Guideline Value for Ponniyamman koil Street

Ponniyamman koil Street guideline value

The current guideline value of Ponniyamman koil Street is Rs 2,450 per sq.ft, effective from 1 July 2024. This street is located in Moulivakkam village, under the Kunrathur SRO, and is classified as Residential Special Type - I.

How the guideline value of Ponniyamman koil Street has changed

Over the years, the guideline value of Ponniyamman koil Street has seen significant changes. In 2003, the value was Rs 137 per sq.ft, which increased to Rs 500 per sq.ft in 2007. The value then rose dramatically to Rs 2,200 per sq.ft in 2012, before dropping to Rs 1,474 per sq.ft in 2017. The value saw a substantial increase to Rs 2,200 per sq.ft in 2023, and currently stands at Rs 2,450 per sq.ft as per the 2024 revision.

The changes between the revisions are notable. From 2017 to 2023, there was a 49% increase, while the jump from 2023 to 2024 is 11%. The period from 2007 to 2012 saw a remarkable increase of 340%, and from 2003 to 2007, the value increased by 265%. Overall, from 2003 to 2024, there has been an increase of 1688%. The register does not have a figure for the year 2002 for this street.

Guideline values in Moulivakkam

In Moulivakkam, there are 44 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 2,000 to Rs 3,900 per sq.ft, with the median being Rs 2,450 per sq.ft. Ponniyamman koil Street's 2024 figure is equal to this median.

• Porur - Kundrathur Road: Rs 2,650 per sq.ft (2024)
• Pillaiyar Koil Street: Rs 2,450 per sq.ft (2024)
• Perumal Koil Street: Rs 2,450 per sq.ft (2024)
• Rajagopalapuram Avenue: Rs 2,650 per sq.ft (2024)
• Rajagopal Avenue: Rs 2,450 per sq.ft (2024)
• Rajalakshmi Nagar: Rs 2,450 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 2,450 per sq.ft, the total guideline value amounts to Rs 24,50,000. The stamp duty at 7% would be Rs 1,71,500, and the registration fee at 2% would be Rs 49,000, bringing the total fees together to Rs 2,20,500. 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 accurate calculations.

Which Sub Registrar Office covers Ponniyamman koil Street?

The Sub Registrar Office that covers Ponniyamman koil Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. For more information, you can find your SRO.

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

The guideline value is a crucial factor in property transactions in Moulivakkam. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees, which are mandatory costs associated with property transactions. This ensures that the transaction is recorded accurately and legally within the registration framework.

It is essential for buyers and sellers to be aware of the current guideline value as it directly impacts the financial obligations during the registration process. The guideline value serves as a benchmark for assessing property transactions and is regularly updated to reflect changes in the real estate market.

Frequently asked questions

What is the current guideline value of Ponniyamman koil Street?

The current guideline value of Ponniyamman koil Street is Rs 2,450 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 137 per sq.ft in 2003 to Rs 2,450 per sq.ft in 2024, with various revisions in between reflecting substantial increases and decreases.

What is the land classification for Ponniyamman koil Street?

Ponniyamman koil Street is classified as Residential Special Type - I under the guideline value register.

Where can I find information about the registration office for Ponniyamman koil Street?

The registration office for Ponniyamman koil Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is the stamp duty calculated for property in Ponniyamman koil Street?

The stamp duty is calculated based on the higher of the guideline value or the sale price. For example, on a property valued at Rs 24,50,000, the stamp duty would be Rs 1,71,500 at a rate of 7%.