Guideline Value for Poniammankoil Street

Poniammankoil Street guideline value

The current guideline value of Poniammankoil Street in Kovilpathagai village is Rs 805 per sq.ft, effective from 1 July 2024. This street falls under the Ambattur SRO and is classified as Residential Class II Type - II.

How the guideline value of Poniammankoil Street has changed

The guideline value for Poniammankoil Street has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 805 per sq.ft, which is the same as the 2023 revision. The previous revisions show a significant increase, with the value rising from Rs 469 per sq.ft in 2017 to Rs 805 per sq.ft in 2023, marking a 72% increase. The 2012 revision recorded a value of Rs 700 per sq.ft, which was a decrease of 33% from the 2017 figure.

There are no figures available for the revisions in 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has increased by 15%.

Guideline values in Kovilpathagai

Kovilpathagai village has a total of 278 streets under the Ambattur SRO, with guideline values ranging from Rs 803 to Rs 2,900 per sq.ft. The median guideline value for these streets is Rs 870 per sq.ft, placing Poniammankoil Street's 2024 figure below this median.

• Pompozhil Nager Yamunai Street: Rs 1,100 per sq.ft (2024)
• Pompozhil Nager Vaigai Street: Rs 1,100 per sq.ft (2024)
• Pompozhil Nager Vadamallai Street: Rs 1,100 per sq.ft (2024)
• Pompozhil Nager Thamarai Street: Rs 1,100 per sq.ft (2024)
• Pompozhil Nager Thalambu Street: Rs 1,100 per sq.ft (2024)
• Pompozhil Nager Suriyagandhi Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Poniammankoil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 805 per sq.ft, the total guideline value amounts to Rs 8,05,000. The stamp duty, charged at 7%, would be Rs 56,350, while the registration fee at 2% would be Rs 16,100. Together, the total cost for these fees would be Rs 72,450. It is important to note that the 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 Poniammankoil Street?

Poniammankoil Street is covered by the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor during property registration in Kovilpathagai. It determines the minimum value at which a property can be registered and is used to calculate the stamp duty and registration fees. Buyers and sellers must be aware of this value to ensure compliance with local regulations.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used for calculating the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Poniammankoil Street?

The current guideline value of Poniammankoil Street is Rs 805 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, with a notable increase from Rs 469 per sq.ft in 2017 to Rs 805 per sq.ft in 2023. Overall, from 2012 to 2024, the value has increased by 15%.

What are the stamp duty and registration fees for property in Poniammankoil Street?

For a 1,000 sq.ft plot, the total guideline value is Rs 8,05,000. The stamp duty would be Rs 56,350 and the registration fee would be Rs 16,100, making the total fees Rs 72,450.

Which office handles registrations for Poniammankoil Street?

The Ambattur Sub Registrar Office handles registrations for Poniammankoil Street, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

What is the land classification of Poniammankoil Street?

Poniammankoil Street is classified as Residential Class II Type - II, indicating its suitability for residential development.