Guideline Value for Ponniyamman Koil Street

Ponniyamman Koil Street guideline value

The current guideline value of Ponniyamman Koil Street is Rs 1,600 per sq.ft, effective from 1 July 2024. This street is located in Thirumullaivoyal village, under the Ambattur SRO, and 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 seen several revisions over the years. In 2007, the value was Rs 200 per sq.ft, which increased significantly to Rs 1,500 per sq.ft in 2012, marking a rise of 650%. However, from 2012 to 2017, the value decreased to Rs 1,005 per sq.ft, a decline of 33%. The value then rose to Rs 1,500 per sq.ft in 2023, reflecting a 49% increase. The latest revision in 2024 has set the guideline value at Rs 1,600 per sq.ft, representing a 7% increase from the previous year.

It is important to note that there are no figures available for the revisions in 2002 and 2003 for Ponniyamman Koil Street. Overall, from 2007 to 2024, the guideline value has increased by 700%.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are 975 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 880 to Rs 5,500 per sq.ft, with a median value of Rs 2,400 per sq.ft. The guideline value of Ponniyamman Koil Street is below this median.

• Power Line Road: Rs 2,400 per sq.ft (2024)
• Prabhavathi Nagar: Rs 1,500 per sq.ft (2024)
• Pillaiyar Koil Street (Cholambedu): Rs 1,600 per sq.ft (2024)
• Pillaiyar Koil Street (Annanoor): Rs 1,600 per sq.ft (2024)
• Prasakam Street (Senthil Nagar): Rs 2,700 per sq.ft (2024)
• Prasana Venkateswara Street: Rs 1,600 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 1,600 per sq.ft, the total guideline value amounts to Rs 16,00,000. The stamp duty at 7% would be Rs 1,12,000, while the registration fee at 2% would be Rs 32,000, totaling Rs 1,44,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can also use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Ponniyamman Koil Street?

The Sub Registrar Office that covers Ponniyamman Koil Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor during the registration of properties in Thirumullaivoyal. It serves as a benchmark for determining the minimum value of a property for registration purposes, ensuring that the property is not undervalued.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees. This ensures transparency in property transactions and helps maintain a standard valuation across the region.

Frequently asked questions

What is the current guideline value of Ponniyamman Koil Street?

The current guideline value of Ponniyamman Koil Street is Rs 1,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2007 to Rs 1,600 per sq.ft in 2024, reflecting an overall increase of 700% over the years.

What is the median guideline value in Thirumullaivoyal?

The median guideline value in Thirumullaivoyal is Rs 2,400 per sq.ft, while Ponniyamman Koil Street's value is below this median.

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

For a property valued at Rs 16,00,000, the stamp duty would be Rs 1,12,000 and the registration fee would be Rs 32,000, totaling Rs 1,44,000.

Which office handles property registrations for Ponniyamman Koil Street?

The Ambattur Sub Registrar Office handles property registrations for Ponniyamman Koil Street, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.