Guideline Value for Ponniamman Koil 2nd Cross Street

Ponniamman Koil 2nd Cross Street guideline value

The current guideline value of Ponniamman Koil 2nd 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, and is classified as Residential Special Type - I.

How the guideline value of Ponniamman Koil 2nd Cross Street has changed

The guideline value for Ponniamman Koil 2nd Cross Street has undergone several revisions over the years. The earliest revision listed is from 2012, when the guideline value was Rs 2,500 per sq.ft. This was followed by a decrease to Rs 1,675 per sq.ft in 2017. However, from 2017 to 2023, the value increased significantly to Rs 2,500 per sq.ft, marking a 49% rise. The most recent revision in 2024 set the value at Rs 2,700 per sq.ft, reflecting an 8% increase from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, comparing the figures from 2012 to 2024, there has been an 8% increase in the guideline value.

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 value for these streets is Rs 2,150 per sq.ft, placing Ponniamman Koil 2nd Cross Street above this median.

• Ponniamman Koil 2nd Street: Rs 2,700 per sq.ft (2024)
• Ponniamman Koil 1st Street: Rs 2,700 per sq.ft (2024)
• Ponniamman Koil 1st Cross 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)
• P.T.C. Colony 1st Street: Rs 1,900 per sq.ft (2024)

Stamp duty and registration fee for property in Ponniamman Koil 2nd 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 amounts to Rs 27,00,000. The stamp duty at 7% would be Rs 1,89,000, while the registration fee at 2% would be Rs 54,000, bringing the total fees 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 details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ponniamman Koil 2nd Cross Street?

The Sub Registrar Office that covers Ponniamman Koil 2nd 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 information.

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

The guideline value is an essential 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 in this area.

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

Frequently asked questions

What is the current guideline value of Ponniamman Koil 2nd Cross Street?

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

How has the guideline value changed over the years?

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 back to Rs 2,500 per sq.ft in 2023, and finally to Rs 2,700 per sq.ft in 2024.

What are the other streets in Rajakilpakkam with similar guideline values?

Other streets in Rajakilpakkam with a guideline value of Rs 2,700 per sq.ft in 2024 include Ponniamman Koil 2nd Street, Ponniamman Koil 1st Street, Ponniamman Koil 1st Cross Street, and Ponniamman Koil Street.

What is the stamp duty rate for properties in this area?

The stamp duty rate for properties in Ponniamman Koil 2nd Cross Street is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Ponniamman Koil 2nd Cross Street?

The Selaiyur Sub Registrar Office covers Ponniamman Koil 2nd Cross Street, located at No.36, Bharathmatha Salai, East Tambaram, Chennai - 600 073.