Guideline Value for Ponniamman Kullakarai Street

Ponniamman Kullakarai Street guideline value

The current guideline value of Ponniamman Kullakarai Street is Rs 200 per sq.ft, effective from 1 July 2024. This street is located in Kottaiyoor village, under the Sunguvarchattram SRO, and is classified as Residential Class II Type - I.

How the guideline value of Ponniamman Kullakarai Street has changed

Over the years, the guideline value of Ponniamman Kullakarai Street has seen several revisions. The 2012 revision set the value at Rs 200 per sq.ft, which remained unchanged in the subsequent 2017 revision. However, in 2017, the value was Rs 134 per sq.ft, marking a decrease of 33% from 2012. The 2023 revision also maintained the value at Rs 200 per sq.ft, showing no change from the previous year. The 2024 revision has again set the value at Rs 200 per sq.ft, indicating a 0% change from 2023.

The guideline value has not been recorded for the years 2002, 2003, and 2007 in the register for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has remained unchanged at Rs 200 per sq.ft.

Guideline values in Kottaiyoor

Kottaiyoor village has 18 streets under the Sunguvarchattram SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 900 per sq.ft, with a median value of Rs 250 per sq.ft. Ponniamman Kullakarai Street's 2024 figure is below this median.

• Perumal Kovil Street: Rs 250 per sq.ft (2024)
• Padasalai Street: Rs 250 per sq.ft (2024)
• Sarava Form House: Rs 150 per sq.ft (2024)
• Mariamman Kovil street: Rs 200 per sq.ft (2024)
• Spectrum Enclaive: Rs 300 per sq.ft (2024)
• Kullakarai Cross Street: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Ponniamman Kullakarai Street

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 at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, making a total of Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ponniamman Kullakarai Street?

The Sub Registrar Office that covers Ponniamman Kullakarai 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 information.

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

The guideline value is a crucial factor during the registration of property transactions in Kottaiyoor. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency in property dealings.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees. This ensures that both parties are aware of the financial implications involved in the transaction.

Frequently asked questions

What is the current guideline value of Ponniamman Kullakarai Street?

The current guideline value of Ponniamman Kullakarai Street is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 200 per sq.ft from 2012 to 2024, with a notable increase of 49% from Rs 134 per sq.ft in 2017 to Rs 200 per sq.ft in 2023.

What is the stamp duty for properties on Ponniamman Kullakarai Street?

The stamp duty for properties on Ponniamman Kullakarai Street is 7% of the guideline value or sale price, whichever is higher. For example, a property valued at Rs 2,00,000 would incur a stamp duty of Rs 14,000.

Where is the Sub Registrar Office located?

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

What is the land classification of Ponniamman Kullakarai Street?

Ponniamman Kullakarai Street is classified as Residential Class II Type - I, indicating its use for residential purposes within the Kottaiyoor village.