Guideline Value

Corporate

Guideline Value for Pon Nagar 2nd Main Road

₹1700/sq.ft.

The guideline value for Pon Nagar 2nd Main Road in Chembakkam village (Selaiyur SRO, Chengalpattu zone) is Rs 1700 per sq.ft, effective 1 July 2024. It was Rs 1600 per sq.ft from 1 April 2023, a 6% change. The land classification is Residential Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Chembakkam

Village

Selaiyur

SRO

Residential Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹1700 /sq.ft.
From 1-4-2023 ₹1600 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1072 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1600 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹750 /sq.ft.
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.36,bharathmatha Salai(opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur,chennai - 600 073.
044-22391102
[email protected]

DRO (District Registrar Office)

Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
null
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Pon Nagar 2nd Main Road

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Pon Nagar 2nd Main Road guideline value

The current guideline value of Pon Nagar 2nd Main Road is Rs 1,700 per sq.ft, effective from 1 July 2024. This road is located in Chembakkam village, under the Selaiyur SRO, and is classified as Residential Class I Type - II.

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

The guideline value for Pon Nagar 2nd Main Road has undergone several revisions over the years. In the 2007 revision, the value was Rs 750 per sq.ft, which increased significantly to Rs 1,600 per sq.ft in the 2012 revision. However, in the 2017 revision, the value decreased to Rs 1,072 per sq.ft. The 2023 revision saw a rise to Rs 1,600 per sq.ft, and the latest 2024 revision has set it at Rs 1,700 per sq.ft.

From the 2017 to 2023 revision, there was a notable increase of 49%. The transition from 2023 to 2024 reflects a 6% increase. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 127%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Chembakkam

In Chembakkam, there are 472 streets under the Selaiyur SRO with a 2024 guideline value ranging from Rs 850 to Rs 6,700 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, positioning Pon Nagar 2nd Main Road's 2024 figure below this median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,700 per sq.ft, the total guideline value would be Rs 17,00,000. The stamp duty at 7% would amount to Rs 1,19,000, and the registration fee at 2% would be Rs 34,000, bringing the total to Rs 1,53,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Pon Nagar 2nd Main Road?

The Sub Registrar Office covering Pon Nagar 2nd Main Road is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during property registration in Chembakkam. It serves as a benchmark for determining the minimum value at which a property can be registered. When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees.

It is essential for buyers and sellers to be aware of the guideline value as it impacts the total cost of the transaction. Ensuring that the sale price meets or exceeds the guideline value is necessary to avoid any legal complications during the registration process.

Frequently asked questions

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

The current guideline value of Pon Nagar 2nd Main Road is Rs 1,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 750 per sq.ft in 2007 to Rs 1,700 per sq.ft in 2024, reflecting an overall increase of 127% over the years.

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

Pon Nagar 2nd Main Road is classified as Residential Class I Type - II.

Where can I find the Sub Registrar Office for Pon Nagar 2nd Main Road?

The Sub Registrar Office for Pon Nagar 2nd Main Road is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai, East Tambaram, Chennai - 600 073.

How is stamp duty calculated for properties in Chembakkam?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 17,00,000, the stamp duty would be Rs 1,19,000 at a rate of 7%.