Guideline Value for PONNIAMMAN NAGAR EXT-II

Ponniamman Nagar Ext-II guideline value

The current guideline value of Ponniamman Nagar Ext-II is Rs 400 per sq.ft. This area is located in Kattavakkam village and falls under the Walajabad SRO. The land classification for this property is Residential Class I Type - I.

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 400 per sq.ft, which was a decrease of 33% from the 2017 revision of Rs 268 per sq.ft. The value remained unchanged at Rs 400 per sq.ft during the 2023 revision and continues to be Rs 400 per sq.ft in the 2024 revision, reflecting a 0% change from the previous year. The register has no figures for the years 2002, 2003, and 2007.

From the 2017 revision to the 2023 revision, there was a significant increase of 49%. Overall, comparing the 2012 revision to the 2024 revision, the guideline value has not changed, remaining at Rs 400 per sq.ft.

Guideline values in Kattavakkam

Kattavakkam village has 19 streets under the Walajabad SRO that carry a 2024 guideline value, ranging from Rs 300 to Rs 800 per sq.ft, with a median value of Rs 400 per sq.ft. The guideline value for Ponniamman Nagar Ext-II is equal to this median.

• Ponniamman Nagr: Rs 400 per sq.ft (2024)
• Millennium Square Sector-IV: Rs 800 per sq.ft (2024)
• Millenium Square Phase-I,II,III: Rs 400 per sq.ft (2024)
• Shree Sai Nagar: Rs 300 per sq.ft (2024)
• Sri Balaji Nagar: Rs 350 per sq.ft (2024)
• Sri Kalaivani Nagar: Rs 400 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 400 per sq.ft, the total guideline value amounts to Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, bringing the total to Rs 36,000. Duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ponniamman Nagar Ext-II?

The Sub Registrar Office that covers Ponniamman Nagar Ext-II is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property in Kattavakkam. It determines the amount of stamp duty and registration fees that must be paid during the transaction. Buyers and sellers must consider this value to ensure compliance with local regulations.

When a property is sold, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the registration process is transparent and fair, reflecting the value of the property being transferred.

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 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 400 per sq.ft from 2012 to 2024, with a significant increase of 49% from 2017 to 2023. The 2012 revision saw a decrease from Rs 400 to Rs 268 per sq.ft in 2017.

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

The land classification for Ponniamman Nagar Ext-II is Residential Class I Type - I, indicating its suitability for residential development.

What are the stamp duty rates for properties in this area?

The stamp duty rate for properties in Ponniamman Nagar Ext-II is 7% of the guideline value or sale price, whichever is higher. The registration fee is 2% of the guideline value.

Where can I find the Sub Registrar Office for Ponniamman Nagar Ext-II?

The Sub Registrar Office for Ponniamman Nagar Ext-II is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.