Guideline Value for PONNIAMMAN NAGR

Ponniamman Nagr guideline value

The current guideline value of Ponniamman Nagr is Rs 400 per sq.ft. This value is applicable in Kattavakkam village, under the Walajabad SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Ponniamman Nagr has changed

Looking at the revisions, the guideline value for Ponniamman Nagr was Rs 400 per sq.ft in both the 2023 and 2024 revisions. In the 2017 revision, the value was Rs 268 per sq.ft, which represents a significant increase of 49% when compared to the previous revision. The 2012 revision also had a value of Rs 400 per sq.ft, indicating a decrease of 33% from the 2017 revision.

Overall, from the 2012 revision to the 2024 revision, the guideline value has remained unchanged at Rs 400 per sq.ft. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kattavakkam

In Kattavakkam, there are 19 streets under the Walajabad SRO that carry a 2024 guideline value ranging from Rs 300 to Rs 800 per sq.ft, with the median value being Rs 400 per sq.ft. The guideline value for Ponniamman Nagr matches this median.

• Ponniamman Nagar Ext-II: 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 Nagr

For a 1,000 sq.ft plot at the current rate of Rs 400 per sq.ft, the guideline value would be Rs 4,00,000. The stamp duty at 7% would amount to Rs 28,000, and the registration fee at 2% would be Rs 8,000, making the total Rs 36,000. It is important to note that the 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 Nagr?

The Sub Registrar Office that covers Ponniamman Nagr 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 transactions in Kattavakkam. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on a standardized value rather than fluctuating market prices.

When buying or selling property, the guideline value helps both buyers and sellers understand the minimum value at which the property can be registered. It is essential for both parties to be aware of this value to avoid any disputes during the registration process.

Frequently asked questions

What is the current guideline value of Ponniamman Nagr?

The current guideline value of Ponniamman Nagr is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, with the most recent revision in 2024 maintaining the value at Rs 400 per sq.ft. The value increased from Rs 268 per sq.ft in 2017 to Rs 400 per sq.ft in 2023, showing a 49% increase over that period.

What is the registration fee for property in Ponniamman Nagr?

The registration fee for property in Ponniamman Nagr is calculated based on the guideline value. For a property valued at Rs 4,00,000, the registration fee would be Rs 8,000 at a rate of 2%.

Where can I find the Sub Registrar Office for Ponniamman Nagr?

The Sub Registrar Office for Ponniamman Nagr is located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find more details by visiting the official site.

What does the guideline value indicate?

The guideline value indicates the minimum value at which property can be registered in Ponniamman Nagr. It is used to calculate the stamp duty and registration fees during property transactions.