Guideline Value for Ponniamman Koil 1st Street

Ponniamman Koil 1st Street guideline value

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

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

The guideline value for Ponniamman Koil 1st Street has undergone several revisions over the years. In 2012, the guideline value was Rs 2,500 per sq.ft. This figure remained the same until 2017, when it decreased to Rs 1,675 per sq.ft. Following this, the value increased significantly to Rs 2,500 per sq.ft in 2023, and then to Rs 2,700 per sq.ft in 2024.

In terms of percentage changes, the guideline value saw a decrease of 33% from 2012 to 2017. However, there was a substantial increase of 49% from 2017 to 2023. Overall, from 2012 to 2024, the guideline value increased by 8%. It is important to note that 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 for these streets is Rs 2,150 per sq.ft, placing Ponniamman Koil 1st Street above this median at Rs 2,700 per sq.ft.

• Ponniamman Koil 1st Cross 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 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. Together, the total cost for stamp duty and registration would be Rs 2,43,000. 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 further calculations.

Which Sub Registrar Office covers Ponniamman Koil 1st Street?

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

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

When buying or selling property in Rajakilpakkam, the guideline value is crucial as it determines the amount of stamp duty and registration fees payable. The guideline value is set by the government and is used as a benchmark for property transactions to ensure that the correct taxes are collected.

At the time of registration, the buyer must pay stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

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

The current guideline value of Ponniamman Koil 1st 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 2012 to Rs 1,675 per sq.ft in 2017, then to Rs 2,500 per sq.ft in 2023, and finally to Rs 2,700 per sq.ft in 2024.

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

Ponniamman Koil 1st Street is classified as Residential Special Type - I.

Where is the Selaiyur Sub Registrar Office located?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opposite to Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.

How is stamp duty calculated for properties in Ponniamman Koil 1st Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 1,89,000.