Sannathi St: Rs 260 per sq.ft (2024)
• Santhan street: Rs 260 per sq.ft (2024)

Stamp duty and registration fee for property in Ponniamman Koil St

For a 1,000 sq.ft plot at the current guideline value of Rs 260 per sq.ft, the total guideline value would be Rs 2,60,000. The stamp duty at 7% would amount to Rs 18,200, and the registration fee at 2% would be Rs 5,200, resulting in a total of Rs 23,400 for these charges. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Ponniamman Koil St?

Ponniamman Koil St is covered by the Ramakrishna Rajupettai Sub Registrar Office located at Pallipattu Road, Rk Pettai 631 303, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Ammayarkuppam. It serves as the basis for calculating stamp duty and registration fees, ensuring that the government receives appropriate revenue from property sales.

When buying or selling property, the guideline value must be adhered to, as it helps in determining the legal value of the property. This value is essential for both buyers and sellers to understand their financial obligations during the transaction process.

Frequently asked questions

What is the current guideline value of Ponniamman Koil St?

The current guideline value of Ponniamman Koil St is Rs 260 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 150 per sq.ft in 2007 to Rs 260 per sq.ft in 2012, then decreased to Rs 174 per sq.ft in 2017, and has remained at Rs 260 per sq.ft in both 2023 and 2024.

What is the land classification for Ponniamman Koil St?

Ponniamman Koil St is classified as Commercial Class I Type - II, indicating its suitability for commercial activities.

Where can I find the Ramakrishna Rajupettai SRO?

The Ramakrishna Rajupettai SRO is located at Pallipattu Road, Rk Pettai 631 303, Chennai registration zone.

How is stamp duty calculated for properties in Ammayarkuppam?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 2,60,000, the stamp duty at 7% would be Rs 18,200.