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Guideline Value

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Guideline Value for PONNIYAMMAN KOIL 3RD MAIN STREET

₹2200/sq.ft.

The guideline value for Ponniyamman Koil 3rd Main Street 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 3rd Main Street

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Ponniyamman Koil 3rd Main Street guideline value

The current guideline value of Ponniyamman Koil 3rd Main 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 it falls under the Residential Class II Type - III land classification.

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

As per the guideline value register, there are no figures available for Ponniyamman Koil 3rd Main Street for the years 2002, 2003, 2007, 2012, and 2017. The 2023 revision set the guideline value at Rs 2,000 per sq.ft, which then increased by 10% to Rs 2,200 per sq.ft in the 2024 revision.

This increase reflects a change from the previous year's value, marking a significant adjustment in the guideline value for this street. The current value aligns with the median guideline value for the village, which is also Rs 2,200 per sq.ft as per the 2024 revision.

Guideline values in Sholinganallur - 1

In Sholinganallur - 1, there are a total of 754 streets under the Neelankarai SRO with guideline values ranging from Rs 1,000 to Rs 8,800 per sq.ft. The Ponniyamman Koil 3rd Main Street's 2024 guideline value is equal to the median of Rs 2,200 per sq.ft.

Stamp duty and registration fee for property in Ponniyamman Koil 3rd Main Street

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 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 our stamp duty and registration fee calculator for more details.

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

The Sub Registrar Office that covers Ponniyamman Koil 3rd Main 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 during the registration of property transactions in Sholinganallur - 1. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring transparency in the transaction process.

When buyers or sellers engage in property transactions, the guideline value helps in calculating the applicable stamp duty and registration fees. This ensures that both parties adhere to the legal requirements set forth by the Registration Department.

Frequently asked questions

What is the current guideline value of Ponniyamman Koil 3rd Main Street?

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

How much has the guideline value changed recently?

The guideline value increased from Rs 2,000 per sq.ft in 2023 to Rs 2,200 per sq.ft in 2024, marking a 10% increase.

What is the land classification for Ponniyamman Koil 3rd Main Street?

Ponniyamman Koil 3rd Main Street falls under the Residential Class II Type - III land classification.

Where can I find the Neelankarai SRO?

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 stamp duty calculated for properties in Ponniyamman Koil 3rd Main Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the stamp duty would be Rs 1,54,000.