Guideline Value for Ponniamman Koil Street

Ponniamman Koil Street guideline value

The current guideline value for Ponniamman Koil Street is Rs 250 per sq.ft, effective from 1 July 2024. This street is located in Karasangal village, under the Sriperumpudur SRO, and is classified as Residential Class II Type - I.

How the guideline value of Ponniamman Koil Street has changed

Over the years, the guideline value for Ponniamman Koil Street has seen several revisions. The most recent revision in 2024 set the value at Rs 250 per sq.ft, which is the same as the previous revision in 2023. The 2017 revision recorded a value of Rs 167 per sq.ft, showing a significant increase of 50% when compared to the 2017 figure. In contrast, the 2012 revision also set the value at Rs 250 per sq.ft, indicating a decrease of 33% from the 2012 to 2017 period. Overall, from 2012 to 2024, the guideline value has remained unchanged at Rs 250 per sq.ft.

The register does not have figures for Ponniamman Koil Street for the years 2002, 2003, and 2007. Therefore, we can only consider the revisions from 2012 onwards for this street's guideline value changes.

Guideline values in Karasangal

In Karasangal village, there are 59 streets under the Sriperumpudur SRO that have a guideline value for 2024, ranging from Rs 100 to Rs 3,550 per sq.ft. The median guideline value for these streets is Rs 402 per sq.ft, placing Ponniamman Koil Street's 2024 figure below this median.

• Pillayar Koil Street: Rs 250 per sq.ft (2024)
• Periyar Street: Rs 250 per sq.ft (2024)
• Radiance Jade Garden: Rs 3,284 per sq.ft (2024)
• Radiance Jade Garden - II: Rs 3,284 per sq.ft (2024)
• Periya kalathumettu street: Rs 250 per sq.ft (2024)
• Palathotta Salai: Rs 250 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 rate of Rs 250 per sq.ft, the guideline value amounts to Rs 2,50,000. The stamp duty at 7% would be Rs 17,500, while the registration fee at 2% would be Rs 5,000, totaling Rs 22,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ponniamman Koil Street?

The Sub Registrar Office that covers Ponniamman Koil Street is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions within Karasangal. It is used to determine the stamp duty and registration fees that must be paid during the registration process. Buyers and sellers should be aware that the guideline value is an essential factor in calculating these costs.

When a property is sold, the guideline value ensures that the transaction is recorded at a fair value, which helps maintain transparency in real estate dealings. It is advisable for buyers to check the current guideline value before proceeding with any transaction to understand the financial implications.

Frequently asked questions

What is the current guideline value of Ponniamman Koil Street?

The current guideline value of Ponniamman Koil Street is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 250 per sq.ft from 2012 to 2024, with a significant increase from Rs 167 per sq.ft in 2017. The value was also Rs 250 per sq.ft in 2012 and 2023.

What is the land classification for Ponniamman Koil Street?

Ponniamman Koil Street is classified as Residential Class II Type - I, indicating its suitability for residential development.

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

The Sub Registrar Office for Ponniamman Koil Street is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

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

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot valued at Rs 250 per sq.ft, the total guideline value would be Rs 2,50,000, leading to a stamp duty of Rs 17,500.