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Guideline Value

Corporate

Guideline Value for Ponni Amman Koil Street

₹3190/sq.ft.

The guideline value for Ponni Amman Koil Street in Madanandapuram village (Kunrathur SRO, Chennai zone) is Rs 3190 per sq.ft, effective 1 July 2024. It was Rs 2900 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Madanandapuram

Village

Kunrathur

SRO

Residential Special Type - III
History
Period Guideline Value
From 1-7-2024 ₹3190 /sq.ft.
From 1-4-2023 ₹2900 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1943 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2900 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1208 /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.59. Road Street, Kundrathur, Chennai -600 069.
044-24780515
[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 Amman Koil Street

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Ponni Amman Koil Street guideline value

The current guideline value of Ponni Amman Koil Street is Rs 3,190 per sq.ft, effective from 1 July 2024. This street is located in Madanandapuram village, under the Kunrathur SRO, and is classified as Residential Special Type - III.

How the guideline value of Ponni Amman Koil Street has changed

The guideline value for Ponni Amman Koil Street has seen several revisions over the years. In the 2007 revision, the value was Rs 1,208 per sq.ft, which increased significantly to Rs 2,900 per sq.ft in 2012. However, this value decreased to Rs 1,943 per sq.ft in the 2017 revision before rising again to Rs 2,900 per sq.ft in 2023. The current guideline value of Rs 3,190 per sq.ft reflects a 10% increase from the 2023 figure.

From the 2017 revision to 2023, the value increased by 49%. Notably, the value saw a remarkable rise of 140% from 2007 to 2012, but then a decrease of 33% from 2012 to 2017. Overall, from 2007 to 2024, the guideline value has increased by 164%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Madanandapuram

In Madanandapuram, there are 94 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 2,530 to Rs 5,830 per sq.ft, with a median value of Rs 3,520 per sq.ft. Ponni Amman Koil Street's 2024 figure is below this median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 3,190 per sq.ft, the total guideline value amounts to Rs 31,90,000. The stamp duty at 7% would be Rs 2,23,300, and the registration fee at 2% would be Rs 63,800, bringing the total to Rs 2,87,100. Please note that duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ponni Amman Koil Street?

The Sub Registrar Office that covers Ponni Amman Koil Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Madanandapuram. It serves as a benchmark for determining the minimum value at which property can be registered. Buyers and sellers must consider this value when negotiating property prices to ensure compliance with registration norms.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees. This ensures that the government receives the appropriate revenue from property transactions, based on the established guideline values for different streets within the area.

Frequently asked questions

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

The current guideline value of Ponni Amman Koil Street is Rs 3,190 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,208 per sq.ft in 2007 to Rs 3,190 per sq.ft in 2024, reflecting an overall increase of 164% over this period.

What is the land classification for Ponni Amman Koil Street?

Ponni Amman Koil Street is classified as Residential Special Type - III under the current guidelines.

Where can I find the registration office for Ponni Amman Koil Street?

The registration office covering Ponni Amman Koil Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is stamp duty calculated on properties in Madanandapuram?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, on a property valued at Rs 31,90,000, the stamp duty would be Rs 2,23,300 at 7%.