Guideline Value for Ponniamman Nagar

Ponniamman Nagar guideline value

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

How the guideline value of Ponniamman Nagar has changed

In the 2017 revision, the guideline value was Rs 737 per sq.ft. This figure increased to Rs 1,100 per sq.ft in the 2023 revision, reflecting a 49% rise. The most recent revision in 2024 has set the guideline value at Rs 1,200 per sq.ft, marking a 9% increase from the previous year.

Overall, from 2017 to 2024, there has been a significant increase of 63% in the guideline value. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in 44.Ayanambakkam

In 44.Ayanambakkam, there are 157 streets under the Konnur SRO with 2024 guideline values ranging from Rs 801 to Rs 9,702 per sq.ft. The median guideline value for these streets is Rs 1,300 per sq.ft, indicating that Ponniamman Nagar's current value is below this median.

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

Stamp duty and registration fee for property in Ponniamman Nagar

For a 1,000 sq.ft plot at the current rate of Rs 1,200 per sq.ft, the 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, totaling 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. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ponniamman Nagar?

Ponniamman Nagar falls under the Konnur Sub Registrar Office, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in 44.Ayanambakkam. It helps determine the stamp duty and registration fees that buyers and sellers must pay when completing a sale.

When a property is registered, the guideline value is used to assess the charges, ensuring that the transaction is documented accurately and in accordance with local regulations. This process is essential for maintaining transparency and legality in property dealings.

Frequently asked questions

What is the current guideline value of Ponniamman Nagar?

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

How has the guideline value changed over the years?

The guideline value has seen several changes: from Rs 737 per sq.ft in 2017 to Rs 1,100 per sq.ft in 2023, and then to Rs 1,200 per sq.ft in 2024. This represents an overall increase of 63% from 2017 to 2024.

What are the guideline values for other streets in 44.Ayanambakkam?

Other streets in 44.Ayanambakkam have a guideline value of Rs 1,200 per sq.ft in 2024. This includes Ponniamman Nagar 2st, 3st, 4st, 5st Cross Streets, Ist Cross Street, and Ponniamman Nagar Salai.

How is stamp duty calculated in Ponniamman Nagar?

Stamp duty in Ponniamman Nagar is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 1,200 per sq.ft, the total guideline value would be Rs 12,00,000.

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

The Konnur Sub Registrar Office covers Ponniamman Nagar, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. You can find more information about your SRO online.