Guideline Value for Ponniyamman Koil Street

Ponniyamman Koil Street guideline value

The current guideline value of Ponniyamman Koil Street is Rs 2,160 per sq.ft, effective from 1 July 2024. This street is located in Zaminpallavaram village under the Pallavaram SRO, and it falls under the Residential Class III Type - I land classification.

How the guideline value of Ponniyamman Koil Street has changed

The guideline value for Ponniyamman Koil Street has undergone several revisions over the years. The earliest recorded figure is from 2003, where the value was Rs 110 per sq.ft. This increased significantly to Rs 600 per sq.ft in 2007, marking a change of +445%. The value then rose to Rs 2,000 per sq.ft in 2012, reflecting a substantial increase of +233%. However, between 2012 and 2017, the value decreased to Rs 1,340 per sq.ft, showing a decline of -33%. The most recent revision in 2024 set the guideline value at Rs 2,160 per sq.ft, which is an increase of +61% from the 2017 figure. There are no figures available for the years 2023 and 2002 in the register for this street.

Guideline values in Zaminpallavaram

Zaminpallavaram has a total of 638 streets under the Pallavaram SRO that carry a 2024 guideline value, ranging from Rs 2,100 to Rs 11,000 per sq.ft. The median value for these streets is Rs 3,300 per sq.ft, placing Ponniyamman Koil Street's 2024 figure below that median.

• P.M.Gopal Street: Rs 3,300 per sq.ft (2024)
• Pillaiyar Koil Street (Near Zamin Royapettai odai street): Rs 4,400 per sq.ft (2024)
• Pillaiyar Koil Street (Near Zamin Royapettah Kuruji Nagar): Rs 4,400 per sq.ft (2024)
• Pillaiyar Koil Street (Near Pachaiyappan Colony): Rs 4,400 per sq.ft (2024)
• Pillaiyar Koil Street (Near Bramin St): Rs 4,400 per sq.ft (2024)
• Pillaiyar Koil Street: Rs 4,400 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 rate of Rs 2,160 per sq.ft, the guideline value amounts to Rs 21,60,000. The stamp duty at 7% would be Rs 1,51,200, and the registration fee at 2% would be Rs 43,200, making the total Rs 1,94,400. It is important to note that 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 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 information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Zaminpallavaram. It serves as a benchmark for determining the value of the property for taxation purposes, ensuring that the appropriate stamp duty and registration fees are applied based on the guideline value or the sale price, whichever is higher.

When a property transaction occurs, the guideline value helps in assessing the fair value of the property, thus facilitating a transparent process for both buyers and sellers. It is essential for all parties involved to be aware of the current guideline value to ensure compliance with legal and financial obligations during the transaction.

Frequently asked questions

What is the current guideline value of Ponniyamman Koil Street?

The current guideline value of Ponniyamman Koil Street is Rs 2,160 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 110 per sq.ft in 2003 to Rs 2,160 per sq.ft in 2024, reflecting an overall increase of +1864% over this period.

What is the land classification for Ponniyamman Koil Street?

Ponniyamman Koil Street is classified as Residential Class III Type - I according to the land classification regulations.

Where can I find the registration office for Ponniyamman Koil Street?

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

How is stamp duty calculated for properties in Ponniyamman Koil Street?

Stamp duty for properties in Ponniyamman Koil Street is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees would amount to Rs 1,94,400.