Guideline Value for PONNIYAMMAN KOIL MAYANA PATHAI CROSS STREET

Ponniyamman Koil Mayana Pathai Cross Street guideline value

The current guideline value for Ponniyamman Koil Mayana Pathai 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, classified as Residential Class II Type - III.

How the guideline value of Ponniyamman Koil Mayana Pathai Cross Street has changed

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

Overall, from the 2017 revision to the 2024 revision, 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, a total of 754 streets under the Neelankarai SRO have a guideline value for 2024 ranging from Rs 1,000 to Rs 8,800 per sq.ft. The median guideline value for these streets is Rs 2,200 per sq.ft, which is equal to the current value of Ponniyamman Koil Mayana Pathai Cross Street.

• Ponniyamman Koil Main Road: Rs 3,300 per sq.ft (2024)
• Ponniyamman Koil Mayana Pathai Joint: Rs 2,200 per sq.ft (2024)
• Ponniyamman Koil Erikarai Salai: Rs 2,200 per sq.ft (2024)
• Ponniyamman Koil 3rd Main 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 Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Ponniyamman Koil Mayana Pathai 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 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 cost 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.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ponniyamman Koil Mayana Pathai Cross Street?

The Sub Registrar Office that covers Ponniyamman Koil Mayana Pathai 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 plays a crucial role 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, thereby ensuring compliance with legal requirements.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees, which are essential components of the transaction process. This ensures that all parties involved are aware of the financial implications associated with the property transfer.

Frequently asked questions

What is the current guideline value for Ponniyamman Koil Mayana Pathai Cross Street?

The current guideline value for Ponniyamman Koil Mayana Pathai 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 on this street?

For a property of 1,000 sq.ft at the guideline value of Rs 2,200 per sq.ft, the total guideline value is Rs 22,00,000. The stamp duty would be Rs 1,54,000 and the registration fee would be Rs 44,000, totaling Rs 1,98,000.

Which office handles the registration for this street?

The Neelankarai Sub Registrar Office handles the registration for Ponniyamman Koil Mayana Pathai 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 Mayana Pathai Cross Street?

Ponniyamman Koil Mayana Pathai Cross Street is classified as Residential Class II Type - III.