Guideline Value for Ponniyamman Koil street

Ponniyamman Koil street guideline value

The current guideline value of Ponniyamman Koil street is Rs 6,000 per sq.ft, effective from 1 July 2024. This street is located in Vepery village under the Periamet 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. The earliest recorded figure is from 2007, where the value was Rs 3,000 per sq.ft. This increased to Rs 5,500 per sq.ft in 2012, marking an increase of 83%. However, from 2012 to 2017, the value decreased to Rs 3,685 per sq.ft, a decline of 33%. Following this, the value rose significantly to Rs 5,500 per sq.ft in 2023, reflecting a 49% increase. The most recent revision in 2024 has set the guideline value at Rs 6,000 per sq.ft, which is a 9% increase from the previous year.

There are no recorded figures for Ponniyamman Koil street in the years 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 100%.

Guideline values in Vepery

In Vepery village, there are 290 streets under the Periamet SRO that have a 2024 guideline value ranging from Rs 2,200 to Rs 22,000 per sq.ft. The median value for these streets is Rs 4,800 per sq.ft, making Ponniyamman Koil street's 2024 figure above that median.

• Poonamallee High Road: Rs 18,100 per sq.ft (2024)
• Poonappanstreet: Rs 6,000 per sq.ft (2024)
• Polu Naickenstreet: Rs 6,000 per sq.ft (2024)
• Pooram Prakasa Rao 2nd street: Rs 4,800 per sq.ft (2024)
• Pooram Prakasa Rao colony: Rs 4,800 per sq.ft (2024)
• Pooramrakasa Rao 1st street: Rs 6,000 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 6,000 per sq.ft, the total guideline value amounts to Rs 60,00,000. The stamp duty at 7% would be Rs 4,20,000, and the registration fee at 2% would be Rs 1,20,000, bringing the total fees to Rs 5,40,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. For more information, 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 Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. You can find your SRO for more assistance.

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

The guideline value is a crucial factor when registering property transactions in Vepery. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction process.

Frequently asked questions

What is the current guideline value of Ponniyamman Koil street?

The current guideline value of Ponniyamman Koil street is Rs 6,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,000 per sq.ft in 2007 to Rs 6,000 per sq.ft in 2024, reflecting an overall increase of 100% over the years.

What is the land classification for Ponniyamman Koil street?

Ponniyamman Koil street is classified as Residential Class II Type - I under the guideline value register.

Where can I find the Sub Registrar Office for Ponniyamman Koil street?

The Sub Registrar Office for Ponniyamman Koil street is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003.

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

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a plot of 1,000 sq.ft at the current rate, the total fees would amount to Rs 5,40,000.