Guideline Value for Ponneri Salai

Ponneri Salai guideline value

The current guideline value of Ponneri Salai is Rs 400 per sq.ft, effective from 1 July 2024. This street is located in Panchetty village under the Redhills SRO, classified as Residential Class II Type - I.

How the guideline value of Ponneri Salai has changed

Looking at the revisions, the guideline value for Ponneri Salai has seen several changes over the years. The 2007 revision set the value at Rs 200 per sq.ft, which increased to Rs 400 per sq.ft in the 2012 revision. However, it then decreased to Rs 268 per sq.ft in 2017. The 2023 revision maintained the value at Rs 400 per sq.ft, and the same value continues into the 2024 revision.

From 2017 to 2023, there was a significant increase of 49%. The overall change from 2007 to 2024 is an increase of 100%. It is important to note that the register has no figures for the years 2002 and 2003 for this street.

Guideline values in Panchetty

Panchetty village has 46 streets under the Redhills SRO with a 2024 guideline value ranging from Rs 300 to Rs 1,600 per sq.ft. The median value for these streets is Rs 1,000 per sq.ft, placing Ponneri Salai's 2024 figure below that median.

• Ponniamman Koil Street: Rs 400 per sq.ft (2024)
• Pillaiyar Koil Street: Rs 400 per sq.ft (2024)
• Perumal Koil Street: Rs 1,000 per sq.ft (2024)
• R.K Avenue: Rs 300 per sq.ft (2024)
• Neudvarambakkam Salai: Rs 1,000 per sq.ft (2024)
• Nehru Street: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Ponneri Salai

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value amounts to Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, totaling Rs 36,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ponneri Salai?

The Sub Registrar Office that covers Ponneri Salai 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 Panchetty

The guideline value is a crucial factor in the registration process when buying or selling property in Panchetty. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

When a property is sold, the guideline value is used to determine the minimum value on which stamp duty is calculated. This means that even if the sale price is lower than the guideline value, the stamp duty will be based on the guideline value instead.

Frequently asked questions

What is the current guideline value of Ponneri Salai?

The current guideline value of Ponneri Salai is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, with the most recent revision in 2024 maintaining the value at Rs 400 per sq.ft. The value increased from Rs 268 per sq.ft in 2017 to Rs 400 per sq.ft in 2023.

What are the guideline values of other streets in Panchetty?

Other streets in Panchetty have varying guideline values, ranging from Rs 300 to Rs 1,600 per sq.ft. For example, Ponniamman Koil Street and Pillaiyar Koil Street both have a guideline value of Rs 400 per sq.ft in 2024.

How is stamp duty calculated in Ponneri Salai?

Stamp duty in Ponneri Salai is calculated based on the higher of the guideline value or the sale price. For instance, for a property valued at Rs 4,00,000, the stamp duty would be 7% of that amount.

Where can I find the Sub Registrar Office for Ponneri Salai?

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