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Guideline Value

Corporate

Guideline Value for Ponni Ammal Kovil Street

₹6600/sq.ft.

The guideline value for Ponni Ammal Kovil Street in Adayar village (Adayar SRO, Chennai zone) is Rs 6600 per sq.ft, effective 1 July 2024. It was Rs 6000 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:

Chennai

Zone

Adayar

Village

Adayar

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹6600 /sq.ft.
From 1-4-2023 ₹6000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹4020 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹6000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹4250 /sq.ft.
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)

No.161(71/6), L.b Road (dr.muthulakshmi Salai) Tnhb Building,third Floor,thiruvanmiyur,chennai-600041
044-24415011
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[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 Ponni Ammal Kovil Street

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Ponni Ammal Kovil Street guideline value

The current guideline value of Ponni Ammal Kovil Street is Rs 6,600 per sq.ft, effective from 1 July 2024. This street is located in Adayar village, under the Adayar SRO, and is classified as Residential Class I Type - I.

How the guideline value of Ponni Ammal Kovil Street has changed

The guideline value for Ponni Ammal Kovil Street has seen several revisions over the years. The earliest recorded figure is from 2007, where the value was Rs 4,250 per sq.ft. This increased to Rs 6,000 per sq.ft in 2012, marking a 41% rise. However, it then dropped to Rs 4,020 per sq.ft in 2017, a decrease of 33%. Following this, the value surged to Rs 6,000 per sq.ft in 2023, reflecting a significant increase of 49%. The most recent revision in 2024 has set the guideline value at Rs 6,600 per sq.ft, representing a 10% increase from the previous year.

It is important to note that there are no figures available for the years 2002 and 2003 for Ponni Ammal Kovil Street. Overall, from 2007 to 2024, there has been a 55% increase in the guideline value.

Guideline values in Adayar

In Adayar, there are 92 streets under the Adayar SRO that carry a 2024 guideline value ranging from Rs 3,300 to Rs 15,400 per sq.ft. The median guideline value in this area is Rs 6,100 per sq.ft, placing Ponni Ammal Kovil Street's 2024 figure above this median.

Stamp duty and registration fee for property in Ponni Ammal Kovil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 6,600 per sq.ft, the total guideline value amounts to Rs 66,00,000. The stamp duty at 7% would be Rs 4,62,000, and the registration fee at 2% would be Rs 1,32,000, resulting in a total of Rs 5,94,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ponni Ammal Kovil Street?

The Sub Registrar Office that covers Ponni Ammal Kovil Street is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. You can find your SRO for more details.

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

The guideline value is a crucial factor during the registration process when buying or selling property in Adayar. It determines the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When a property is sold, the buyer and seller must consider the guideline value in relation to the sale price. The higher of the two figures is used to calculate the applicable stamp duty and registration fees.

Frequently asked questions

What is the current guideline value of Ponni Ammal Kovil Street?

The current guideline value of Ponni Ammal Kovil Street is Rs 6,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 4,250 per sq.ft in 2007 to Rs 6,600 per sq.ft in 2024, showing an overall increase of 55% over the years.

What is the registration office for Ponni Ammal Kovil Street?

The registration office for Ponni Ammal Kovil Street is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.

What are the stamp duty and registration fees for property in this area?

The stamp duty is calculated at 7% of the guideline value, while the registration fee is 2%. For example, a 1,000 sq.ft plot at the current rate would incur a total fee of Rs 5,94,000.

What is the land classification for Ponni Ammal Kovil Street?

Ponni Ammal Kovil Street is classified as Residential Class I Type - I, indicating its designation for residential use within the Adayar area.