Guideline Value for Ponniamman Kovil Street (colony)

Ponniamman Kovil Street (colony) guideline value

The current guideline value of Ponniamman Kovil Street (colony) is Rs 200 per sq.ft, effective from the 2024 revision. This street is located in Vattampakkam village, under the Sunguvarchattram SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Ponniamman Kovil Street (colony) has changed

The guideline value for Ponniamman Kovil Street (colony) has undergone several revisions over the years. The earliest recorded figure is from the 2012 revision, which was Rs 200 per sq.ft. In the 2017 revision, the value decreased to Rs 134 per sq.ft, marking a decline of 33%. However, by the 2023 revision, the value increased to Rs 200 per sq.ft, reflecting a significant rise of 49% from the previous revision. The current 2024 revision maintains the guideline value at Rs 200 per sq.ft, showing no change from the 2023 figure.

It is important to note that there are no recorded figures for Ponniamman Kovil Street (colony) in the 2002, 2003, and 2007 revisions. Overall, from the 2012 revision to the 2024 revision, the guideline value has remained the same at Rs 200 per sq.ft.

Guideline values in Vattampakkam

In Vattampakkam village, there are 33 streets under the Sunguvarchattram SRO that have a 2024 guideline value ranging from Rs 200 to Rs 1,790 per sq.ft. The median value among these streets is Rs 250 per sq.ft, placing Ponniamman Kovil Street (colony) below this median.

• Pillaiyar Kovil Street: Rs 200 per sq.ft (2024)
• Pethel Nagar: Rs 426 per sq.ft (2024)
• Perumal Kovil Street (colony): Rs 200 per sq.ft (2024)
• Parivender Nagar: Rs 500 per sq.ft (2024)
• OMS green city: Rs 1,790 per sq.ft (2024)
• Rockey Garden: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Ponniamman Kovil Street (colony)

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value amounts to Rs 2,00,000. The stamp duty is charged at 7%, which totals Rs 14,000, and the registration fee is charged at 2%, amounting to Rs 4,000. Therefore, the total cost for stamp duty and registration fees together is Rs 18,000. Please 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 Kovil Street (colony)?

The Sub Registrar Office that covers Ponniamman Kovil Street (colony) is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Vattampakkam. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When a property is sold, the guideline value will influence the calculation of applicable stamp duties and registration fees. These fees are based on the higher of the guideline value or the sale price, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Ponniamman Kovil Street (colony)?

The current guideline value of Ponniamman Kovil Street (colony) is Rs 200 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

The guideline value has seen various changes, with the most recent revision in 2024 maintaining it at Rs 200 per sq.ft, the same as in 2023. The value increased from Rs 134 per sq.ft in 2017 to Rs 200 per sq.ft in 2023.

What is the land classification for Ponniamman Kovil Street (colony)?

Ponniamman Kovil Street (colony) is classified as Residential Class II Type - I, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office covering Ponniamman Kovil Street (colony) is located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

How are stamp duties calculated for properties in Vattampakkam?

Stamp duties are calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 2,00,000, the stamp duty would be Rs 14,000 at a rate of 7%.