Guideline Value for Ponmar Enclave

Ponmar Enclave guideline value

The current guideline value of Ponmar Enclave is Rs 1,800 per sq.ft, as per the 2023 revision. This street is located in Ponmar village and falls under the Gooduvancheri SRO. The land classification for this area is Mixed Special Type - I.

How the guideline value of Ponmar Enclave has changed

The guideline value for Ponmar Enclave has seen several revisions over the years. In the 2012 revision, the value was set at Rs 1,800 per sq.ft. This remained unchanged until the 2017 revision, where it decreased to Rs 1,206 per sq.ft. However, in the 2023 revision, the guideline value increased to Rs 1,800 per sq.ft again.

When analyzing the changes, the guideline value increased by 49% from 2017 to 2023. Conversely, there was a decrease of 33% from 2012 to 2017. Overall, from 2012 to 2023, the guideline value has remained the same at Rs 1,800 per sq.ft.

Guideline values in Ponmar

While there are no specific village figures provided, Ponmar Enclave's guideline value is Rs 1,800 per sq.ft. Unfortunately, there are no other streets in Ponmar listed under the Gooduvancheri SRO.

Stamp duty and registration fee for property in Ponmar Enclave

For a 1,000 sq.ft plot at the current rate of Rs 1,800 per sq.ft, the guideline value would be Rs 18,00,000. The stamp duty at 7% would amount to Rs 1,26,000, and the registration fee at 2% would be Rs 36,000. Together, this totals Rs 1,62,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ponmar Enclave?

The Sub Registrar Office that covers Ponmar Enclave is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. To find more information, you can find your SRO.

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

The guideline value is a crucial factor when buying or selling property in Ponmar Enclave. It determines the amount of stamp duty and registration fees that need to be paid during the registration process. Buyers and sellers must consider this value to ensure compliance with local regulations.

During the registration, the guideline value serves as a benchmark for the transaction. If the sale price is higher than the guideline value, the stamp duty is calculated based on the sale price. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Ponmar Enclave?

The current guideline value of Ponmar Enclave is Rs 1,800 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,800 per sq.ft in 2012 to Rs 1,206 per sq.ft in 2017, and then back to Rs 1,800 per sq.ft in 2023.

What is the land classification for Ponmar Enclave?

The land classification for Ponmar Enclave is Mixed Special Type - I.

Where is the Gooduvancheri Sub Registrar Office located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

How is stamp duty calculated for property in Ponmar Enclave?

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 18,00,000, the stamp duty at 7% would be Rs 1,26,000.