Guideline Value for Ponniyamman Koil Street

Ponniyamman Koil Street guideline value

The current guideline value of Ponniyamman Koil Street is Rs 2,420 per sq.ft, effective from 1 July 2024. This street is located in Adayalampattu village under the Chennai South Joint II SRO, classified as Residential Class I Type - II.

How the guideline value of Ponniyamman Koil Street has changed

The guideline value for Ponniyamman Koil Street has seen several revisions over the years. The 2012 revision set the value at Rs 2,200 per sq.ft, which was a decrease of 33% from the 2017 revision of Rs 1,474 per sq.ft. However, the value increased to Rs 2,200 per sq.ft in the 2023 revision, marking a significant rise of 49% from 2017. The most recent revision in 2024 has further increased the guideline value to Rs 2,420 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Adayalampattu

Adayalampattu has 19 streets under the Chennai South Joint II SRO, with guideline values ranging from Rs 1,650 to Rs 3,850 per sq.ft. The median value for these streets is Rs 2,420 per sq.ft, which is equal to the current guideline value of Ponniyamman Koil Street.

• Perumal Koil Street: Rs 2,420 per sq.ft (2024)
• Panajsalai Street: Rs 2,420 per sq.ft (2024)
• Padasalai Street (1-5 st): Rs 2,200 per sq.ft (2024)
• Millinium Town Road: Rs 3,300 per sq.ft (2024)
• Metro Royal City: Rs 3,300 per sq.ft (2024)
• Sky City: 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 2,420 per sq.ft, the total guideline value amounts to Rs 24,20,000. The stamp duty at 7% would be Rs 1,69,400, and the registration fee at 2% would be Rs 48,400, bringing the total costs together to Rs 2,17,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Ponniyamman Koil Street?

The Sub Registrar Office that covers Ponniyamman Koil Street is the Chennai South Joint II Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find your SRO for more information.

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

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

When a property is sold, the guideline value is used to calculate the applicable fees, ensuring that the transaction complies with local regulations. Buyers and sellers should be aware of the current guideline value to accurately assess their financial obligations 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 2,420 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,200 per sq.ft in 2023 to Rs 2,420 per sq.ft in 2024. It was Rs 1,474 per sq.ft in 2017 and Rs 2,200 per sq.ft in 2012, reflecting various increases and decreases over the years.

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

For a property valued at Rs 24,20,000, the stamp duty would be Rs 1,69,400 and the registration fee would be Rs 48,400, totaling Rs 2,17,800.

Which Sub Registrar Office covers Adayalampattu?

The Chennai South Joint II Sub Registrar Office covers Adayalampattu, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.

What is the median guideline value for streets in Adayalampattu?

The median guideline value for streets in Adayalampattu is Rs 2,420 per sq.ft, which is the same as the current guideline value for Ponniyamman Koil Street.