Guideline Value for PONNIYAMMAN NAGAR

Ponniyamman Nagar guideline value

The current guideline value of Ponniyamman Nagar is Rs 1,500 per sq.ft, effective from 1 July 2024. This area is located in Thiruvottiyur village, under the Thiruvottiyur SRO, classified as Residential Class II Type - II.

How the guideline value of Ponniyamman Nagar has changed

The guideline value for Ponniyamman Nagar has seen several revisions over the years. In 2007, the value was Rs 500 per sq.ft, which increased significantly to Rs 1,400 per sq.ft in 2012, marking a 180% rise. However, it then decreased to Rs 938 per sq.ft in 2017, which was a decline of 33%. The value rose again to Rs 1,400 per sq.ft in 2023, and currently stands at Rs 1,500 per sq.ft from the 2024 revision, reflecting a 7% increase from the previous year.

The register has no figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 200%.

Guideline values in Thiruvottiyur

In Thiruvottiyur, there are 177 streets under the Thiruvottiyur SRO that carry a 2024 guideline value ranging from Rs 1,300 to Rs 8,600 per sq.ft, with a median value of Rs 3,300 per sq.ft. Ponniyamman Nagar's 2024 figure is below this median.

• Poompugar Nagar: Rs 1,500 per sq.ft (2024)
• Poonga Nagar: Rs 2,150 per sq.ft (2024)
• Poonganva Puram: Rs 2,150 per sq.ft (2024)
• Poonthottam Lane: Rs 3,300 per sq.ft (2024)
• Pudhiya Kinaru Street: Rs 3,300 per sq.ft (2024)
• Perumal Koil Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Ponniyamman Nagar

For a 1,000 sq.ft plot at the current rate of Rs 1,500 per sq.ft, the guideline value is Rs 15,00,000. The stamp duty at 7% would be Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, totaling Rs 1,35,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Ponniyamman Nagar?

Ponniyamman Nagar falls under the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor when buying or selling property in Thiruvottiyur. It serves as a benchmark for determining the minimum price at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during transactions.

At the time of registration, the guideline value is used to calculate the applicable stamp duty and registration 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 1,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2007 to Rs 1,500 per sq.ft in 2024, reflecting an overall increase of 200% over this period.

What is the registration office for Ponniyamman Nagar?

The registration office for Ponniyamman Nagar is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 15,00,000 would incur a stamp duty of Rs 1,05,000 and a registration fee of Rs 30,000.

What is the land classification for Ponniyamman Nagar?

Ponniyamman Nagar is classified as Residential Class II Type - II, which indicates the type of development permissible in this area.