Guideline Value for PONNIAMMAN NAGAR EXT-II

Ponniamman Nagar Ext-II guideline value

The current guideline value of Ponniamman Nagar Ext-II is Rs 1,650 per sq.ft, effective from 1 July 2024. This property is located in Chitlapakkam village, under the Tambaram Joint 1 SRO, and is classified as Residential Class I Type - III.

How the guideline value of Ponniamman Nagar Ext-II has changed

The guideline value for Ponniamman Nagar Ext-II has seen several revisions over the years. The 2012 revision set the value at Rs 1,500 per sq.ft, which was then reduced to Rs 1,005 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 1,500 per sq.ft, and the latest 2024 revision has raised it to Rs 1,650 per sq.ft. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

From the 2012 revision to the 2017 revision, there was a decrease of 33%. However, from 2017 to 2023, the value increased by 49%. The overall change from 2012 to 2024 reflects a 10% increase, indicating a stable adjustment in the guideline value over the years.

Guideline values in Chitlapakkam

In Chitlapakkam village, there are 548 streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 8,800 per sq.ft. The median value for these streets is Rs 1,650 per sq.ft, which is the same as the current guideline value for Ponniamman Nagar Ext-II.

• Ponniamman NagarExt 1: Rs 1,650 per sq.ft (2024)
• Ponniamman Nagar: Rs 1,650 per sq.ft (2024)
• Ponniamman Street: Rs 1,650 per sq.ft (2024)
• Poombuhar Street: Rs 2,750 per sq.ft (2024)
• Pishmar Street: Rs 1,650 per sq.ft (2024)
• Pirathip Avenue(Kalyanasundharam street): Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Ponniamman Nagar Ext-II

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value would be Rs 16,50,000. The stamp duty at 7% would amount to Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, making the total cost for these fees Rs 1,48,500. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ponniamman Nagar Ext-II?

The Sub Registrar Office that covers Ponniamman Nagar Ext-II is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Chitlapakkam. It serves as a benchmark for determining the stamp duty and registration fees that must be paid at the time of property registration.

Frequently asked questions

What is the current guideline value of Ponniamman Nagar Ext-II?

The current guideline value of Ponniamman Nagar Ext-II is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then increased to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,650 per sq.ft in 2024.

What is the land classification for Ponniamman Nagar Ext-II?

Ponniamman Nagar Ext-II is classified as Residential Class I Type - III, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Ponniamman Nagar Ext-II is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a guideline value of Rs 16,50,000, the stamp duty would be Rs 1,15,500 at 7%.