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Guideline Value

Corporate

Guideline Value for Ponniyamman Koil Street

₹6600/sq.ft.

The guideline value for Ponniyamman Koil Street in Urur village (Adayar SRO, Chennai zone) is Rs 6600 per sq.ft, effective 1 July 2024. It was Rs 6000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Urur

Village

Adayar

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹6600 /sq.ft.
From 1-4-2023 ₹6000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹4020 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹6000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1750 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹505 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹427 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.161(71/6), L.b Road (dr.muthulakshmi Salai) Tnhb Building,third Floor,thiruvanmiyur,chennai-600041
044-24415011
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[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 Ponniyamman Koil Street

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Ponniyamman Koil Street guideline value

The current guideline value of Ponniyamman Koil Street is Rs 6,600 per sq.ft, effective from 1 July 2024. This street is located in Urur village under the Adayar SRO and is classified as Residential Class II 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 value was Rs 427 per sq.ft, which increased to Rs 505 per sq.ft in 2003. The value continued to rise significantly, reaching Rs 1,750 per sq.ft in 2007, followed by a decrease to Rs 6,000 per sq.ft in 2012. In 2017, it was revised to Rs 4,020 per sq.ft, and then it increased to Rs 6,000 per sq.ft in 2023. The latest revision in 2024 set the guideline value at Rs 6,600 per sq.ft.

In terms of percentage changes, from 2002 to 2024, the overall increase is a remarkable 1,446%. The most significant increase occurred from 2007 to 2012, with a rise of 243%. The value also saw a 49% increase from 2017 to 2023, while there was a decrease of 33% from 2012 to 2017. The latest change from 2023 to 2024 reflects a 10% increase.

Guideline values in Urur

In Urur village, there are 176 streets under the Adayar SRO that have a 2024 guideline value ranging from Rs 4,400 to Rs 15,400 per sq.ft. The median guideline value is Rs 6,600 per sq.ft, which is the same as the current value for Ponniyamman Koil Street.

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 6,600 per sq.ft, the total guideline value would be Rs 66,00,000. The stamp duty at 7% would amount to Rs 4,62,000, and the registration fee at 2% would be Rs 1,32,000, bringing the total to Rs 5,94,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating fees, 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 Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property transactions in Urur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold. Buyers and sellers must be aware of the current guideline value to ensure compliance with legal requirements during the registration process.

When a property is sold, the guideline value is used to calculate the applicable duties. If the sale price exceeds the guideline value, the higher amount is taken into account for duty calculations. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Ponniyamman Koil Street?

The current guideline value of Ponniyamman Koil Street is Rs 6,600 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 427 per sq.ft in 2002 to Rs 6,600 per sq.ft in 2024, showing an overall increase of 1,446% over the years.

What are the stamp duty and registration fees for property in Ponniyamman Koil Street?

The stamp duty for a property valued at Rs 66,00,000 is Rs 4,62,000, and the registration fee is Rs 1,32,000, totaling Rs 5,94,000.

Which Sub Registrar Office covers Ponniyamman Koil Street?

The Adayar Sub Registrar Office covers Ponniyamman Koil Street, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.

How does the guideline value affect property transactions in Urur?

The guideline value is used to calculate the stamp duty and registration fees during property transactions. It ensures that the appropriate duties are paid based on the higher of the guideline value or the sale price.