Guideline Value for Ponneri High Road

Ponneri High Road guideline value

The current guideline value of Ponneri High Road is Rs 1,004 per sq.ft, effective from 1 July 2024. This street is located in Elanthancherry village under the Redhills SRO, classified as Industries Type - I.

How the guideline value of Ponneri High Road has changed

The guideline value for Ponneri High Road has seen several revisions over the years. The earliest recorded figure is from 2003, where it was Rs 40 per sq.ft. This increased significantly to Rs 500 per sq.ft in 2007, marking a rise of 1150%. In 2012, the value remained at Rs 800 per sq.ft, before dropping to Rs 536 per sq.ft in 2017, a decrease of 33%. The 2023 revision saw the value rise to Rs 800 per sq.ft, and the latest 2024 revision has set it at Rs 1,004 per sq.ft, reflecting a 26% increase from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 2410%. The register does not contain figures for the year 2002 for this street.

Guideline values in Elanthancherry

In Elanthancherry, four streets have a guideline value for 2024 ranging from Rs 1,000 to Rs 1,004 per sq.ft. Ponneri High Road's 2024 figure of Rs 1,004 is above the median value of Rs 1,002 per sq.ft for the village.

• Perumal Koil Street: Rs 1,000 per sq.ft (2024)
• Puzhal Road: Rs 1,004 per sq.ft (2024)
• Myalamman Koil Street: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Ponneri High Road

For a 1,000 sq.ft plot at the current guideline value of Rs 1,004 per sq.ft, the total guideline value would be Rs 10,04,000. The stamp duty at 7% would amount to Rs 70,280, and the registration fee at 2% would be Rs 20,080, bringing the total fees together to Rs 90,360. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ponneri High Road?

The Sub Registrar Office that covers Ponneri High Road is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Elanthancherry. It determines the minimum value at which the property can be registered, ensuring that the transaction is recorded at a fair value as per the local regulations.

When a property is sold, the guideline value serves as a benchmark for calculating the stamp duty and registration fees. Buyers must ensure that the sale price is either equal to or higher than the guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Ponneri High Road?

The current guideline value of Ponneri High Road is Rs 1,004 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed from 2003 to 2024?

From 2003 to 2024, the guideline value of Ponneri High Road has increased by 2410%, rising from Rs 40 per sq.ft to Rs 1,004 per sq.ft.

What are the other streets in Elanthancherry with guideline values?

Other streets in Elanthancherry with guideline values for 2024 include Perumal Koil Street at Rs 1,000 per sq.ft, Puzhal Road at Rs 1,004 per sq.ft, and Myalamman Koil Street at Rs 1,000 per sq.ft.

What is the stamp duty rate for property in Ponneri High Road?

The stamp duty rate for property in Ponneri High Road is 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Ponneri High Road located?

The Sub Registrar Office for Ponneri High Road is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.