Guideline Value for Ponniyamman Koil Street

Ponniyamman Koil Street guideline value

The current guideline value of Ponniyamman Koil Street is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Nanmangalam village and falls under the Pallavaram SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Ponniyamman Koil Street has changed

The guideline value for Ponniyamman Koil Street has seen several revisions over the years. In 2002, the guideline value was Rs 55 per sq.ft, which increased to Rs 84 per sq.ft in 2003. Following this, there was a significant rise to Rs 300 per sq.ft in 2007, and the value jumped dramatically to Rs 2,500 per sq.ft in 2012. However, it decreased to Rs 1,675 per sq.ft in 2017. The value then rose to Rs 2,500 per sq.ft in 2023, and finally, it reached Rs 2,750 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 4,900%. The register has no figure for this street for the years not mentioned in the revisions above.

Guideline values in Nanmangalam

Nanmangalam village has 139 streets under the Pallavaram SRO that carry a 2024 guideline value ranging from Rs 1,960 to Rs 3,850 per sq.ft. The median guideline value for these streets is Rs 2,750 per sq.ft, which is the same as the current value for Ponniyamman Koil Street.

• Ponniamman Koil 1 To 3 Streets: Rs 2,750 per sq.ft (2024)
• Pilliyar Koil Street: Rs 2,750 per sq.ft (2024)
• Pillaiyar Koil Street (Part): Rs 2,750 per sq.ft (2024)
• Prp Nagar: Rs 1,960 per sq.ft (2024)
• Perumal Salai: Rs 2,750 per sq.ft (2024)
• Perumal Nagar: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Ponniyamman Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value would be Rs 27,50,000. The stamp duty at 7% would amount to Rs 1,92,500, and the registration fee at 2% would be Rs 55,000. Together, these fees would total Rs 2,47,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ponniyamman Koil Street?

The Sub Registrar Office that covers Ponniyamman Koil Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is an essential factor when buying or selling property in Nanmangalam. It serves as a benchmark for determining the stamp duty and registration fees applicable during the transaction. Buyers and sellers must consider this value to ensure compliance with local regulations.

When a property is registered, the guideline value is used to calculate various fees, which can significantly impact the overall cost of the transaction. It is crucial for both parties to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Ponniyamman Koil Street?

The current guideline value of Ponniyamman Koil Street is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed multiple times from Rs 55 per sq.ft in 2002 to Rs 2,750 per sq.ft in 2024, reflecting a significant increase over the years.

What is the land classification for Ponniyamman Koil Street?

Ponniyamman Koil Street is classified as Residential Class I Type - I, indicating its suitability for residential development.

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

For a property valued at Rs 27,50,000, the stamp duty would be Rs 1,92,500, and the registration fee would be Rs 55,000, totaling Rs 2,47,500.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office for Ponniyamman Koil Street is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.