Guideline Value for PONNUSAMI VADHIYAR STREET

Ponnusami Vadhiyar Street guideline value

The current guideline value of Ponnusami Vadhiyar Street is Rs 5,000 per sq.ft, effective from 1 July 2024. This street is located in Puliyur village under the Kodambakkam SRO, classified as Residential Class III Type - I.

How the guideline value of Ponnusami Vadhiyar Street has changed

The guideline value for Ponnusami Vadhiyar Street has undergone several revisions over the years. In the 2007 revision, the guideline value was Rs 1,400 per sq.ft. This increased significantly to Rs 4,600 per sq.ft in the 2012 revision, followed by a decrease to Rs 3,082 per sq.ft in 2017. The value then rose sharply to Rs 4,600 per sq.ft in 2023, and finally reached Rs 5,000 per sq.ft in the 2024 revision.

From 2023 to 2024, there was an increase of 9%. The overall increase from the 2007 revision to the 2024 revision is 257%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Puliyur

In Puliyur, there are 648 streets under the Kodambakkam SRO, with 2024 guideline values ranging from Rs 3,300 to Rs 14,300 per sq.ft. The median guideline value in this area is Rs 5,800 per sq.ft, placing Ponnusami Vadhiyar Street's 2024 figure below that median.

• Pillayar Koil Street: Rs 4,400 per sq.ft (2024)
• Puliyur 1st Lane: Rs 5,800 per sq.ft (2024)
• Puliyur 1st Main Road: Rs 7,100 per sq.ft (2024)
• Puliyur 2nd Lane: Rs 5,800 per sq.ft (2024)
• Puliyur 2nd Main Road: Rs 7,100 per sq.ft (2024)
• Puliyur Main Road: Rs 8,200 per sq.ft (2024)

Stamp duty and registration fee for property in Ponnusami Vadhiyar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 5,000 per sq.ft, the total guideline value would be Rs 50,00,000. The stamp duty at 7% would amount to Rs 3,50,000, and the registration fee at 2% would be Rs 1,00,000, bringing the total to Rs 4,50,000. Duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for accurate calculations.

Which Sub Registrar Office covers Ponnusami Vadhiyar Street?

The Sub Registrar Office covering Ponnusami Vadhiyar Street is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions, as it determines the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees payable during the transaction.

When buying or selling property in Puliyur, it is essential to be aware of the current guideline value to ensure compliance with registration requirements. This value helps in assessing the financial implications of the transaction.

Frequently asked questions

What is the current guideline value of Ponnusami Vadhiyar Street?

The current guideline value of Ponnusami Vadhiyar Street is Rs 5,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,400 per sq.ft in 2007 to Rs 5,000 per sq.ft in 2024, with various revisions in between, including a peak of Rs 4,600 per sq.ft in 2012 and 2023.

What is the median guideline value in Puliyur?

The median guideline value in Puliyur is Rs 5,800 per sq.ft, which is higher than the current value of Ponnusami Vadhiyar Street.

What are the stamp duty and registration fees for property in Ponnusami Vadhiyar Street?

For a property valued at Rs 50,00,000, the stamp duty would be Rs 3,50,000 and the registration fee would be Rs 1,00,000, totaling Rs 4,50,000.

Which office should I visit for registration in Puliyur?

You should visit the Kodambakkam Sub Registrar Office located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026 for registration of properties in Puliyur.