Guideline Value for Ponjothi Garden

Ponjothi Garden guideline value

The current guideline value of Ponjothi Garden in Podavoor village is Rs 500 per sq.ft, effective from 1 July 2024. This area falls under the Sunguvarchattram SRO and is classified as Commercial Class I Type - I.

How the guideline value of Ponjothi Garden has changed

The guideline value for Ponjothi Garden has seen several revisions over the years. In 2012, the value was Rs 500 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 335 per sq.ft. This was a decrease of 33%. However, from 2017 to 2023, the value increased by 49%, bringing it back to Rs 500 per sq.ft. The 2024 revision maintains this figure, showing no change from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has remained constant at Rs 500 per sq.ft.

Guideline values in Podavoor

In Podavoor, there are 20 streets under the Sunguvarchattram SRO that have a 2024 guideline value ranging from Rs 181 to Rs 600 per sq.ft, with a median value of Rs 250 per sq.ft. Ponjothi Garden's 2024 figure of Rs 500 per sq.ft is above this median.

• Padavattamman Kovil Street: Rs 300 per sq.ft (2024)
• Padasalai Street: Rs 300 per sq.ft (2024)
• New Colony: Rs 181 per sq.ft (2024)
• Mantheivelli Street: Rs 305 per sq.ft (2024)
• SriDevi Green Farms: Rs 200 per sq.ft (2024)
• SriDevi Teak Garden: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Ponjothi Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 500 per sq.ft, the total guideline value amounts to Rs 5,00,000. The stamp duty at 7% would be Rs 35,000, and the registration fee at 2% would be Rs 10,000, totaling Rs 45,000. 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 Ponjothi Garden?

The Sub Registrar Office that covers Ponjothi Garden is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property in Podavoor. It is used to determine the stamp duty and registration fees that must be paid during the transaction process. Buyers and sellers should be aware that the guideline value can influence the overall costs associated with property transactions.

When a property is sold, the guideline value serves as a benchmark for the minimum value at which the property can be registered. This ensures that the government receives appropriate revenue from property transactions, based on the established guideline values.

Frequently asked questions

What is the current guideline value of Ponjothi Garden?

The current guideline value of Ponjothi Garden is Rs 500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, with a peak of Rs 500 per sq.ft in 2012, a drop to Rs 335 per sq.ft in 2017, and then returning to Rs 500 per sq.ft in 2023 and 2024.

What is the classification of land in Ponjothi Garden?

Ponjothi Garden is classified as Commercial Class I Type - I, which indicates its intended use and regulatory framework.

What are the stamp duty and registration fees for properties in Ponjothi Garden?

The stamp duty is 7% and the registration fee is 2% of the guideline value or sale price, whichever is higher. For example, a 1,000 sq.ft plot would incur a total of Rs 45,000 in fees.

Where can I find the Sub Registrar Office for Ponjothi Garden?

The Sub Registrar Office for Ponjothi Garden is located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.