Guideline Value for PONNIYAMMAN KOIL 2ND MAIN 3RD CROSS STREET

Ponniyamman Koil 2nd Main 3rd Cross Street guideline value

The current guideline value of Ponniyamman Koil 2nd Main 3rd Cross Street is Rs 2,200 per sq.ft. This street is located in the village of Sholinganallur - 1 under the Neelankarai SRO, classified as Residential Class II Type - III.

How the guideline value of Ponniyamman Koil 2nd Main 3rd Cross Street has changed

The guideline value for Ponniyamman Koil 2nd Main 3rd Cross Street has seen several revisions over the years. The most recent revision in 2024 set the guideline value at Rs 2,200 per sq.ft, an increase from Rs 2,000 per sq.ft in 2023, marking a 10% rise. Prior to that, in 2017, the value was Rs 1,340 per sq.ft, which means there was a significant increase of 49% to reach the 2023 figure. Overall, from 2017 to 2024, the guideline value has increased by 64%.

It is important to note that 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 with a 2024 guideline value ranging from Rs 1,000 to Rs 8,800 per sq.ft. The median guideline value is Rs 2,200 per sq.ft, which is the same as the current value for Ponniyamman Koil 2nd Main 3rd Cross Street.

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

Stamp duty and registration fee for property in Ponniyamman Koil 2nd Main 3rd 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 to Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Ponniyamman Koil 2nd Main 3rd Cross Street?

The Ponniyamman Koil 2nd Main 3rd Cross Street is covered by 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, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration process of property transactions in Sholinganallur - 1. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling a property, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable stamp duty. This helps maintain transparency and fairness in property transactions.

Frequently asked questions

What is the current guideline value for Ponniyamman Koil 2nd Main 3rd Cross Street?

The current guideline value for Ponniyamman Koil 2nd Main 3rd Cross Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed in recent years?

Since 2017, the guideline value has increased by 64%, from Rs 1,340 per sq.ft to Rs 2,200 per sq.ft in 2024. The most recent change was a 10% increase from Rs 2,000 per sq.ft in 2023.

Which Sub Registrar Office covers this street?

The Neelankarai Sub Registrar Office covers Ponniyamman Koil 2nd Main 3rd Cross Street, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

What is the median guideline value in Sholinganallur - 1?

The median guideline value in Sholinganallur - 1 is Rs 2,200 per sq.ft, which is the same as the current guideline value for Ponniyamman Koil 2nd Main 3rd Cross Street.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a plot valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 at 7%.