Guideline Value

Corporate

Guideline Value for PONRATHINA NAGAR

₹1650/sq.ft.

The guideline value for Ponrathina Nagar in Pallikaranai village (Chennai South Joint I SRO, Chennai zone) is Rs 1650 per sq.ft, effective 1 July 2024. The land classification is Residential Class Iv Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Pallikaranai

Village

Chennai South Joint I

SRO

Residential Class IV Type - I
History
Period Guideline Value
From 1-7-2024 ₹1650 /sq.ft.
From 1-4-2023 N/A
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 ₹1500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹400 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹91 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹77 /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
044-29510536
[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 Ponrathina Nagar

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Ponrathina Nagar guideline value

The current guideline value of Ponrathina Nagar is Rs 1,650 per sq.ft, effective from 1 July 2024. This locality is situated in Pallikaranai village and falls under the Chennai South Joint I SRO. The land classification for this area is Residential Class IV Type - I.

How the guideline value of Ponrathina Nagar has changed

The guideline value for Ponrathina Nagar has undergone several revisions over the years. Starting from Rs 77 per sq.ft in 2002, it increased to Rs 91 per sq.ft in 2003, marking an 18% rise. The value then saw a significant jump to Rs 400 per sq.ft in 2007, which was a 340% increase. Following this, the 2012 revision set the value at Rs 1,500 per sq.ft, reflecting a remarkable 275% increase from the previous figure. The most recent revision in 2024 brought the value to Rs 1,650 per sq.ft, a 10% increase from 2012.

It is important to note that there are no figures available for the revisions in 2017 and 2023 for this street. Overall, from 2002 to 2024, the guideline value has increased by an impressive 2043%.

Guideline values in Pallikaranai

Pallikaranai comprises 749 streets under the Chennai South Joint I SRO, with the 2024 guideline values ranging from Rs 1,110 to Rs 8,580 per sq.ft. The median guideline value for these streets is Rs 1,650 per sq.ft, which is the same as the current value for Ponrathina Nagar.

Stamp duty and registration fee for property in Ponrathina Nagar

For a 1,000 sq.ft plot at the current rate of Rs 1,650 per sq.ft, the guideline value amounts to Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total to Rs 1,48,500. It is essential 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 Ponrathina Nagar?

The Sub Registrar Office that covers Ponrathina Nagar is the Chennai South Joint I 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 Pallikaranai

The guideline value plays a crucial role in the registration process of property transactions in Pallikaranai. It serves as a reference point for determining the stamp duty and registration fees that need to be paid when a property is bought or sold.

When a buyer or seller engages in a transaction, the guideline value is used to calculate the applicable fees, ensuring that the transaction is recorded accurately in the official registry. This helps maintain transparency and consistency in property dealings.

Frequently asked questions

What is the current guideline value of Ponrathina Nagar?

The current guideline value of Ponrathina Nagar is Rs 1,650 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly from Rs 77 per sq.ft in 2002 to Rs 1,650 per sq.ft in 2024, representing an overall increase of 2043%.

What are the other streets in Pallikaranai with their guideline values?

Other streets in Pallikaranai include Prabhu Nagar at Rs 1,320 per sq.ft, Prabhu Nagar 2nd Street and Prabhu Nagar 3rd Street both at Rs 1,110 per sq.ft, and Pillayar Kovil Street Vgp Shanthi Nagar at Rs 2,750 per sq.ft, among others.

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

For a property valued at Rs 16,50,000, the stamp duty would be Rs 1,15,500 and the registration fee would be Rs 33,000, totaling Rs 1,48,500.

Which office handles property registrations in Ponrathina Nagar?

The Chennai South Joint I Sub Registrar Office handles property registrations in Ponrathina Nagar, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.