Guideline Value for Ponniamman Koil Street

Ponniamman Koil Street guideline value

The current guideline value of Ponniamman Koil Street is Rs 1,200 per sq.ft, effective from 1 July 2024. This street is located in 44.Ayanambakkam village under the Konnur SRO, classified as Residential Class II Type - II.

How the guideline value of Ponniamman Koil Street has changed

In the 2017 revision, the guideline value was Rs 737 per sq.ft. This increased to Rs 1,100 per sq.ft in the 2023 revision, marking a 49% rise. The current 2024 revision shows a further increase to Rs 1,200 per sq.ft, which is a 9% change from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 63%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in 44.Ayanambakkam

In 44.Ayanambakkam, there are 157 streets under the Konnur SRO with a 2024 guideline value ranging from Rs 801 to Rs 9,702 per sq.ft. The median value for these streets is Rs 1,300 per sq.ft, placing Ponniamman Koil Street's 2024 figure below that median.

• Ponniamman Nagar: Rs 1,200 per sq.ft (2024)
• Ponniamman nagar 2st Cross Street: Rs 1,200 per sq.ft (2024)
• Ponniamman nagar 3st Cross Street: Rs 1,200 per sq.ft (2024)
• Ponniamman nagar 4st Cross Street: Rs 1,200 per sq.ft (2024)
• Ponniamman nagar 5st Cross Street: Rs 1,200 per sq.ft (2024)
• Ponniamman nagar Ist Cross Street: Rs 1,200 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 1,200 per sq.ft, the guideline value amounts to Rs 12,00,000. The stamp duty at 7% would be Rs 84,000, and the registration fee at 2% would be Rs 24,000, totaling Rs 1,08,000. Duty is charged on the guideline value or the sale price, whichever is higher. 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 covering Ponniamman Koil Street is the Konnur Sub Registrar Office, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. You can find your SRO for more information.

How the guideline value is used when you buy or sell in 44.Ayanambakkam

The guideline value is a crucial factor during the registration of property transactions in 44.Ayanambakkam. It determines the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps establish a baseline for negotiations and ensures transparency in the transaction process. Buyers and sellers should be aware of the current guideline value to make informed decisions.

Frequently asked questions

What is the current guideline value of Ponniamman Koil Street?

The current guideline value of Ponniamman Koil Street is Rs 1,200 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 737 per sq.ft to Rs 1,200 per sq.ft in 2024, marking a total increase of 63% over this period.

What are the stamp duty and registration fees for properties here?

For a property valued at Rs 12,00,000, the stamp duty is Rs 84,000, and the registration fee is Rs 24,000, totaling Rs 1,08,000. These fees are based on the guideline value or the sale price, whichever is higher.

Which office handles property registrations for Ponniamman Koil Street?

The Konnur Sub Registrar Office handles property registrations for Ponniamman Koil Street, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.

What is the median guideline value for streets in 44.Ayanambakkam?

The median guideline value for streets in 44.Ayanambakkam is Rs 1,300 per sq.ft, while Ponniamman Koil Street's 2024 guideline value is below this median at Rs 1,200 per sq.ft.