Guideline Value for PONNIYAMMAN KOIL 1ST CROSS STREET

Ponniyamman Koil 1st Cross Street guideline value

The current guideline value of Ponniyamman Koil 1st Cross Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in the village of Sholinganallur - 1, under the Neelankarai SRO, and is classified as Residential Class II Type - III.

How the guideline value of Ponniyamman Koil 1st Cross Street has changed

The guideline value for Ponniyamman Koil 1st Cross Street has seen significant changes over the years. The 2017 revision set the value at Rs 1,340 per sq.ft, which increased to Rs 2,000 per sq.ft in the 2023 revision, marking a 49% increase. The current value of Rs 2,200 per sq.ft from the 2024 revision represents a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Sholinganallur - 1

In Sholinganallur - 1, there are 754 streets under the Neelankarai SRO that carry a 2024 guideline value, ranging from Rs 1,000 to Rs 8,800 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, which matches the current guideline value of Ponniyamman Koil 1st Cross Street.

• Ponniyamman Koil 1st Street: Rs 2,200 per sq.ft (2024)
• Ponniyamman Koil 2nd Cross St: Rs 2,200 per sq.ft (2024)
• Ponniyamman Koil 2nd Main 1st Cross Street: Rs 2,200 per sq.ft (2024)
• Ponniyamman Koil 2nd Main 2nd Cross Street: Rs 2,200 per sq.ft (2024)
• Ponniyamman Koil 2nd Main 3rd Cross Street: Rs 2,200 per sq.ft (2024)
• Ponniyamman Koil 2nd Main 4th Cross Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Ponniyamman Koil 1st Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total fees to Rs 1,98,000. It is important to note that 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 Ponniyamman Koil 1st Cross Street?

The Ponniyamman Koil 1st Cross Street falls under the Neelankarai Sub Registrar Office located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

To find your SRO, visit find your SRO.

How the guideline value is used when you buy or sell in Sholinganallur - 1

The guideline value is a crucial factor in the registration process when buying or selling property in Sholinganallur - 1. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

Frequently asked questions

What is the current guideline value of Ponniyamman Koil 1st Cross Street?

The current guideline value of Ponniyamman Koil 1st Cross Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,340 per sq.ft in 2017 to Rs 2,200 per sq.ft in 2024, representing an overall increase of 64% over these years.

What is the stamp duty rate for property transactions?

The stamp duty rate for property transactions in this area is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Neelankarai Sub Registrar Office?

The Neelankarai Sub Registrar Office is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

How is the guideline value determined for other streets in Sholinganallur - 1?

The guideline value for other streets in Sholinganallur - 1 is determined based on various factors and is updated periodically. Currently, the values range from Rs 1,000 to Rs 8,800 per sq.ft, with a median value of Rs 2,200 per sq.ft.