Guideline Value for Ponniamman Kovil Street

Ponniamman Kovil Street guideline value

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

How the guideline value of Ponniamman Kovil Street has changed

Over the years, the guideline value of Ponniamman Kovil Street has seen several revisions. The 2012 revision set the value at Rs 250 per sq.ft, which remained unchanged until the 2023 revision. In 2017, the value was Rs 167 per sq.ft, reflecting a decrease of 33% from the 2012 figure. The 2023 revision maintained the value at Rs 250 per sq.ft, and the 2024 revision also kept it at Rs 250 per sq.ft, showing no change from the previous year.

There are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has remained unchanged at Rs 250 per sq.ft.

Guideline values in Mambakkam

In Mambakkam, there are 39 streets under the Sunguvarchattram SRO that carry a 2024 guideline value, ranging from Rs 200 to Rs 1,418 per sq.ft. The median value for these streets is Rs 305 per sq.ft, placing Ponniamman Kovil Street's 2024 figure below that median.

• Perumal Kovil Street: Rs 305 per sq.ft (2024)
• PalliKooda Street: Rs 305 per sq.ft (2024)
• Pallikooda East Street: Rs 305 per sq.ft (2024)
• Padavettamman Kovil Street: Rs 305 per sq.ft (2024)
• R.R Salai: Rs 305 per sq.ft (2024)
• Saar City: Rs 1,418 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 250 per sq.ft, the total guideline value would be Rs 2,50,000. The stamp duty at 7% would amount to Rs 17,500, and the registration fee at 2% would be Rs 5,000, bringing the total fees together to Rs 22,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ponniamman Kovil Street?

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.

To find your SRO, you can visit find your SRO.

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

The guideline value plays a critical role in property transactions in Mambakkam. It is used to determine the stamp duty and registration fees applicable when buying or selling property. Buyers should be aware that the guideline value is often used as a benchmark for property transactions.

When registering a property, the guideline value is assessed to calculate the necessary fees. It is essential for buyers and sellers to understand this value to ensure compliance with local regulations and to avoid any unexpected costs 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 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 decrease to Rs 167 per sq.ft in 2017. There were no figures available for the years 2002, 2003, and 2007.

What is the median guideline value in Mambakkam?

The median guideline value for the 39 streets in Mambakkam under the Sunguvarchattram SRO is Rs 305 per sq.ft, which is higher than the current value of Ponniamman Kovil Street.

What are the stamp duty and registration fees for properties in Ponniamman Kovil Street?

The stamp duty for a property valued at Rs 2,50,000 would be Rs 17,500, and the registration fee would be Rs 5,000, totaling Rs 22,500.

Where is the Sub Registrar Office for Ponniamman Kovil Street located?

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