Guideline Value for PONNIYAMMAN KOIL STREET

Ponniyamman Koil Street guideline value

The current guideline value of Ponniyamman Koil Street is Rs 250 per sq.ft, effective from 1 July 2024. This street is located in Podaturpet village under the Pallipattu SRO, classified as Residential Class I Type - I.

How the guideline value of Ponniyamman Koil Street has changed

The guideline value for Ponniyamman Koil Street has undergone several revisions over the years. The 2017 revision set the value at Rs 167 per sq.ft, which increased by 50% to Rs 250 per sq.ft in the 2023 revision. The 2024 revision maintained this value at Rs 250 per sq.ft, showing no change from the previous year.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 50%.

Guideline values in Podaturpet

In Podaturpet, there are 47 streets under the Pallipattu SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 300 per sq.ft. The median guideline value for these streets is Rs 250 per sq.ft, which is equal to the 2024 figure for Ponniyamman Koil Street.

• Pillai Paliyam Street: Rs 250 per sq.ft (2024)
• Puduur Village: Rs 202 per sq.ft (2024)
• Ootha Vadai Street: Rs 250 per sq.ft (2024)
• Ranga Nadhar Street: Rs 250 per sq.ft (2024)
• Nalla Thaneer Kuzham Street: Rs 250 per sq.ft (2024)
• Nalla Thaneer Kulam Street: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Ponniyamman Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 250 per sq.ft, the total guideline value amounts to Rs 2,50,000. The stamp duty at 7% would be Rs 17,500, and the registration fee at 2% would be Rs 5,000, bringing the total cost for these fees to Rs 22,500. 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 Street?

The Sub Registrar Office that covers Ponniyamman Koil Street is the Pallipattu Sub Registrar Office, located at Nagiri Road, Surajapettai, Pallipattu Taluk, Thiruvallur District-631 207. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Podaturpet

The guideline value is a critical factor in the registration process when buying or selling property in Podaturpet. 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 a property is sold, the guideline value helps establish the sale price for tax purposes. Buyers and sellers should be aware that the stamp duty and registration fees are calculated based on the higher of the guideline value or the actual sale price.

Frequently asked questions

What is the current guideline value of Ponniyamman Koil Street?

The current guideline value of Ponniyamman Koil Street is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 167 per sq.ft in 2017 to Rs 250 per sq.ft in both 2023 and 2024, marking a 50% increase overall from 2017 to 2024.

Are there any years without a guideline value for Ponniyamman Koil Street?

Yes, there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for Ponniyamman Koil Street.

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

For a property valued at Rs 2,50,000, the stamp duty would be Rs 17,500 and the registration fee would be Rs 5,000, totaling Rs 22,500.

Which office handles property registrations for Ponniyamman Koil Street?

The Pallipattu Sub Registrar Office handles property registrations for Ponniyamman Koil Street, located at Nagiri Road, Surajapettai, Pallipattu Taluk, Thiruvallur District-631 207.