Guideline Value for Ponniamman Kovil Street

Ponniamman Kovil Street guideline value

The current guideline value of Ponniamman Kovil Street in Thirumangalam village, under the Sunguvarchattram SRO, is Rs 600 per sq.ft, effective from 1 July 2024. This street is classified as Residential Special Type - III.

How the guideline value of Ponniamman Kovil Street has changed

The guideline value for Ponniamman Kovil Street has undergone several revisions over the years. In 2012, the guideline value was set at Rs 600 per sq.ft. This figure remained unchanged until the 2017 revision, where it was adjusted to Rs 402 per sq.ft. The next revision in 2023 saw it return to Rs 600 per sq.ft, and as of the 2024 revision, it remains at Rs 600 per sq.ft. Notably, there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

From 2012 to 2017, the guideline value decreased by 33%, and then from 2017 to 2023, it increased by 49%. Overall, from 2012 to 2024, the guideline value has not changed, remaining at Rs 600 per sq.ft.

Guideline values in Thirumangalam

In Thirumangalam, 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 guideline value for these streets is Rs 605 per sq.ft, placing Ponniamman Kovil Street's 2024 figure below this median.

• Ponniamman Kovil Street(Thirumangalam Madura Kandigai): Rs 600 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

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value would be Rs 6,00,000. The stamp duty at 7% would amount to Rs 42,000, and the registration fee at 2% would be Rs 12,000, resulting in a total of Rs 54,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ponniamman Kovil Street?

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

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

The guideline value plays a crucial role during the registration of property transactions in Thirumangalam. It is used to determine the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When a property is registered, the guideline value is assessed to ensure that the appropriate fees are collected based on the value of the property. This ensures transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Ponniamman Kovil Street?

The current guideline value of Ponniamman Kovil Street is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Ponniamman Kovil Street has seen several revisions, with the most recent being Rs 600 per sq.ft in 2024, unchanged from the 2023 revision. The value was Rs 402 per sq.ft in 2017 and Rs 600 per sq.ft in 2012.

What are the other guideline values in Thirumangalam?

In Thirumangalam, the guideline values for other streets range from Rs 250 to Rs 2,000 per sq.ft, with a median value of Rs 605 per sq.ft. Ponniamman Kovil Street's value is below this median.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 6,00,000, the stamp duty would be Rs 42,000 and the registration fee would be Rs 12,000, totaling Rs 54,000. These fees are based on the higher of the guideline value or the sale price.

Which office handles property registration for Ponniamman Kovil Street?

The Sunguvarchattram Sub Registrar Office handles property registration for Ponniamman Kovil Street. It is located on Vadivamal Nagar Kandigai Road, opposite Caparo Company, in the Chengalpattu registration zone.