Guideline Value for PONNIAMMAN NAGAR

Ponniamman Nagar guideline value

The current guideline value of Ponniamman Nagar in Nadukuthagai village is Rs 330 per sq.ft, effective from 1 July 2024. This area falls under the Avadi SRO and is classified as Residential Class I Type - III.

How the guideline value of Ponniamman Nagar has changed

The guideline value for Ponniamman Nagar has seen several revisions over the years. In 2007, the guideline value was Rs 150 per sq.ft, which increased significantly to Rs 900 per sq.ft in 2012. However, this value decreased to Rs 603 per sq.ft in 2017, followed by a further reduction to Rs 300 per sq.ft in 2023. The current revision for 2024 shows an increase to Rs 330 per sq.ft, marking a 10% rise from the previous year.

It is important to note that there are no figures available for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 120% despite fluctuations in the intervening years.

Guideline values in Nadukuthagai

Within Nadukuthagai, there are 35 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 330 to Rs 1,980 per sq.ft, with a median value of Rs 880 per sq.ft. The guideline value for Ponniamman Nagar is below this median.

• Prakash Nagar: Rs 1,590 per sq.ft (2024)
• Prakash Nagar Main Road: Rs 1,590 per sq.ft (2024)
• Prakash Nagar West: Rs 1,590 per sq.ft (2024)
• Periyapalayam High Road: Rs 600 per sq.ft (2024)
• Om Sakthi Nagar: Rs 1,590 per sq.ft (2024)
• Om Nest: Rs 1,590 per sq.ft (2024)

Stamp duty and registration fee for property in Ponniamman Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 330 per sq.ft, the total guideline value would be Rs 3,30,000. The stamp duty at 7% would amount to Rs 23,100, and the registration fee at 2% would be Rs 6,600, bringing the total to Rs 29,700. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ponniamman Nagar?

The Sub Registrar Office that covers Ponniamman Nagar is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Nadukuthagai. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented at a fair value.

When a buyer and seller agree on a sale price, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that the government receives the appropriate revenue from property transactions based on the established guideline values.

Frequently asked questions

What is the current guideline value of Ponniamman Nagar?

The current guideline value of Ponniamman Nagar is Rs 330 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 330 per sq.ft in 2024, with notable decreases and increases in between.

What is the median guideline value in Nadukuthagai?

The median guideline value in Nadukuthagai is Rs 880 per sq.ft for the year 2024.

What are the stamp duty and registration fees for a property in Ponniamman Nagar?

For a property valued at Rs 3,30,000, the stamp duty would be Rs 23,100 and the registration fee would be Rs 6,600, totaling Rs 29,700.

Which office handles property registrations in Ponniamman Nagar?

The Avadi Sub Registrar Office handles property registrations for Ponniamman Nagar, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.