Guideline Value for Ponniyamman Koil Street

Ponniyamman Koil Street guideline value

The current guideline value of Ponniyamman Koil Street is Rs 3,900 per sq.ft, effective from 1 July 2024. This street is located in Adambakkam village, under the jurisdiction of the Alandur SRO, and is classified as Residential Class I Type - III.

How the guideline value of Ponniyamman Koil Street has changed

The guideline value for Ponniyamman Koil Street has undergone several revisions over the years. In 2002, the value was Rs 307 per sq.ft, which increased to Rs 350 per sq.ft in 2003, marking a 14% rise. The value saw a significant jump to Rs 976 per sq.ft in 2007, representing a 179% increase. In 2012, the value was recorded at Rs 3,500 per sq.ft, reflecting a 259% rise from the previous revision. However, this figure dropped to Rs 2,345 per sq.ft in 2017, a decrease of 33% from 2012. The value then increased to Rs 3,500 per sq.ft in 2023, followed by a further increase to the current rate of Rs 3,900 per sq.ft in 2024, which is an 11% rise from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 1,170%. There are no revisions with figures missing for this street.

Guideline values in Adambakkam

In Adambakkam, there are 569 streets under the Alandur SRO that carry a 2024 guideline value ranging from Rs 2,800 to Rs 11,000 per sq.ft, with the median being Rs 3,900 per sq.ft. Ponniyamman Koil Street's 2024 figure is equal to this median.

• Ponniyamman Koil Lane: Rs 3,900 per sq.ft (2024)
• Pillaiyar Koil Street: Rs 3,900 per sq.ft (2024)
• Pichan Street: Rs 5,000 per sq.ft (2024)
• Pudhupettai Street: Rs 5,000 per sq.ft (2024)
• Pushpavalli Street: Rs 3,900 per sq.ft (2024)
• Periyar Street: Rs 2,800 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 3,900 per sq.ft, the total guideline value would be Rs 39,00,000. The stamp duty at 7% would amount to Rs 2,73,000, and the registration fee at 2% would be Rs 78,000, bringing the total to Rs 3,51,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for further details.

Which Sub Registrar Office covers Ponniyamman Koil Street?

The Sub Registrar Office that covers Ponniyamman Koil Street is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Adambakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue based on the property's assessed value.

Frequently asked questions

What is the current guideline value of Ponniyamman Koil Street?

The current guideline value of Ponniyamman Koil Street is Rs 3,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 307 per sq.ft in 2002 to Rs 3,900 per sq.ft in 2024, showing an overall increase of 1,170% over the years.

What is the stamp duty for property in Ponniyamman Koil Street?

The stamp duty for property in Ponniyamman Koil Street is calculated at 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Ponniyamman Koil Street located?

The Sub Registrar Office for Ponniyamman Koil Street is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

What are the other streets in Adambakkam with similar guideline values?

Other streets in Adambakkam, such as Ponniyamman Koil Lane, Pillaiyar Koil Street, and Pushpavalli Street, also have a guideline value of Rs 3,900 per sq.ft for 2024.