Guideline Value for Ponni Amman Koil Street,Nethaji Nagar

Ponni Amman Koil Street,Nethaji Nagar guideline value

The current guideline value of Ponni Amman Koil Street,Nethaji Nagar is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in the village of Madipakkam-1 under the Velacheri SRO, classified as Residential Class II Type - I.

How the guideline value of Ponni Amman Koil Street,Nethaji Nagar has changed

The guideline value for Ponni Amman Koil Street,Nethaji Nagar has undergone several revisions over the years. The register does not provide figures for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was set at Rs 2,000 per sq.ft, and in the 2024 revision, it increased to Rs 2,200 per sq.ft, reflecting a change of +10%.

As of the 2024 revision, the current guideline value stands at Rs 2,200 per sq.ft. This marks an increase from the previous year's figure of Rs 2,000 per sq.ft, indicating a notable adjustment in the valuation for this street.

Guideline values in Madipakkam-1

In Madipakkam-1, there are 1823 streets under the Velacheri SRO, with guideline values ranging from Rs 1,650 to Rs 5,500 per sq.ft. The median guideline value in this area is Rs 2,750 per sq.ft, placing Ponni Amman Koil Street,Nethaji Nagar's 2024 figure below that median.

• Ponni Amman Koil Street,Nethaji Street: Rs 2,200 per sq.ft (2024)
• Ponniamman Koil Street: Rs 2,200 per sq.ft (2024)
• Ponniamman Nagar: Rs 2,200 per sq.ft (2024)
• Ponniamman Koil East Cross Street: Rs 2,200 per sq.ft (2024)
• Ponniamman Koil Cross Street West: Rs 2,200 per sq.ft (2024)
• Ponniamman koil 2nd Cross Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Ponni Amman Koil Street,Nethaji Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total cost to Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ponni Amman Koil Street,Nethaji Nagar?

The Sub Registrar Office covering Ponni Amman Koil Street,Nethaji Nagar is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Madipakkam-1

The guideline value is a crucial factor in the registration process when buying or selling property in Madipakkam-1. It serves as the basis for calculating stamp duty and registration fees, ensuring that the government receives its due revenue from property transactions.

When a property is registered, the guideline value is compared to the sale price, and the higher amount is used to determine the applicable duties. This ensures that the transaction is recorded accurately and in compliance with local regulations.

Frequently asked questions

What is the current guideline value of Ponni Amman Koil Street,Nethaji Nagar?

The current guideline value of Ponni Amman Koil Street,Nethaji Nagar is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen an increase from Rs 2,000 per sq.ft in 2023 to Rs 2,200 per sq.ft in 2024, reflecting a change of +10%. The register does not provide figures for the years 2002, 2003, 2007, 2012, and 2017.

What is the median guideline value in Madipakkam-1?

The median guideline value in Madipakkam-1 is Rs 2,750 per sq.ft. Ponni Amman Koil Street,Nethaji Nagar's 2024 figure is below this median.

What are the stamp duty and registration fees for property in Ponni Amman Koil Street,Nethaji Nagar?

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 and the registration fee would be Rs 44,000, totaling Rs 1,98,000. Duty is charged on the higher of the guideline value and the sale price.

Where is the Sub Registrar Office for Ponni Amman Koil Street,Nethaji Nagar located?

The Velacheri Sub Registrar Office is located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. This office handles registrations for properties in this area.