Guideline Value for PONNIYAMMAN 2ND LANE

Ponniyamman 2nd Lane guideline value

The current guideline value of Ponniyamman 2nd Lane is Rs 4,900 per sq.ft, effective from 1 July 2024. This street is located in Purasaivakkam village under the Purasaivakkam SRO, classified as Residential Class III Type - II.

How the guideline value of Ponniyamman 2nd Lane has changed

The guideline value for Ponniyamman 2nd Lane has undergone several revisions over the years. The earliest recorded figure is from 2007, when the value was Rs 1,100 per sq.ft. This increased significantly to Rs 4,500 per sq.ft in 2012, marking a rise of 309%. However, by 2017, the value decreased to Rs 3,015 per sq.ft, reflecting a drop of 33%. The 2023 revision set the value at Rs 4,500 per sq.ft, which then increased to Rs 4,900 per sq.ft in 2024, a change of 9%.

There are no recorded figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 345%.

Guideline values in Purasaivakkam

In Purasaivakkam, there are 519 streets under the Purasaivakkam SRO that carry a 2024 guideline value, ranging from Rs 2,200 to Rs 18,100 per sq.ft. The median value is Rs 5,500 per sq.ft, indicating that Ponniyamman 2nd Lane's 2024 figure is below this median.

• Ponniyamman 1st Lane: Rs 4,900 per sq.ft (2024)
• Ponniyamman Street: Rs 4,900 per sq.ft (2024)
• Ponnappa Mudali Street: Rs 4,900 per sq.ft (2024)
• Ponnappa 3rd Lane: Rs 4,900 per sq.ft (2024)
• Ponnappa 2nd Lane: Rs 4,900 per sq.ft (2024)
• Ponnappa 1st Lane: Rs 4,900 per sq.ft (2024)

Stamp duty and registration fee for property in Ponniyamman 2nd Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 4,900 per sq.ft, the total guideline value would be Rs 49,00,000. The stamp duty at 7% would amount to Rs 3,43,000, and the registration fee at 2% would be Rs 98,000, resulting in a total of Rs 4,41,000. Stamp duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Ponniyamman 2nd Lane?

The Sub Registrar Office that covers Ponniyamman 2nd Lane is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Purasaivakkam. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

Frequently asked questions

What is the current guideline value of Ponniyamman 2nd Lane?

The current guideline value of Ponniyamman 2nd Lane is Rs 4,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,100 per sq.ft in 2007 to Rs 4,900 per sq.ft in 2024, reflecting an overall increase of 345%.

What are the other streets with the same guideline value in Purasaivakkam?

Other streets in Purasaivakkam with the same guideline value of Rs 4,900 per sq.ft include Ponniyamman 1st Lane, Ponniyamman Street, Ponnappa Mudali Street, Ponnappa 3rd Lane, Ponnappa 2nd Lane, and Ponnappa 1st Lane.

What is the stamp duty rate for properties in Ponniyamman 2nd Lane?

The stamp duty rate for properties in Ponniyamman 2nd Lane is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Ponniyamman 2nd Lane?

The Sub Registrar Office for Ponniyamman 2nd Lane is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.