Guideline Value for Ponnappillai Street

Ponnappillai Street guideline value

The current guideline value of Ponnappillai Street in Kovilpathagai village, under the Ambattur SRO, is Rs 880 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class II Type - I land classification.

How the guideline value of Ponnappillai Street has changed

The guideline value for Ponnappillai Street has undergone several revisions over the years. The 2012 revision set the value at Rs 800 per sq.ft, which was then reduced to Rs 536 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 800 per sq.ft in the 2023 revision, and finally, it rose to Rs 880 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From the 2017 revision to the 2023 revision, the value increased by 49%. Overall, from the 2012 revision to the 2024 revision, there has been a 10% increase. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kovilpathagai

Kovilpathagai village has a total of 278 streets under the Ambattur SRO, with guideline values ranging from Rs 803 to Rs 2,900 per sq.ft. The median guideline value in this area is Rs 870 per sq.ft, making Ponnappillai Street's 2024 figure of Rs 880 per sq.ft above the median.

• Ponnapillai Nagar: Rs 1,200 per sq.ft (2024)
• Poniammankoil Street: Rs 805 per sq.ft (2024)
• Pompozhil Nager Yamunai Street: Rs 1,100 per sq.ft (2024)
• Pompozhil Nager Vaigai Street: Rs 1,100 per sq.ft (2024)
• Pompozhil Nager Vadamallai Street: Rs 1,100 per sq.ft (2024)
• Pompozhil Nager Thamarai Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Ponnappillai Street

For a 1,000 sq.ft plot at the current guideline value of Rs 880 per sq.ft, the total guideline value would be Rs 8,80,000. The stamp duty at 7% would amount to Rs 61,600, while the registration fee at 2% would be Rs 17,600, bringing the total charges to Rs 79,200. 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 detailed calculations.

Which Sub Registrar Office covers Ponnappillai Street?

The Sub Registrar Office that covers Ponnappillai Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Kovilpathagai. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these charges are based on a standardized valuation.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to determine the applicable fees. This process helps maintain transparency and consistency in property transactions.

Frequently asked questions

What is the current guideline value of Ponnappillai Street?

The current guideline value of Ponnappillai Street is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2012 to Rs 536 per sq.ft in 2017, then to Rs 800 per sq.ft in 2023, and finally to Rs 880 per sq.ft in 2024.

What are the stamp duty and registration fees for Ponnappillai Street?

For a 1,000 sq.ft plot, the total guideline value is Rs 8,80,000. The stamp duty at 7% is Rs 61,600, and the registration fee at 2% is Rs 17,600, totaling Rs 79,200.

Where is the Sub Registrar Office for Ponnappillai Street located?

The Ambattur Sub Registrar Office is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

What is the land classification for Ponnappillai Street?

Ponnappillai Street falls under the Residential Class II Type - I land classification.