Guideline Value for Ponni Street (jayaram nagar)

Ponni Street (jayaram nagar) guideline value

The current guideline value of Ponni Street (jayaram nagar) is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Ayappakkam village and falls under the Ambattur SRO. The land classification for this area is Residential Class I Type - II.

How the guideline value of Ponni Street (jayaram nagar) has changed

The guideline value of Ponni Street (jayaram nagar) has seen several revisions over the years. The earliest recorded revision was in 2007, where the value was Rs 200 per sq.ft. This increased significantly to Rs 1,000 per sq.ft in 2012, marking a 400% rise. However, it then decreased to Rs 670 per sq.ft in 2017, which represented a 33% drop. The value rose again to Rs 1,000 per sq.ft in 2023, and most recently, it has increased to Rs 1,100 per sq.ft in the 2024 revision, reflecting a 10% increase.

There are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 450%.

Guideline values in Ayappakkam

In Ayappakkam, there are 221 streets under the Ambattur SRO that have a 2024 guideline value ranging from Rs 550 to Rs 4,000 per sq.ft, with a median value of Rs 1,300 per sq.ft. The guideline value for Ponni Street (jayaram nagar) is below this median.

• Pound Cross Street: Rs 880 per sq.ft (2024)
• Pound Street: Rs 880 per sq.ft (2024)
• Pillaiyar Koil Street: Rs 880 per sq.ft (2024)
• Prasanthi Avenue: Rs 1,700 per sq.ft (2024)
• Raghavan Cross Street(Bhavani nagar): Rs 1,600 per sq.ft (2024)
• Raghavan Salai(Bhavani nagar): Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in Ponni Street (jayaram nagar)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total cost for these fees to Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Ponni Street (jayaram nagar)?

The Sub Registrar Office that covers Ponni Street (jayaram nagar) is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

For more details, you can find your SRO.

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

The guideline value is a crucial factor when buying or selling property in Ayappakkam, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations and to calculate applicable fees.

When registering a property, the guideline value is used to assess the stamp duty and registration fees, which are calculated based on this value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Ponni Street (jayaram nagar)?

The current guideline value of Ponni Street (jayaram nagar) is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024. This reflects an overall increase of 450% over the years.

What are the guideline values of other streets in Ayappakkam?

Other streets in Ayappakkam have a range of guideline values, with some streets like Pound Cross Street, Pound Street, and Pillaiyar Koil Street valued at Rs 880 per sq.ft, while Prasanthi Avenue is valued at Rs 1,700 per sq.ft.

What fees are associated with buying property in Ponni Street (jayaram nagar)?

When buying property in Ponni Street (jayaram nagar), the stamp duty is 7% of the guideline value, and the registration fee is 2%. For example, for a 1,000 sq.ft plot, the total fees would be Rs 99,000.

Which office handles property registration for Ponni Street (jayaram nagar)?

The Ambattur Sub Registrar Office handles property registration for Ponni Street (jayaram nagar). It is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.