Guideline Value for PONNUSWAMY NAGAR

Ponnuswamy Nagar guideline value

The current guideline value of Ponnuswamy Nagar, located in Matthur village under the Thiruvottiyur SRO, is Rs 1,100 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - III.

How the guideline value of Ponnuswamy Nagar has changed

The guideline value for Ponnuswamy Nagar has seen several revisions over the years. In 2002, the value was Rs 50 per sq.ft, which increased to Rs 60 per sq.ft in 2003, marking a 20% rise. Following this, the value rose to Rs 100 per sq.ft in 2007, a significant increase of 67%. The value then experienced a dramatic jump to Rs 1,000 per sq.ft in 2012, reflecting a 900% increase. However, it decreased to Rs 670 per sq.ft in 2017, showing a decline of 33%. The guideline value then rose to Rs 1,000 per sq.ft in 2023, followed by a 10% increase to the current value of Rs 1,100 per sq.ft in 2024.

Overall, from 2002 to 2024, the guideline value has increased by 2100%. There are no figures available for the revisions in years not listed for this street.

Guideline values in Matthur

In Matthur, there are 66 streets under the Thiruvottiyur SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 3,300 per sq.ft, with the median value being Rs 1,100 per sq.ft. Ponnuswamy Nagar's 2024 figure is equal to this median.

• Ponniamman Koil Street: Rs 1,100 per sq.ft (2024)
• Pillayar Koil Street: Rs 1,100 per sq.ft (2024)
• Perumal Koil Street: Rs 1,100 per sq.ft (2024)
• Rajiv Gandhi Nagar: Rs 1,100 per sq.ft (2024)
• Pangu Medu: Rs 1,100 per sq.ft (2024)
• Pada Salai Road: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Ponnuswamy Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, resulting in a total of Rs 99,000. It is important to note that 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 more information.

Which Sub Registrar Office covers Ponnuswamy Nagar?

The Sub Registrar Office that covers Ponnuswamy Nagar is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more details.

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

When buying or selling property in Matthur, the guideline value is a crucial factor as it determines the stamp duty and registration fees applicable to the transaction. The guideline value serves as a benchmark for the minimum value at which the property can be registered.

It is essential for buyers and sellers to be aware of the current guideline value, as it impacts the overall cost of the transaction. The registration office will use this value to calculate the necessary fees, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Ponnuswamy Nagar?

The current guideline value of Ponnuswamy Nagar is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 50 per sq.ft in 2002 to Rs 1,100 per sq.ft in 2024, marking an overall increase of 2100% over this period.

What are the stamp duty and registration fees for property in Ponnuswamy Nagar?

For a 1,000 sq.ft plot, the total guideline value is Rs 11,00,000, leading to a stamp duty of Rs 77,000 and a registration fee of Rs 22,000, totaling Rs 99,000.

Which Sub Registrar Office covers Ponnuswamy Nagar?

The Thiruvottiyur Sub Registrar Office covers Ponnuswamy Nagar, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

What is the land classification for Ponnuswamy Nagar?

The land classification for Ponnuswamy Nagar is Residential Special Type - III, indicating its designated use for residential purposes.