Guideline Value for Ponniamman nagar 4st Cross Street

Ponniamman nagar 4st Cross Street guideline value

The current guideline value of Ponniamman nagar 4st Cross Street is Rs 1,200 per sq.ft, effective from 1 July 2024. This street is located in 44.Ayanambakkam village under the Konnur SRO. The land classification for this area is Residential Class II Type - II.

How the guideline value of Ponniamman nagar 4st Cross Street has changed

The guideline value for Ponniamman nagar 4st Cross Street has seen several revisions over the years. The 2017 revision recorded a value of Rs 737 per sq.ft, which increased to Rs 1,100 per sq.ft in the 2023 revision. The current value of Rs 1,200 per sq.ft from the 2024 revision reflects a 9% increase from the previous year. Overall, from 2017 to 2024, 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. The substantial increase from 2017 to 2023 was 49%, indicating a significant change in the guideline value over these years.

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 4st Cross Street below the median at Rs 1,200 per sq.ft.

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

Stamp duty and registration fee for property in Ponniamman nagar 4st Cross Street

For a 1,000 sq.ft plot at the current rate of Rs 1,200 per sq.ft, the guideline value amounts to Rs 12,00,000. The stamp duty at 7% would be 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 the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Ponniamman nagar 4st Cross Street?

The Sub Registrar Office that covers Ponniamman nagar 4st Cross Street 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 crucial factor when registering properties in 44.Ayanambakkam. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value serves as a benchmark for both buyers and sellers. It helps in determining the fair price for transactions and ensures transparency in the registration process.

Frequently asked questions

What is the current guideline value of Ponniamman nagar 4st Cross Street?

The current guideline value of Ponniamman nagar 4st Cross Street 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 increased from Rs 737 per sq.ft in 2017 to Rs 1,200 per sq.ft in 2024, marking an overall increase of 63% over these years.

What are the stamp duty and registration fees for properties in this area?

For 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, totaling Rs 1,08,000.

Which Sub Registrar Office covers this street?

The Konnur Sub Registrar Office covers Ponniamman nagar 4st Cross Street, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.

What is the land classification for Ponniamman nagar 4st Cross Street?

The land classification for Ponniamman nagar 4st Cross Street is Residential Class II Type - II, indicating its suitability for residential purposes.