Guideline Value for Ponniamman Koil 1st Cross Street

Ponniamman Koil 1st Cross Street guideline value

The current guideline value of Ponniamman Koil 1st Cross Street is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Rajakilpakkam village under the Selaiyur SRO, classified as Residential Special Type - I.

How the guideline value of Ponniamman Koil 1st Cross Street has changed

Since the 2012 revision, the guideline value for Ponniamman Koil 1st Cross Street has seen various changes. The 2012 revision set the value at Rs 2,500 per sq.ft, which was a decrease of 33% from the previous revision in 2017, where the value was Rs 1,675 per sq.ft. The 2023 revision increased the guideline value to Rs 2,500 per sq.ft, followed by an 8% increase to Rs 2,700 per sq.ft in the 2024 revision.

Overall, from 2012 to 2024, the guideline value has increased by 8%. Notably, there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Rajakilpakkam

In Rajakilpakkam, there are 384 streets under the Selaiyur SRO that carry a 2024 guideline value, ranging from Rs 850 to Rs 5,000 per sq.ft. The median guideline value in this area is Rs 2,150 per sq.ft, making the 2024 value of Ponniamman Koil 1st Cross Street above this median.

• Ponniamman Koil 1st Street: Rs 2,700 per sq.ft (2024)
• Ponniamman Koil 2nd Cross Street: Rs 2,700 per sq.ft (2024)
• Ponniamman Koil 2nd Street: Rs 2,700 per sq.ft (2024)
• Ponniamman Koil Street: Rs 2,700 per sq.ft (2024)
• Pillaiyar Koil Street: Rs 1,300 per sq.ft (2024)
• Perumal Nagar: Rs 2,150 per sq.ft (2024)

Stamp duty and registration fee for property in Ponniamman Koil 1st Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value would be Rs 27,00,000. The stamp duty at 7% would amount to Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, bringing the total to Rs 2,43,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ponniamman Koil 1st Cross Street?

The Sub Registrar Office that covers Ponniamman Koil 1st Cross Street is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor during the registration of property transactions in Rajakilpakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property.

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

Frequently asked questions

What is the current guideline value of Ponniamman Koil 1st Cross Street?

The current guideline value of Ponniamman Koil 1st Cross Street is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,500 per sq.ft in 2023 to Rs 2,700 per sq.ft in 2024, representing an 8% increase. From 2012 to 2024, the overall increase is also 8%.

What is the land classification for Ponniamman Koil 1st Cross Street?

Ponniamman Koil 1st Cross Street is classified as Residential Special Type - I, indicating its suitability for residential development.

What are the stamp duty rates for property transactions?

The stamp duty rate for property transactions in this area is 7% of the guideline value or sale price, whichever is higher. Additionally, a registration fee of 2% is applicable.

Where can I find the Selaiyur Sub Registrar Office?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073. You can find more details by visiting the provided link.