Guideline Value for Ponni Nagar

Ponni Nagar guideline value

The current guideline value of Ponni Nagar, located in Rathinamangalam village under the Gooduvancheri SRO, is Rs 1,000 per sq.ft as per the 2023 revision. This area is classified as Residential Special Type - II.

How the guideline value of Ponni Nagar has changed

The guideline value for Ponni Nagar has seen several revisions over the years. In 2007, the value was set at Rs 300 per sq.ft. This increased significantly to Rs 1,000 per sq.ft in the 2012 revision, marking a rise of 233%. However, in the 2017 revision, the value dropped to Rs 670 per sq.ft, a decrease of 33%. The most recent revision in 2023 has restored the value back to Rs 1,000 per sq.ft, reflecting an increase of 49% from the 2017 figure.

Overall, from the 2007 revision to the 2023 revision, the guideline value has increased by 233%. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2024 for this street.

Guideline values in Rathinamangalam

Currently, there are no specific village figures available for Rathinamangalam. Ponni Nagar is one of the areas under the Gooduvancheri SRO.

Stamp duty and registration fee for property in Ponni Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value amounts to Rs 10,00,000. The stamp duty, charged at 7%, would be Rs 70,000, and the registration fee at 2% would be Rs 20,000, bringing the total cost for these fees to Rs 90,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Ponni Nagar?

The Sub Registrar Office that covers Ponni Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Rathinamangalam. It serves as a benchmark for determining the stamp duty and registration fees applicable when buying or selling property in the area.

When registering a property, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Ponni Nagar?

The current guideline value of Ponni Nagar is Rs 1,000 per sq.ft as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2007 to Rs 1,000 per sq.ft in 2012, then decreased to Rs 670 per sq.ft in 2017, and finally returned to Rs 1,000 per sq.ft in 2023.

What are the stamp duty and registration fees for property in Ponni Nagar?

The stamp duty is charged at 7% and the registration fee at 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 90,000 based on the current guideline value.

Which Sub Registrar Office covers Ponni Nagar?

The Gooduvancheri Sub Registrar Office covers Ponni Nagar, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

Are there any other streets in Rathinamangalam with guideline values?

No specific figures for other streets in Rathinamangalam have been provided at this time.