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Guideline Value

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Guideline Value for PONNIYAMMAN KOIL 2ND STREET (KUMARAN NAGAR MAYANA PATHAI JOINT)

₹2200/sq.ft.

The guideline value for Ponniyamman Koil 2nd Street (kumaran Nagar Mayana Pathai Joint) in Sholinganallur - 1 village (Neelankarai SRO, Chennai zone) is Rs 2200 per sq.ft, effective 1 July 2024. It was Rs 2000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Sholinganallur - 1

Village

Neelankarai

SRO

Residential Class II Type - III
History
Period Guideline Value
From 1-7-2024 ₹2200 /sq.ft.
From 1-4-2023 ₹2000 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41
044-24490134
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Ponniyamman Koil 2nd Street (kumaran Nagar Mayana Pathai Joint)

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Ponniyamman Koil 2nd Street (Kumaran Nagar Mayana Pathai Joint) guideline value

The current guideline value for Ponniyamman Koil 2nd Street (Kumaran Nagar Mayana Pathai Joint) 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 it falls under the Residential Class II Type - III land classification.

How the guideline value of Ponniyamman Koil 2nd Street (Kumaran Nagar Mayana Pathai Joint) has changed

The guideline value for Ponniyamman Koil 2nd Street has seen changes over the years. The register has no figure for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was Rs 2,000 per sq.ft, which increased to Rs 2,200 per sq.ft in the 2024 revision, reflecting a 10% increase.

Prior to the 2023 revision, the register does not provide figures for the specified years. The 2024 figure matches the median guideline value for Sholinganallur - 1, which is also Rs 2,200 per sq.ft, indicating that this street's value aligns with the overall market in the area.

Guideline values in Sholinganallur - 1

In Sholinganallur - 1, there are 754 streets under the Neelankarai SRO, with guideline values ranging from Rs 1,000 to Rs 8,800 per sq.ft. The median value is Rs 2,200 per sq.ft, and Ponniyamman Koil 2nd Street's 2024 figure is equal to this median.

Stamp duty and registration fee for property in Ponniyamman Koil 2nd Street (Kumaran Nagar Mayana Pathai Joint)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to 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 fees to Rs 1,98,000. Duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Ponniyamman Koil 2nd Street (Kumaran Nagar Mayana Pathai Joint)?

The Ponniyamman Koil 2nd Street (Kumaran Nagar Mayana Pathai Joint) 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. 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 a critical factor in the registration process when buying or selling property. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is in line with the prevailing market rates.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Ponniyamman Koil 2nd Street?

The current guideline value of Ponniyamman Koil 2nd Street (Kumaran Nagar Mayana Pathai Joint) is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value changed from Rs 2,000 per sq.ft in 2023 to Rs 2,200 per sq.ft in 2024, marking a 10% increase. The register has no figures for the years 2002, 2003, 2007, 2012, and 2017.

What are the stamp duty rates for properties in this area?

The stamp duty for properties in Ponniyamman Koil 2nd Street is charged at 7% of the guideline value or sale price, whichever is higher. For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000.

Where is the Neelankarai Sub Registrar Office located?

The Neelankarai Sub Registrar Office is 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 Street.