Guideline Value for Ponniamman Kovil Street

Ponniamman Kovil Street guideline value

The current guideline value of Ponniamman Kovil Street is Rs 100 per sq.ft, effective from 1 July 2024. This street is located in Bheema Puram village under the Sunguvarchattram SRO, classified as Residential Class I Type - I.

How the guideline value of Ponniamman Kovil Street has changed

Over the years, the guideline value for Ponniamman Kovil Street has seen several revisions. The 2012 revision set the value at Rs 100 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 67 per sq.ft. Following this, the 2023 revision brought the value back to Rs 100 per sq.ft, which remained the same in the 2024 revision.

From 2017 to 2023, there was a significant increase of 49%. However, the overall change from 2012 to 2024 shows no increase, as the value remains at Rs 100 per sq.ft. The register does not contain figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Bheema Puram

In Bheema Puram, there are three streets under the Sunguvarchattram SRO with a guideline value of Rs 100 per sq.ft for 2024, making the median value also Rs 100 per sq.ft. Ponniamman Kovil Street's 2024 figure is equal to this median.

• Perumal Kovil Street: Rs 100 per sq.ft (2024)
• Mariamman Kovil Street: Rs 100 per sq.ft (2024)

Stamp duty and registration fee for property in Ponniamman Kovil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 100 per sq.ft, the total guideline value amounts to Rs 1,00,000. The stamp duty at 7% would be Rs 7,000, and the registration fee at 2% would be Rs 2,000, totaling Rs 9,000. It is important 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?

The Ponniamman Kovil Street falls under the jurisdiction of 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 Bheema Puram

The guideline value is a crucial factor during the registration of property transactions in Bheema Puram. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, the guideline value helps establish a fair basis for the transaction. Buyers and sellers must consider this value to ensure compliance with local regulations and avoid any potential disputes during the registration process.

Frequently asked questions

What is the current guideline value of Ponniamman Kovil Street?

The current guideline value of Ponniamman Kovil Street is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 100 per sq.ft since 2012, with a drop to Rs 67 per sq.ft in 2017, followed by a return to Rs 100 per sq.ft in 2023 and 2024.

What are the other streets in Bheema Puram with the same guideline value?

Other streets in Bheema Puram with the same guideline value of Rs 100 per sq.ft for 2024 include Perumal Kovil Street and Mariamman Kovil Street.

What fees are associated with property registration in Ponniamman Kovil Street?

The fees include a stamp duty of 7% and a registration fee of 2% based on the guideline value, which totals Rs 9,000 for a 1,000 sq.ft plot at the current rate.

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

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