Guideline Value for Poniyamman Koil Street

Poniyamman Koil Street guideline value

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

How the guideline value of Poniyamman Koil Street has changed

The guideline value for Poniyamman Koil Street has undergone several revisions over the years. Starting from the 2007 revision, the value was Rs 250 per sq.ft, which increased significantly to Rs 600 per sq.ft in 2012, marking a rise of 140%. However, in the 2017 revision, the value decreased to Rs 402 per sq.ft, a decline of 33%. The value then rose again to Rs 600 per sq.ft in 2023, and most recently, it reached Rs 650 per sq.ft in the 2024 revision, an increase of 8%.

There are no figures available for the years 2002 and 2003 in the register for Poniyamman Koil Street. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 160%.

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. The median guideline value is Rs 650 per sq.ft, which matches the current value of Poniyamman Koil Street.

• Poniyamman Koil Street/santhu: 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

For a 1,000 sq.ft plot at the current guideline value of Rs 650 per sq.ft, the total guideline value would be 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, making the total fees Rs 58,500. 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?

The Sub Registrar Office that covers Poniyamman Koil Street 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 an important factor when registering property transactions in Moonramkattalai. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, the guideline value helps determine the minimum value at which the property can be registered. This ensures transparency and fairness in property transactions within the region.

Frequently asked questions

What is the current guideline value of Poniyamman Koil Street?

The current guideline value of Poniyamman Koil Street 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, showing an overall 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, Ondicherry (Ondi Colony) at Rs 1,000 per sq.ft, Ramamoorthy Avenue at Rs 2,750 per sq.ft, and R.M.P. Nagar at Rs 1,800 per sq.ft.

What is the stamp duty rate for property transactions?

The stamp duty rate for property transactions in Tamil Nadu is typically 7% of the guideline value or the sale price, whichever is higher.

Where can I find my Sub Registrar Office?

You can find your Sub Registrar Office by visiting the Kunrathur Sub Registrar Office at No.59, Road Street, Kundrathur, Chennai -600 069 or using the provided link to find your SRO.