Guideline Value for Pillaiyar Koil Street, Ponni Nagar

Pillaiyar Koil Street, Ponni Nagar guideline value

The current guideline value of Pillaiyar Koil Street, Ponni Nagar is Rs 1,870 per sq.ft, effective from 1 July 2024. This street is located in Pammal village and falls under the Pammal SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of Pillaiyar Koil Street, Ponni Nagar has changed

The guideline value for Pillaiyar Koil Street has undergone several revisions over the years. The 2017 revision set the value at Rs 1,139 per sq.ft, which increased significantly to Rs 1,700 per sq.ft in the 2023 revision, marking a 49% increase. The latest revision in 2024 has further raised the guideline value to Rs 1,870 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street.

Guideline values in Pammal

Pammal village has a total of 926 streets under the Pammal SRO, with the 2024 guideline values ranging from Rs 880 to Rs 3,300 per sq.ft. The median value for these streets is Rs 2,090 per sq.ft, which indicates that Pillaiyar Koil Street's current guideline value is below this median.

• Pillaiyar Koil Street. H.L. Colony: Rs 2,530 per sq.ft (2024)
• Pillaiyar Koil Street, Gandhi Nagar Extn: Rs 2,475 per sq.ft (2024)
• Pillaiyar Koil Street, Dr.Ambedhar Nagar: Rs 1,980 per sq.ft (2024)
• Pillappan Street, Meenakshi Nagar: Rs 1,980 per sq.ft (2024)
• Pillayar Koil 1st Cross Street / Krishna Nagar: Rs 2,530 per sq.ft (2024)
• Pillayar Koil 1st Street / Krishna Nagar: Rs 2,530 per sq.ft (2024)

Stamp duty and registration fee for property in Pillaiyar Koil Street, Ponni Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,870 per sq.ft, the total guideline value would be Rs 18,70,000. The stamp duty at 7% would amount to Rs 1,30,900, and the registration fee at 2% would be Rs 37,400, resulting in a total of Rs 1,68,300. It's important to note that duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Pillaiyar Koil Street, Ponni Nagar?

The Sub Registrar Office that covers Pillaiyar Koil Street, Ponni Nagar is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor during the registration of property transactions in Pammal. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when buying or selling property in the area.

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

Frequently asked questions

What is the current guideline value of Pillaiyar Koil Street, Ponni Nagar?

The current guideline value of Pillaiyar Koil Street, Ponni Nagar is Rs 1,870 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,139 per sq.ft in 2017 to Rs 1,700 per sq.ft in 2023, and then to Rs 1,870 per sq.ft in 2024, indicating an overall increase of 64% from 2017 to 2024.

What are the other streets in Pammal with guideline values?

Other streets in Pammal include Pillaiyar Koil Street. H.L. Colony at Rs 2,530 per sq.ft, Pillaiyar Koil Street, Gandhi Nagar Extn at Rs 2,475 per sq.ft, and Pillayar Koil Street, Dr.Ambedhar Nagar at Rs 1,980 per sq.ft, among others.

What is the stamp duty rate in Tamil Nadu?

The stamp duty rate in Tamil Nadu is 7% of the guideline value or the sale price, whichever is higher. Additionally, there is a registration fee of 2% that applies to property transactions.

Where can I find more information about the Pammal Sub Registrar Office?

Information about the Pammal Sub Registrar Office can be found at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075. You can also visit the official website to find your SRO.