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Guideline Value for Ponnankinaru Street (M.t.h To Bajanai Koil Street)

₹2750/sq.ft.effective 1 July 2024

Chennai zone Malligaicherry village Konnur SRO Residential Class I Type - I

The guideline value for Ponnankinaru Street (m.t.h To Bajanai Koil Street) in Malligaicherry village (Konnur SRO, Chennai zone) is Rs 2750 per sq.ft, effective 1 July 2024. It was Rs 2500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

History
Period Guideline Value
From 1-7-2024 ₹2750 /sq.ft.
From 1-4-2023 ₹2500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1675 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2500 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Sub Register Office , Villivakkam Panchat,union Office Complex ,dunlop Bus Stop ,ambattur ,chennai
044-26173020
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Ponnankinaru Street (m.t.h To Bajanai Koil Street)

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Ponnankinaru Street (M.T.H to Bajanai Koil Street) guideline value

The current guideline value for Ponnankinaru Street (M.T.H to Bajanai Koil Street) is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Malligaicherry village under the Konnur SRO, classified as Residential Class I Type - I.

How the guideline value of Ponnankinaru Street (M.T.H to Bajanai Koil Street) has changed

The guideline value has undergone several revisions over the years. In 2012, the value was Rs 2,500 per sq.ft, which decreased to Rs 1,675 per sq.ft in 2017, marking a drop of 33%. However, from 2017 to 2023, the value rose significantly to Rs 2,500 per sq.ft, reflecting an increase of 49%. The most recent revision in 2024 set the value at Rs 2,750 per sq.ft, an increase of 10% from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has seen an increase of 10%.

Guideline values in Malligaicherry

In Malligaicherry, there are 49 streets under the Konnur SRO with a 2024 guideline value ranging from Rs 2,200 to Rs 6,000 per sq.ft. The median value for these streets is Rs 2,400 per sq.ft, placing Ponnankinaru Street's 2024 figure above the median.

Stamp duty and registration fee for property in Ponnankinaru Street (M.T.H to Bajanai Koil Street)

For a 1,000 sq.ft plot at the current rate of Rs 2,750 per sq.ft, the guideline value amounts to Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, totaling Rs 2,47,500. 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 Ponnankinaru Street (M.T.H to Bajanai Koil Street)?

The Sub Registrar Office that covers Ponnankinaru Street is the Konnur Sub Registrar Office, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor when registering property transactions in Malligaicherry. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling a property, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This process helps maintain transparency and fairness in property transactions.

Frequently asked questions

What is the current guideline value of Ponnankinaru Street?

The current guideline value of Ponnankinaru Street (M.T.H to Bajanai Koil Street) is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Over the years, the guideline value has changed from Rs 2,500 per sq.ft in 2012 to Rs 1,675 per sq.ft in 2017, then back to Rs 2,500 per sq.ft in 2023, and finally to Rs 2,750 per sq.ft in 2024.

What is the classification of land in Ponnankinaru Street?

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

Where can I find the Sub Registrar Office for Ponnankinaru Street?

The Konnur Sub Registrar Office covers Ponnankinaru Street, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.

How is stamp duty calculated for properties in Malligaicherry?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 27,50,000 would incur a stamp duty of Rs 1,92,500 at 7%.