Guideline Value for Poniyamman Koil Street/santhu

Poniyamman Koil Street/santhu guideline value

The current guideline value for Poniyamman Koil Street/santhu is Rs 650 per sq.ft, effective from 1 July 2024. This street is located in Moonramkattalai village, under the Kunrathur SRO, and is classified as Residential Class I Type - I.

How the guideline value of Poniyamman Koil Street/santhu has changed

The guideline value for Poniyamman Koil Street/santhu has undergone several revisions over the years. In 2007, the value was Rs 250 per sq.ft, which increased to Rs 600 per sq.ft in 2012. However, there was a decrease in 2017, bringing the value down to Rs 402 per sq.ft. The value then rose significantly to Rs 600 per sq.ft in 2023, and currently stands at Rs 650 per sq.ft in the 2024 revision, marking an 8% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 160%. The revisions for the years 2002 and 2003 do not have any figures recorded for this street.

Guideline values in Moonramkattalai

In Moonramkattalai, there are 43 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 650 to Rs 2,750 per sq.ft, with a median value of Rs 650 per sq.ft. Poniyamman Koil Street/santhu's 2024 guideline value matches this median.

• Poniyamman Koil Street: Rs 650 per sq.ft (2024)
• Pooja Avenue Annex: Rs 2,750 per sq.ft (2024)
• Pillaiyar koil Street: Rs 650 per sq.ft (2024)
• Ondicherry (Ondi Colony): Rs 1,000 per sq.ft (2024)
• Ramamoorthy Avenue: Rs 2,750 per sq.ft (2024)
• R.M.P. Nagar: Rs 1,800 per sq.ft (2024)

Stamp duty and registration fee for property in Poniyamman Koil Street/santhu

For a 1,000 sq.ft plot at the current rate of Rs 650 per sq.ft, the guideline value amounts to Rs 6,50,000. The stamp duty at 7% would be Rs 45,500, and the registration fee at 2% would be Rs 13,000, totaling Rs 58,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Poniyamman Koil Street/santhu?

The Sub Registrar Office that covers Poniyamman Koil Street/santhu is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Moonramkattalai. It determines the minimum value at which the property can be registered, ensuring that the transaction is in line with the government’s valuation.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Poniyamman Koil Street/santhu?

The current guideline value of Poniyamman Koil Street/santhu is Rs 650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 250 per sq.ft in 2007 to Rs 650 per sq.ft in 2024, representing a total increase of 160% over the years.

What are the other streets in Moonramkattalai with their guideline values?

Other streets in Moonramkattalai include Pooja Avenue Annex at Rs 2,750 per sq.ft, Pillaiyar koil Street at Rs 650 per sq.ft, and R.M.P. Nagar at Rs 1,800 per sq.ft, among others.

Where can I find the Sub Registrar Office for Poniyamman Koil Street/santhu?

The Sub Registrar Office for Poniyamman Koil Street/santhu is located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is stamp duty calculated for properties in Moonramkattalai?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For Poniyamman Koil Street/santhu, the duty is 7% of the guideline value.