Guideline Value for Ponni Amman Koil Street,Nethaji Street

Ponni Amman Koil Street,Nethaji Street guideline value

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

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

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

The most recent revision in 2024 reflects an increase from the previous year's figure. The guideline values have been updated to reflect current market conditions, ensuring that the rates are aligned with other properties in the area.

Guideline values in Madipakkam-1

In Madipakkam-1, there are 1,823 streets under the Velacheri SRO that carry a 2024 guideline value ranging from Rs 1,650 to Rs 5,500 per sq.ft, with a median value of Rs 2,750 per sq.ft. Ponni Amman Koil Street,Nethaji Street's 2024 figure is below this median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total cost for these fees to Rs 1,98,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

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

The Sub Registrar Office that covers Ponni Amman Koil Street,Nethaji Street 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 information.

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

The guideline value is a critical 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 these costs are aligned with the official property rates.

When a property is sold, the guideline value helps determine the minimum value at which the property can be registered. This ensures transparency and fairness in property transactions within the region.

Frequently asked questions

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

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

How has the guideline value changed over the years?

The guideline value for Ponni Amman Koil Street,Nethaji Street was Rs 2,000 per sq.ft in 2023 and increased to Rs 2,200 per sq.ft in 2024, marking a change of +10%. There are no figures available for the revisions in 2002, 2003, 2007, 2012, and 2017.

What are the guideline values in Madipakkam-1?

The guideline values in Madipakkam-1 range from Rs 1,650 to Rs 5,500 per sq.ft, with a median value of Rs 2,750 per sq.ft. Ponni Amman Koil Street,Nethaji Street's 2024 figure is below this median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be 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.

Which office handles the registration for Ponni Amman Koil Street,Nethaji Street?

The Velacheri Sub Registrar Office handles the registration for Ponni Amman Koil Street,Nethaji Street, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.