Guideline Value for Ponniamman Kovil Street(Thirumangalam Madura Kandigai)

Ponniamman Kovil Street(Thirumangalam Madura Kandigai) guideline value

The current guideline value for Ponniamman Kovil Street(Thirumangalam Madura Kandigai) is Rs 250 per sq.ft, effective from 1 July 2024. This street is located in Thirumangalam village, under the Sunguvarchattram SRO, and is classified as Residential Class III Type - I.

How the guideline value of Ponniamman Kovil Street(Thirumangalam Madura Kandigai) has changed

Over the years, the guideline value for Ponniamman Kovil Street has seen several revisions. The register shows that in 2012, the value was Rs 250 per sq.ft, which remained unchanged until 2023. In 2017, it had dropped to Rs 167 per sq.ft, marking a decrease of 33%. However, from 2017 to 2023, it increased by 50% to return to Rs 250 per sq.ft. The 2024 revision has maintained this value at Rs 250 per sq.ft, indicating no change from the previous year.

It is important to note that the register does not provide figures for the years 2002, 2003, and 2007 for this street. Therefore, the significant changes have occurred only between the years 2012, 2017, 2023, and 2024.

Guideline values in Thirumangalam

In Thirumangalam village, there are 42 streets under the Sunguvarchattram SRO that carry a 2024 guideline value, ranging from Rs 250 to Rs 2,000 per sq.ft. The median value among these streets is Rs 605 per sq.ft, placing Ponniamman Kovil Street's 2024 figure below this median.

• Ponniamman Kovil Street: Rs 250 per sq.ft (2024)
• Pillaiayar Kovil Street: Rs 605 per sq.ft (2024)
• Rajiv Gandhi Virpannai Koodam: Rs 600 per sq.ft (2024)
• Rajiv Ideal Farms: Rs 605 per sq.ft (2024)
• Palla Street: Rs 700 per sq.ft (2024)
• Palkarar Street: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Ponniamman Kovil Street(Thirumangalam Madura Kandigai)

For a 1,000 sq.ft plot at the current guideline value of Rs 250 per sq.ft, the total guideline value amounts to Rs 2,50,000. The stamp duty is charged at 7%, which totals Rs 17,500, while the registration fee is 2%, amounting to Rs 5,000. Together, the total fees come to Rs 22,500. It is essential to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Ponniamman Kovil Street(Thirumangalam Madura Kandigai)?

The Sub Registrar Office that covers Ponniamman Kovil Street 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 details.

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

The guideline value plays a crucial role in the registration of property transactions in Thirumangalam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transfer of property ownership.

When buying or selling property, 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 correct amount of revenue from property transactions.

Frequently asked questions

What is the current guideline value for Ponniamman Kovil Street?

The current guideline value for Ponniamman Kovil Street(Thirumangalam Madura Kandigai) 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 previous drop to Rs 167 per sq.ft in 2017 and a return to Rs 250 per sq.ft in 2023.

What is the land classification of Ponniamman Kovil Street?

Ponniamman Kovil Street is classified as Residential Class III Type - I under the Sunguvarchattram SRO.

What are the stamp duty rates for properties in this area?

The stamp duty for properties in Ponniamman Kovil Street is charged at 7% of the guideline value or the sale price, whichever is higher.

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

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