Guideline Value for PONNIYAMMAN KOIL 2ND MAIN 2ND CROSS STREET

Ponniyamman Koil 2nd Main 2nd Cross Street guideline value

The current guideline value for Ponniyamman Koil 2nd Main 2nd Cross Street is Rs 2,200 per sq.ft. This street is located in the village of Sholinganallur - 1 and falls under the Neelankarai SRO. The land classification for this area is Residential Class II Type - III.

How the guideline value of Ponniyamman Koil 2nd Main 2nd Cross Street has changed

The guideline value for Ponniyamman Koil 2nd Main 2nd Cross Street has seen significant changes over the years. In the 2017 revision, the value was Rs 1,340 per sq.ft, which increased to Rs 2,000 per sq.ft in the 2023 revision. The latest revision in 2024 has set the value at Rs 2,200 per sq.ft, marking a 10% increase from the previous year. Overall, from 2017 to 2024, the guideline value has risen by 64%.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. The increase from 2017 to 2023 was 49%, reflecting a substantial change in the guideline value during that period.

Guideline values in Sholinganallur - 1

In Sholinganallur - 1, there are 754 streets under the Neelankarai SRO that have 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 is the same as the guideline value for Ponniyamman Koil 2nd Main 2nd Cross Street.

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

Stamp duty and registration fee for property in Ponniyamman Koil 2nd Main 2nd 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 be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total to Rs 1,98,000. Please note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Ponniyamman Koil 2nd Main 2nd Cross Street?

The Sub Registrar Office that covers Ponniyamman Koil 2nd Main 2nd Cross Street is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor when registering property transactions in Sholinganallur - 1. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the registration process.

Buyers and sellers must be aware that the guideline value is used to calculate the registration charges, and it is crucial to ensure that the property is valued correctly to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value for Ponniyamman Koil 2nd Main 2nd Cross Street?

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

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased from Rs 1,340 per sq.ft to Rs 2,200 per sq.ft in 2024, marking an overall increase of 64%.

What are the stamp duty and registration fees for a property in this area?

The stamp duty is charged at 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 22,00,000, the total fees would amount to Rs 1,98,000.

Which Sub Registrar Office covers this street?

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

What is the land classification for Ponniyamman Koil 2nd Main 2nd Cross Street?

The land classification for Ponniyamman Koil 2nd Main 2nd Cross Street is Residential Class II Type - III.