Guideline Value

Corporate

Guideline Value for PONSAKTHI NAGAR

₹200/sq.ft.

The guideline value for Ponsakthi Nagar in Siruvanoor village (Tiruvallur Joint 1 SRO, Chennai zone) is Rs 200 per sq.ft, effective 1 July 2024. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Siruvanoor

Village

Tiruvallur Joint 1

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹200 /sq.ft.
From 1-4-2023 ₹200 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹134 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹200 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.
044-27666992
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[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 Ponsakthi Nagar

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Ponsakthi Nagar guideline value

The current guideline value of Ponsakthi Nagar is Rs 200 per sq.ft, effective from 1 July 2024. This area is located in Siruvanoor village under the Tiruvallur Joint 1 SRO, classified as Residential Class III Type - I.

How the guideline value of Ponsakthi Nagar has changed

The guideline value for Ponsakthi Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 200 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 134 per sq.ft. The value then increased significantly by 49% to Rs 200 per sq.ft in the 2023 revision. The current 2024 revision maintains this figure at Rs 200 per sq.ft, showing no change from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has remained the same at Rs 200 per sq.ft.

Guideline values in Siruvanoor

In Siruvanoor, there are 18 streets under the Tiruvallur Joint 1 SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 900 per sq.ft, with a median value of Rs 250 per sq.ft. The guideline value of Ponsakthi Nagar is below this median.

Stamp duty and registration fee for property in Ponsakthi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value would be Rs 2,00,000. The stamp duty is charged at 7%, amounting to Rs 14,000, and the registration fee is charged at 2%, which is Rs 4,000. Together, the total cost for stamp duty and registration fee would be Rs 18,000. It is important to note that the 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 details.

Which Sub Registrar Office covers Ponsakthi Nagar?

The Sub Registrar Office that covers Ponsakthi Nagar is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.N. Road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Siruvanoor. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction. Buyers and sellers should be aware that the guideline value may affect the overall cost of the property transaction.

When registering a property, 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 registration process is consistent and transparent, reflecting the value of the property accurately.

Frequently asked questions

What is the current guideline value of Ponsakthi Nagar?

The current guideline value of Ponsakthi Nagar is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, with the most recent being Rs 200 per sq.ft in 2024, which is the same as in 2023. Notably, it increased from Rs 134 per sq.ft in 2017 to Rs 200 per sq.ft in 2023.

What are the other streets in Siruvanoor and their guideline values?

Other streets in Siruvanoor include Senthil Nagar, S.J.N. Nagar, and S.P. Garden, all at Rs 100 per sq.ft in 2024. Sri Krishna Nagar & Pahse-I and Sri Selva Ganapathi Nagar are at Rs 300 per sq.ft.

What are the stamp duty and registration fees for properties in Ponsakthi Nagar?

The stamp duty for properties in Ponsakthi Nagar is 7%, and the registration fee is 2%. For a 1,000 sq.ft plot, the total cost for these fees would be Rs 18,000 based on the current guideline value.

Which office handles the registration for Ponsakthi Nagar?

The Tiruvallur Joint 1 Sub Registrar Office handles the registration for Ponsakthi Nagar. It is located at No.201, J.N. Road, Taluk Office Compound, Thiruvallur-602001.