Guideline Value for Ponniamman Nagar Salai

Ponniamman Nagar Salai guideline value

The current guideline value of Ponniamman Nagar Salai is Rs 1,200 per sq.ft, effective from 1 July 2024. This street is located in 44.Ayanambakkam village under the Konnur SRO, classified as Residential Class II Type - II.

How the guideline value of Ponniamman Nagar Salai has changed

The guideline value for Ponniamman Nagar Salai has undergone several revisions over the years. The 2017 revision set the value at Rs 737 per sq.ft, which increased to Rs 1,100 per sq.ft in the 2023 revision, marking a significant rise of 49%. The latest revision in 2024 has further increased the value to Rs 1,200 per sq.ft, reflecting a 9% change from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 63%. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

Guideline values in 44.Ayanambakkam

In 44.Ayanambakkam, there are 157 streets under the Konnur SRO that carry a 2024 guideline value ranging from Rs 801 to Rs 9,702 per sq.ft. The median value for these streets is Rs 1,300 per sq.ft, placing Ponniamman Nagar Salai's 2024 figure below that median.

• Ponniamman nagar Ist Cross Street: Rs 1,200 per sq.ft (2024)
• Ponniamman nagar 5st Cross Street: Rs 1,200 per sq.ft (2024)
• Ponniamman nagar 4st Cross Street: Rs 1,200 per sq.ft (2024)
• Ponniamman nagar 3st Cross Street: Rs 1,200 per sq.ft (2024)
• Ponniamman nagar 2st Cross Street: Rs 1,200 per sq.ft (2024)
• Ponniamman Nagar: Rs 1,200 per sq.ft (2024)

Stamp duty and registration fee for property in Ponniamman Nagar Salai

For a 1,000 sq.ft plot at the current guideline value of Rs 1,200 per sq.ft, the total guideline value would be Rs 12,00,000. The stamp duty at 7% would amount to Rs 84,000, and the registration fee at 2% would be Rs 24,000, bringing the total fees to Rs 1,08,000. 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 Nagar Salai?

The Sub Registrar Office that covers Ponniamman Nagar Salai is the Konnur Sub Registrar Office, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. You can find your SRO for more details.

How the guideline value is used when you buy or sell in 44.Ayanambakkam

The guideline value is a critical factor during property transactions in 44.Ayanambakkam, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices to ensure compliance with registration requirements.

At the time of registration, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Ponniamman Nagar Salai?

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

How much has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 737 per sq.ft to Rs 1,200 per sq.ft in 2024, marking an overall increase of 63%.

What is the land classification of Ponniamman Nagar Salai?

Ponniamman Nagar Salai is classified as Residential Class II Type - II, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Ponniamman Nagar Salai?

The Konnur Sub Registrar Office covers Ponniamman Nagar Salai and is located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price of the property. For example, on a property valued at Rs 12,00,000, the stamp duty would be Rs 84,000 and the registration fee would be Rs 24,000.