Guideline Value for PONNIAMMAN NAGAR

Ponniamman Nagar guideline value

The current guideline value for Ponniamman Nagar in Vidathandalam village under the Ponneri SRO is Rs 100 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Class II Type - I.

How the guideline value of Ponniamman Nagar has changed

The guideline value for Ponniamman Nagar has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 100 per sq.ft, which is the same as the 2023 revision. Prior to that, in 2017, the guideline value was Rs 67 per sq.ft.

Between the 2017 and 2023 revisions, there was a significant increase of 49%. Overall, from 2017 to 2024, the guideline value has increased by 49% as well. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Vidathandalam

In Vidathandalam, Ponniamman Nagar shares the same guideline value with other streets. The current guideline value is Rs 100 per sq.ft for Ponniamman Nagar.

• Goutham Nagar: Rs 100 per sq.ft (2024)

Stamp duty and registration fee for property in Ponniamman Nagar

For a 1,000 sq.ft plot at the current rate of Rs 100 per sq.ft, the guideline value amounts to Rs 1,00,000. The stamp duty at 7% would be Rs 7,000, and the registration fee at 2% would be Rs 2,000, totaling Rs 9,000. 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 Ponniamman Nagar area is covered by the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more information.

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

The guideline value is an essential factor in property transactions in Vidathandalam. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of property.

When registering a property, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the registration process reflects the true value of the property being transferred.

Frequently asked questions

What is the current guideline value of Ponniamman Nagar?

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

How has the guideline value changed over the years?

The guideline value has increased from Rs 67 per sq.ft in 2017 to Rs 100 per sq.ft in both 2023 and 2024, marking a 49% increase overall during this period.

Where can I find the Ponneri Sub Registrar Office?

The Ponneri Sub Registrar Office is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,00,000, the stamp duty would be Rs 7,000 and the registration fee would be Rs 2,000, totaling Rs 9,000.

Are there other streets with the same guideline value in Vidathandalam?

Yes, Goutham Nagar is another street in Vidathandalam that shares the same guideline value of Rs 100 per sq.ft as Ponniamman Nagar.