Guideline Value for Ponniamman Nagar Ph.I

Ponniamman Nagar Ph.I guideline value

The current guideline value of Ponniamman Nagar Ph.I is Rs 200 per sq.ft, effective from 1 July 2024. This area is located in Somangalam_B village, under the Sriperumpudur SRO, and is classified as Residential Class III Type - I.

How the guideline value of Ponniamman Nagar Ph.I has changed

The guideline value for Ponniamman Nagar Ph.I has seen several revisions over the years. The 2017 revision set the value at Rs 134 per sq.ft, which was then increased to Rs 200 per sq.ft in both the 2023 and 2024 revisions, reflecting a significant increase of 49% from 2017 to 2023. There are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street.

From 2023 to 2024, the guideline value remained unchanged at Rs 200 per sq.ft, indicating a 0% change. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 49%.

Guideline values in Somangalam_B

In Somangalam_B, there are 79 streets under the Sriperumpudur SRO that carry a guideline value for 2024, ranging from Rs 150 to Rs 2,500 per sq.ft. The median value for these streets is Rs 250 per sq.ft, placing Ponniamman Nagar Ph.I below this median.

• Pillaiyar koil street: Rs 400 per sq.ft (2024)
• Raisa Nagar: Rs 250 per sq.ft (2024)
• Raisa Nagar Annex: Rs 150 per sq.ft (2024)
• Ramachandra Nagar: Rs 350 per sq.ft (2024)
• Real Value Nagar: Rs 350 per sq.ft (2024)
• Real Value Nagar Phase III: Rs 350 per sq.ft (2024)

Stamp duty and registration fee for property in Ponniamman Nagar Ph.I

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value would be Rs 2,00,000. The stamp duty at 7% would amount to Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total to Rs 18,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ponniamman Nagar Ph.I?

The Sub Registrar Office that covers Ponniamman Nagar Ph.I is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Somangalam_B. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold.

When registering a property, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Ponniamman Nagar Ph.I?

The current guideline value of Ponniamman Nagar Ph.I is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 134 per sq.ft in 2017 to Rs 200 per sq.ft in both 2023 and 2024, showing a 49% increase overall from 2017 to 2024.

What are the stamp duty and registration fees for property in Ponniamman Nagar Ph.I?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 14,000 and the registration fee would be Rs 4,000, totaling Rs 18,000.

Which Sub Registrar Office handles registrations for Ponniamman Nagar Ph.I?

The Sriperumpudur Sub Registrar Office handles registrations for Ponniamman Nagar Ph.I, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is the guideline value used in property transactions?

The guideline value is used to calculate stamp duty and registration fees during property transactions. It is compared with the sale price, and the higher value is used for these calculations.