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Guideline Value

Corporate

Guideline Value for Ponniamman nagar 5st Cross Street

₹1200/sq.ft.

The guideline value for Ponniamman Nagar 5st Cross Street in 44.ayanambakkam village (Konnur SRO, Chennai zone) is Rs 1200 per sq.ft, effective 1 July 2024. It was Rs 1100 per sq.ft from 1 April 2023, a 9% change. The land classification is Residential Class Ii Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

44.ayanambakkam

Village

Konnur

SRO

Residential Class II Type - II
History
Period Guideline Value
From 1-7-2024 ₹1200 /sq.ft.
From 1-4-2023 ₹1100 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹737 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Sub Register Office , Villivakkam Panchat,union Office Complex ,dunlop Bus Stop ,ambattur ,chennai
044-26173020
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Ponniamman Nagar 5st Cross Street

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Ponniamman nagar 5st Cross Street guideline value

The current guideline value of Ponniamman nagar 5st 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, and it falls under the Residential Class II Type - II land classification.

How the guideline value of Ponniamman nagar 5st Cross Street has changed

Over the years, the guideline value of Ponniamman nagar 5st Cross Street has seen significant changes. 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, marking a 49% rise. The current 2024 revision has further increased this value to Rs 1,200 per sq.ft, which is a 9% increase from the previous year.

There are no figures available for the revisions made in 2002, 2003, 2007, and 2012 for this street. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 63%.

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, indicating that the guideline value of Ponniamman nagar 5st Cross Street is below this median.

Stamp duty and registration fee for property in Ponniamman nagar 5st Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,200 per sq.ft, the total guideline value amounts to Rs 12,00,000. The stamp duty is charged at 7%, which totals Rs 84,000, and the registration fee at 2% amounts to Rs 24,000. Together, the stamp duty and registration fee total Rs 1,08,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ponniamman nagar 5st Cross Street?

The Sub Registrar Office covering Ponniamman nagar 5st Cross Street is the Konnur Sub Registrar Office, located at Sub Register Office, 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 an essential factor during the registration of property transactions in 44.Ayanambakkam. It serves as the minimum value on which stamp duty and registration fees are calculated, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, the guideline value helps determine the official value of the property, which must be adhered to during registration. This ensures transparency and fairness in property dealings within the region.

Frequently asked questions

What is the current guideline value of Ponniamman nagar 5st Cross Street?

The current guideline value of Ponniamman nagar 5st Cross Street is Rs 1,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

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

What are the stamp duty and registration fees for property transactions?

The stamp duty is charged at 7% of the guideline value, and the registration fee is charged at 2%. For a property valued at Rs 12,00,000, the total fees would amount to Rs 1,08,000.

Which office handles property registrations in this area?

The Konnur Sub Registrar Office handles property registrations for Ponniamman nagar 5st Cross Street, located at Sub Register Office, Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.

What is the median guideline value in 44.Ayanambakkam?

The median guideline value for streets in 44.Ayanambakkam is Rs 1,300 per sq.ft, which indicates that Ponniamman nagar 5st Cross Street's guideline value is below this median.