Guideline Value for Ponniamman Nagar

Ponniamman Nagar guideline value

The current guideline value of Ponniamman Nagar is Rs 1,650 per sq.ft, effective from 1 July 2024. This area is located in Chitlapakkam village under the Tambaram Joint 1 SRO, classified as Residential Class I Type - III.

How the guideline value of Ponniamman Nagar has changed

The guideline value for Ponniamman Nagar has seen several revisions over the years. In 2012, the guideline value was set at Rs 1,500 per sq.ft. This figure remained until the 2017 revision, where it dropped to Rs 1,005 per sq.ft, reflecting a decrease of 33%. However, the value rebounded significantly in the following revisions, reaching Rs 1,500 per sq.ft in 2023 and increasing to Rs 1,650 per sq.ft in the 2024 revision, which is a 10% increase from the previous year.

Between 2017 and 2023, the guideline value increased by 49%. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. The register does not provide figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Chitlapakkam

In Chitlapakkam, there are 548 streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 8,800 per sq.ft. The median guideline value for these streets is Rs 1,650 per sq.ft, which is equal to the current guideline value of Ponniamman Nagar.

• Ponniamman NagarExt 1: Rs 1,650 per sq.ft (2024)
• Ponniamman Nagar Ext-II: Rs 1,650 per sq.ft (2024)
• Ponniamman Street: Rs 1,650 per sq.ft (2024)
• Poombuhar Street: Rs 2,750 per sq.ft (2024)
• Pishmar Street: Rs 1,650 per sq.ft (2024)
• Pirathip Avenue(Kalyanasundharam street): Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Ponniamman Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value amounts to Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, totaling Rs 1,48,500. It is important to note that the 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?

The Sub Registrar Office that covers Ponniamman Nagar is the Tambaram Joint 1 Sub Registrar Office, located at No.26, mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Chitlapakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of property.

Frequently asked questions

What is the current guideline value of Ponniamman Nagar?

The current guideline value of Ponniamman Nagar is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value of Ponniamman Nagar changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then increased to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,650 per sq.ft in 2024.

What is the land classification of Ponniamman Nagar?

Ponniamman Nagar is classified as Residential Class I Type - III, indicating its suitability for residential purposes.

What other streets have the same guideline value in Chitlapakkam?

Other streets in Chitlapakkam with the same guideline value of Rs 1,650 per sq.ft include Ponniamman NagarExt 1, Ponniamman Nagar Ext-II, Ponniamman Street, Pishmar Street, and Pirathip Avenue (Kalyanasundharam street).

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

The Tambaram Joint 1 Sub Registrar Office covers Ponniamman Nagar and is located at No.26, mes Road, East Tambaram, Chennai-600059.