Guideline Value for PONNURANGAM ROAD

Ponnurangam Road guideline value

The current guideline value of Ponnurangam Road in Enjambakkam village, under the Neelankarai SRO, is Rs 2,200 per sq.ft, effective from 1 July 2024. This property falls under the Residential Class III Type - I land classification.

How the guideline value of Ponnurangam Road has changed

The guideline value for Ponnurangam Road has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 2,200 per sq.ft, an increase of 10% from the 2023 revision of Rs 2,000 per sq.ft. Prior to that, the 2017 revision recorded a value of Rs 1,340 per sq.ft, marking a significant increase of 49% from the previous 2023 figure. The 2012 revision also had a value of Rs 2,000 per sq.ft, which was a decrease of 33% from the 2017 figure. The 2007 revision showed a guideline value of Rs 500 per sq.ft, reflecting a substantial increase of 300% to the 2012 figure.

There are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to the current 2024 revision, the guideline value has increased by 340%.

Guideline values in Enjambakkam

In Enjambakkam, there are 253 streets under the Neelankarai SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 7,200 per sq.ft, with the median being Rs 2,200 per sq.ft. Ponnurangam Road’s 2024 figure aligns with this median.

• Pon Vidya School Road: Rs 2,800 per sq.ft (2024)
• POOMBUKAR 1st STREET: Rs 2,200 per sq.ft (2024)
• POOMBUKAR 2nd STREET: Rs 2,200 per sq.ft (2024)
• POOMBUKAR 3rd STREET: Rs 2,200 per sq.ft (2024)
• POOMBUKAR 4th STREET: Rs 2,200 per sq.ft (2024)
• Ponniamman Koil Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Ponnurangam Road

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 for these fees 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 further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ponnurangam Road?

The Ponnurangam Road falls under the jurisdiction of the Neelankarai Sub Registrar Office. The office is 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 Enjambakkam

The guideline value is a crucial factor during property registration in Enjambakkam. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the transaction is recorded at a value recognized by the government.

When buying or selling property, the guideline value helps in determining the official value of the property for tax purposes. This value is used to assess the stamp duty and registration fees applicable to the transaction, ensuring compliance with legal requirements.

Frequently asked questions

What is the current guideline value of Ponnurangam Road?

The current guideline value of Ponnurangam Road is Rs 2,200 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 500 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2024, an overall increase of 340%.

What are the stamp duty rates for property transactions in Ponnurangam Road?

The stamp duty for property transactions in Ponnurangam Road is 7% of the guideline value or sale price, whichever is higher.

Where is the Neelankarai Sub Registrar Office located?

The Neelankarai Sub Registrar Office is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

Are there other streets in Enjambakkam with similar guideline values?

Yes, there are several other streets in Enjambakkam with guideline values similar to Ponnurangam Road, including POOMBUKAR 1st STREET, POOMBUKAR 2nd STREET, and Ponniamman Koil Street, all valued at Rs 2,200 per sq.ft in 2024.