Guideline Value for PONNUSAMY NAGAR

Ponnusamy Nagar guideline value

The current guideline value of Ponnusamy Nagar is Rs 450 per sq.ft, effective from 1 July 2024. This area is located in Vaiyavur village and falls under the Kanchipuram Joint I SRO. The land classification for this street is Residential Special Type - III.

How the guideline value of Ponnusamy Nagar has changed

In the 2023 revision, the guideline value for Ponnusamy Nagar was Rs 450 per sq.ft, which remains unchanged in the 2024 revision. The register has no figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

Overall, the guideline value has seen no change from 2023 to 2024, with a percentage change of +0%. The current value aligns with the median guideline value for other streets in Vaiyavur.

Guideline values in Vaiyavur

In Vaiyavur, there are 11 streets under the Kanchipuram Joint I SRO that carry a 2024 guideline value ranging from Rs 234 to Rs 800 per sq.ft. The median guideline value for these streets is Rs 450 per sq.ft, which is equal to the current value of Ponnusamy Nagar.

• Osiya Garden: Rs 335 per sq.ft (2024)
• Sumangali Nagar: Rs 234 per sq.ft (2024)
• Kanchi Garden Extention: Rs 250 per sq.ft (2024)
• Kanchi Garden: Rs 250 per sq.ft (2024)
• Aishwaryam Garden: Rs 700 per sq.ft (2024)
• Ganesh Garden: Rs 800 per sq.ft (2024)

Stamp duty and registration fee for property in Ponnusamy Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 450 per sq.ft, the total guideline value would be Rs 4,50,000. The stamp duty at 7% would be Rs 31,500, and the registration fee at 2% would be Rs 9,000, making the total charges Rs 40,500. 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 Ponnusamy Nagar?

Ponnusamy Nagar is covered by the Kanchipuram Joint I Sub Registrar Office, located at No.52 Orikkai Madura, Udhayamangalam Village, Near Anna Kudiyiruppu, Kanchipuram -631502, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property transactions in Vaiyavur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Ponnusamy Nagar?

The current guideline value of Ponnusamy Nagar is Rs 450 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Ponnusamy Nagar has remained at Rs 450 per sq.ft since the 2023 revision, with no changes noted from previous revisions in 2017, 2012, 2007, 2003, and 2002.

What are the guideline values of other streets in Vaiyavur?

Other streets in Vaiyavur have guideline values ranging from Rs 234 to Rs 800 per sq.ft, with a median value of Rs 450 per sq.ft, which is the same as Ponnusamy Nagar's current value.

How is stamp duty calculated for properties in Ponnusamy Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 4,50,000, the stamp duty would be Rs 31,500 at 7%.

Which office handles registrations for Ponnusamy Nagar?

The Kanchipuram Joint I Sub Registrar Office handles registrations for Ponnusamy Nagar. It is located at No.52 Orikkai Madura, Udhayamangalam Village, Near Anna Kudiyiruppu, Kanchipuram -631502, Chengalpattu registration zone.