Guideline Value for Ponniamman Koil Street

Ponniamman Koil Street guideline value

The current guideline value of Ponniamman Koil 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 Street has changed

Over the years, the guideline value of Ponniamman Koil Street has seen several revisions. The 2012 revision set the value at Rs 2,500 per sq.ft, which was a decrease of 33% from the Rs 1,675 per sq.ft recorded in the 2017 revision. The guideline value remained at Rs 2,500 per sq.ft until the 2023 revision, which increased it to Rs 2,500 per sq.ft.

The most recent revision in 2024 raised the guideline value to Rs 2,700 per sq.ft, marking an 8% increase from the previous year. Overall, from 2012 to 2024, the guideline value has increased by 8%.

Guideline values in Rajakilpakkam

In Rajakilpakkam, there are 384 streets under the Selaiyur SRO, with guideline values for 2024 ranging from Rs 850 to Rs 5,000 per sq.ft. The median guideline value across these streets is Rs 2,150 per sq.ft, placing Ponniamman Koil Street's 2024 figure above this median.

• Ponniamman Koil 2nd Street: Rs 2,700 per sq.ft (2024)
• Ponniamman Koil 2nd Cross 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)
• 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 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, resulting in a total of 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.

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

Which Sub Registrar Office covers Ponniamman Koil Street?

The Sub Registrar Office that covers Ponniamman Koil 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 an essential factor when registering property transactions in Rajakilpakkam. It helps determine the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When a property is sold, the guideline value serves as a benchmark for calculating these fees, ensuring that the transaction is registered accurately and in accordance with local regulations.

Frequently asked questions

What is the current guideline value of Ponniamman Koil Street?

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

How much 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, an increase of 8%. It was Rs 1,675 per sq.ft in 2017 and Rs 2,500 per sq.ft in 2012.

What is the land classification of Ponniamman Koil Street?

Ponniamman Koil Street is classified as Residential Special Type - I, indicating its suitability for residential purposes.

What are the stamp duty and registration fees for property transactions?

The stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, while the registration fee is 2%. For example, for a 1,000 sq.ft plot, the total fees would amount to Rs 2,43,000.

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 also find more details online.