Guideline Value

Corporate

Guideline Value for PONNUSAMY NAICKER STREET

₹1950/sq.ft.

The guideline value for Ponnusamy Naicker Street in Ramapuram village (Chennai South Joint Ii SRO, Chennai zone) is Rs 1950 per sq.ft, effective 1 July 2024. It was Rs 1750 per sq.ft from 1 April 2023, a 11% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Ramapuram

Village

Chennai South Joint II

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹1950 /sq.ft.
From 1-4-2023 ₹1750 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1172 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1750 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹900 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹386 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹245 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Integrated Building For Offices Of The Commerrcial Taxes And Registrations Department ,fanepet Nandanam ,chennai -600 035
044-29510538
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Ponnusamy Naicker Street

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Ponnusamy Naicker Street guideline value

The current guideline value of Ponnusamy Naicker Street is Rs 1,950 per sq.ft, effective from 1 July 2024. This street is located in Ramapuram village under the Chennai South Joint II SRO, and it falls under the Residential Class III Type - I land classification.

How the guideline value of Ponnusamy Naicker Street has changed

The guideline value for Ponnusamy Naicker Street has seen several revisions over the years. In 2002, the value was Rs 245 per sq.ft, which increased to Rs 386 per sq.ft in 2003. The value continued to rise significantly, reaching Rs 900 per sq.ft in 2007, and further increasing to Rs 1,750 per sq.ft in 2012. However, it saw a decline to Rs 1,172 per sq.ft in 2017. The value then rose again to Rs 1,750 per sq.ft in 2023, before reaching the current value of Rs 1,950 per sq.ft in 2024.

Overall, from 2002 to 2024, the guideline value has increased by 696%. The changes between the revisions include an increase of 58% from 2002 to 2003, a rise of 133% from 2003 to 2007, a 94% increase from 2007 to 2012, a decline of 33% from 2012 to 2017, and a significant rise of 49% from 2017 to 2023. The latest revision from 2023 to 2024 shows an increase of 11%.

Guideline values in Ramapuram

In Ramapuram, there are 394 streets under the Chennai South Joint II SRO that carry a 2024 guideline value, ranging from Rs 1,950 to Rs 6,600 per sq.ft. The median guideline value for these streets is Rs 3,100 per sq.ft, placing Ponnusamy Naicker Street's 2024 figure below that median.

Stamp duty and registration fee for property in Ponnusamy Naicker Street

For a 1,000 sq.ft plot at the current guideline value, the total guideline value would be Rs 19,50,000. The stamp duty at 7% would amount to Rs 1,36,500, and the registration fee at 2% would be Rs 39,000, bringing the total fees together to Rs 1,75,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ponnusamy Naicker Street?

The Sub Registrar Office covering Ponnusamy Naicker Street is the Chennai South Joint II Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Ramapuram. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of registration.

When a property is sold, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the registration process is transparent and standardized across the region.

Frequently asked questions

What is the current guideline value of Ponnusamy Naicker Street?

The current guideline value of Ponnusamy Naicker Street is Rs 1,950 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 245 per sq.ft in 2002 to Rs 1,950 per sq.ft in 2024, reflecting an overall increase of 696% over this period.

What is the median guideline value in Ramapuram?

The median guideline value for streets in Ramapuram is Rs 3,100 per sq.ft, with Ponnusamy Naicker Street's value being below this median.

What are the stamp duty rates for property in Ponnusamy Naicker Street?

The stamp duty for property in Ponnusamy Naicker Street is charged at a rate of 7% on the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Ponnusamy Naicker Street?

The Sub Registrar Office for Ponnusamy Naicker Street is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.