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Guideline Value

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Guideline Value for PONVIZHA NAGAR 2ND MAIN ROAD

₹4400/sq.ft.

The guideline value for Ponvizha Nagar 2nd Main Road in Villivakkam village (Villivakkam SRO, Chennai zone) is Rs 4400 per sq.ft, effective 1 July 2024. It was Rs 4000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iii Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Villivakkam

Village

Villivakkam

SRO

Residential Class III Type - III
History
Period Guideline Value
From 1-7-2024 ₹4400 /sq.ft.
From 1-4-2023 ₹4000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2680 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4000 /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)

Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 ( Near By Nolambur Eb Office )
044-29561092
[email protected]

DRO (District Registrar Office)

No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai - 600 014.
044-28613607
[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 Ponvizha Nagar 2nd Main Road

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Ponvizha Nagar 2nd Main Road guideline value

The current guideline value of Ponvizha Nagar 2nd Main Road is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Villivakkam village under the Villivakkam SRO, and is classified as Residential Class III Type - III.

How the guideline value of Ponvizha Nagar 2nd Main Road has changed

The guideline value for Ponvizha Nagar 2nd Main Road has seen several revisions over the years. The oldest revision available is from 2012, where the guideline value was Rs 4,000 per sq.ft. This figure was revised to Rs 2,680 per sq.ft in 2017, marking a decrease of 33%. In 2023, the value increased to Rs 4,000 per sq.ft, and finally, in 2024, it rose to Rs 4,400 per sq.ft, reflecting a 10% increase from the previous year.

There are no available figures for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Villivakkam

In Villivakkam, there are 372 streets under the Villivakkam SRO, with guideline values ranging from Rs 1,600 to Rs 13,200 per sq.ft. The median guideline value in this area is Rs 4,900 per sq.ft, indicating that the guideline value of Ponvizha Nagar 2nd Main Road is below this median.

Stamp duty and registration fee for property in Ponvizha Nagar 2nd Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, totaling Rs 3,96,000. 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 Ponvizha Nagar 2nd Main Road?

The Ponvizha Nagar 2nd Main Road falls under the jurisdiction of the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office). You can find your SRO for more details.

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

When buying or selling property in Villivakkam, the guideline value plays a crucial role in determining the stamp duty and registration fees. The guideline value is used as a benchmark to calculate these fees, ensuring that the transaction is recorded at a fair value as per the government's regulations.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly impacts the overall cost of property transactions. Ensuring that the property is registered at the correct guideline value helps in maintaining transparency and legality in real estate dealings.

Frequently asked questions

What is the current guideline value of Ponvizha Nagar 2nd Main Road?

The current guideline value of Ponvizha Nagar 2nd Main Road is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 4,000 per sq.ft in 2023 to Rs 4,400 per sq.ft in 2024, representing a 10% increase. It was Rs 2,680 per sq.ft in 2017, which was a 33% decrease from Rs 4,000 per sq.ft in 2012.

What is the land classification for Ponvizha Nagar 2nd Main Road?

Ponvizha Nagar 2nd Main Road is classified as Residential Class III Type - III according to the land classification regulations.

What is the registration office for Ponvizha Nagar 2nd Main Road?

The registration office that covers Ponvizha Nagar 2nd Main Road is the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is the stamp duty calculated for properties in Villivakkam?

The stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 3,08,000 at a rate of 7%.