Guideline Value

Corporate

Guideline Value for Ponga Nagar(Nehru Nagar)

₹1100/sq.ft.

The guideline value for Ponga Nagar(nehru Nagar) in Kathivakkam village (Thiruvottiyur SRO, Chennai zone) is Rs 1100 per sq.ft, effective 1 July 2024. It was Rs 1000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Kathivakkam

Village

Thiruvottiyur

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹1100 /sq.ft.
From 1-4-2023 ₹1000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹670 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹300 /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)

21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019
044-25992232
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[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 Ponga Nagar(nehru Nagar)

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Ponga Nagar(Nehru Nagar) guideline value

The current guideline value of Ponga Nagar(Nehru Nagar) is Rs 1,100 per sq.ft, effective from 1 July 2024. This area is located in Kathivakkam village and falls under the Thiruvottiyur SRO. The land classification for this street is Residential Special Type - I.

How the guideline value of Ponga Nagar(Nehru Nagar) has changed

The guideline value for Ponga Nagar(Nehru Nagar) has seen several revisions over the years. In 2007, the guideline value was Rs 300 per sq.ft, which increased to Rs 1,000 per sq.ft in 2012. However, it decreased to Rs 670 per sq.ft in 2017. The most recent revisions show an increase to Rs 1,000 per sq.ft in 2023 and further to Rs 1,100 per sq.ft in 2024, marking a 10% increase from the previous year.

Between the revisions, the most significant change occurred from 2007 to 2012, with a remarkable increase of 233%. From 2017 to 2023, there was a 49% increase. Overall, from 2007 to 2024, the guideline value has increased by 267%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Kathivakkam

In Kathivakkam, there are 47 streets under the Thiruvottiyur SRO that carry a 2024 guideline value, ranging from Rs 1,000 to Rs 1,600 per sq.ft. The median guideline value in this area is Rs 1,001 per sq.ft, making Ponga Nagar(Nehru Nagar) above that median.

Stamp duty and registration fee for property in Ponga Nagar(Nehru Nagar)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. Please note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ponga Nagar(Nehru Nagar)?

The Sub Registrar Office that covers Ponga Nagar(Nehru Nagar) is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more information.

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

The guideline value is an essential factor during the registration of property transactions in Kathivakkam. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when a property is bought or sold.

When registering a property, the guideline value is compared with the sale price, and duty is charged on the higher amount. This ensures that the registration fees reflect the actual value of the property being transacted.

Frequently asked questions

What is the current guideline value of Ponga Nagar(Nehru Nagar)?

The current guideline value of Ponga Nagar(Nehru Nagar) is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has undergone several revisions, increasing from Rs 300 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024. Notably, it saw a significant increase of 233% from 2007 to 2012.

What is the land classification of Ponga Nagar(Nehru Nagar)?

Ponga Nagar(Nehru Nagar) is classified as Residential Special Type - I, which indicates its intended use for residential purposes.

Where can I find the Sub Registrar Office for Ponga Nagar(Nehru Nagar)?

The Thiruvottiyur Sub Registrar Office, which covers Ponga Nagar(Nehru Nagar), is located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

How is stamp duty calculated for properties in Kathivakkam?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, if the guideline value is Rs 11,00,000, the stamp duty at 7% would be Rs 77,000.