Guideline Value for PONNIYAMMAN NAGAR

Ponniyamman Nagar guideline value

The current guideline value of Ponniyamman Nagar is Rs 750 per sq.ft, effective from 1 July 2024. This area is located in the Thiruninravur-A village under the Avadi SRO, classified as Residential Class II Type - III.

How the guideline value of Ponniyamman Nagar has changed

Over the years, the guideline value for Ponniyamman Nagar has seen significant changes. The 2017 revision set the value at Rs 469 per sq.ft, which increased to Rs 700 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 raised the value to Rs 750 per sq.ft, reflecting a 7% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 60%. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

Guideline values in Thiruninravur-A

In Thiruninravur-A, there are 382 streets under the Avadi SRO with a 2024 guideline value ranging from Rs 440 to Rs 2,750 per sq.ft. The median value is Rs 750 per sq.ft, which is the same as the current value for Ponniyamman Nagar.

• Police Quarters St: Rs 750 per sq.ft (2024)
• Prakasam Nagar: Rs 750 per sq.ft (2024)
• Pillayar Koil St: Rs 440 per sq.ft (2024)
• Prakash Nagar Phase-(I-III Part Including): Rs 1,400 per sq.ft (2024)
• Priya Nagar: Rs 750 per sq.ft (2024)
• Perumal Koil St, North-South,East-West Madaveethi: Rs 840 per sq.ft (2024)

Stamp duty and registration fee for property in Ponniyamman Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 750 per sq.ft, the total guideline value amounts to Rs 7,50,000. The stamp duty at 7% would be Rs 52,500, and the registration fee at 2% would be Rs 15,000, making the total cost for these fees Rs 67,500. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ponniyamman Nagar?

The Sub Registrar Office that covers Ponniyamman Nagar is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Thiruninravur-A

The guideline value plays a crucial role in property transactions in Thiruninravur-A, as it is used to determine the stamp duty and registration fees during the buying or selling process. Buyers and sellers must be aware of the current guideline value to ensure accurate financial planning and compliance with local regulations.

When registering a property, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that the government receives the appropriate revenue based on the property's assessed value.

Frequently asked questions

What is the current guideline value of Ponniyamman Nagar?

The current guideline value of Ponniyamman Nagar is Rs 750 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 469 per sq.ft to Rs 750 per sq.ft in 2024, which is a total increase of 60%.

What are the stamp duty and registration fees for a property in Ponniyamman Nagar?

For a property valued at Rs 7,50,000, the stamp duty would be Rs 52,500 and the registration fee would be Rs 15,000, totaling Rs 67,500.

Which Sub Registrar Office handles registrations for Ponniyamman Nagar?

The Avadi Sub Registrar Office handles registrations for Ponniyamman Nagar, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

What is the median guideline value in Thiruninravur-A?

The median guideline value in Thiruninravur-A is Rs 750 per sq.ft, which is the same as the current value for Ponniyamman Nagar.