Guideline Value for Ponds Colony

Ponds Colony guideline value

The current guideline value of Ponds Colony in Irumpuliyur village is Rs 2,200 per sq.ft, as per the 2024 revision effective from 1 July 2024. This area falls under the Tambaram Joint 1 SRO and is classified as Residential Special Type - II.

How the guideline value of Ponds Colony has changed

The guideline value for Ponds Colony has seen several revisions over the years. In 2007, the value was Rs 500 per sq.ft, which increased significantly to Rs 2,000 per sq.ft in 2012, marking a 300% rise. However, this value dropped to Rs 1,340 per sq.ft in 2017, a decrease of 33%. The value then rose again to Rs 2,000 per sq.ft in 2023, and most recently, it has increased to Rs 2,200 per sq.ft in 2024, reflecting a 10% increase.

There are no recorded figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 340%.

Guideline values in Irumpuliyur

In Irumpuliyur, there are 218 streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value ranging from Rs 880 to Rs 6,600 per sq.ft. The median value is Rs 2,200 per sq.ft, which aligns with the current guideline value of Ponds Colony.

• Ponnan Nagar: Rs 3,300 per sq.ft (2024)
• Ponnan Street: Rs 1,650 per sq.ft (2024)
• Pilliyar Koil Street: Rs 3,300 per sq.ft (2024)
• Perumal Koil Street: Rs 3,300 per sq.ft (2024)
• Periyar Nagar Main Road: Rs 3,300 per sq.ft (2024)
• Periyar Nagar (Cross Street): Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Ponds Colony

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the guideline value totals Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, making the total Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ponds Colony?

Ponds Colony is covered by the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, 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 Irumpuliyur

The guideline value is a crucial factor in the registration process when buying or selling property in Irumpuliyur. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are aligned with the current market conditions.

Frequently asked questions

What is the current guideline value of Ponds Colony?

The current guideline value of Ponds Colony is Rs 2,200 per sq.ft as per the 2024 revision, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 500 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2024, marking an overall increase of 340% over the years.

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

Other streets in Irumpuliyur include Ponnan Nagar at Rs 3,300 per sq.ft, Ponnan Street at Rs 1,650 per sq.ft, and several others at varying rates, with the median being Rs 2,200 per sq.ft.

What is the stamp duty rate for properties in Ponds Colony?

The stamp duty rate for properties in Ponds Colony is 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Ponds Colony located?

The Sub Registrar Office for Ponds Colony is located at No.26, Mes Road, East Tambaram, Chennai-600059, under the Chengalpattu registration zone.