Guideline Value for Ponniamman street

Ponniamman street guideline value

The current guideline value of Ponniamman street is Rs 18,100 per sq.ft, effective from 1 July 2024. This street is located in Egmore village, under the Periamet SRO, and is classified as Commercial Special Type - II.

How the guideline value of Ponniamman street has changed

The guideline value for Ponniamman street has seen significant revisions over the years. In 2002, the guideline value was Rs 749 per sq.ft, which rose to Rs 826 per sq.ft in 2003, marking a 10% increase. By 2007, the value surged to Rs 4,200 per sq.ft, reflecting a substantial increase of 408%. The 2012 revision maintained the value at Rs 16,500 per sq.ft, a decrease of 33% from 2017's figure of Rs 11,055 per sq.ft. The 2023 revision saw the value rise to Rs 16,500 per sq.ft, and the latest 2024 revision has increased it to Rs 18,100 per sq.ft, a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 2317%. There are no figures available for the revisions in years other than those mentioned.

Guideline values in Egmore

In Egmore village, there are 465 streets under the Periamet SRO that carry a 2024 guideline value ranging from Rs 2,800 to Rs 22,000 per sq.ft. The median value for these streets is Rs 7,100 per sq.ft, and Ponniamman street's 2024 figure is above this median.

• Ponnappa Street: Rs 11,000 per sq.ft (2024)
• Ponnappan lane: Rs 11,000 per sq.ft (2024)
• Police Commissioner Office Salai: Rs 18,100 per sq.ft (2024)
• Poonamallee High road lane E.V.R. Lane: Rs 13,500 per sq.ft (2024)
• Poonamallee High road (or) E.V.R. Salai: Rs 18,100 per sq.ft (2024)
• Poosala Boopathy Nagar: Rs 7,100 per sq.ft (2024)

Stamp duty and registration fee for property in Ponniamman street

For a 1,000 sq.ft plot at the current guideline value of Rs 18,100 per sq.ft, the total guideline value amounts to Rs 1,81,00,000. The stamp duty at 7% would be Rs 12,67,000, and the registration fee at 2% would be Rs 3,62,000, bringing the total charges to Rs 16,29,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ponniamman street?

The Sub Registrar Office covering Ponniamman street is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. You can find your SRO for more details.

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

The guideline value plays a crucial role during the registration of property transactions in Egmore. It serves as a basis for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, it is essential to be aware of the guideline value, as it can affect the overall cost of the transaction. Buyers should ensure that they are informed about the current guideline value to avoid any surprises during the registration process.

Frequently asked questions

What is the current guideline value of Ponniamman street?

The current guideline value of Ponniamman street is Rs 18,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 749 per sq.ft in 2002 to Rs 18,100 per sq.ft in 2024, marking an overall increase of 2317% over the years.

What is the median guideline value of streets in Egmore?

The median guideline value for streets in Egmore is Rs 7,100 per sq.ft, with Ponniamman street's 2024 figure being above this median.

What are the stamp duty and registration fees for properties in Ponniamman street?

For a property valued at Rs 1,81,00,000, the stamp duty would be Rs 12,67,000 and the registration fee would be Rs 3,62,000, totaling Rs 16,29,000.

Where is the Sub Registrar Office for Ponniamman street located?

The Sub Registrar Office for Ponniamman street is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003.