Guideline Value for Ponnusamy Street

Ponnusamy Street guideline value

The current guideline value of Ponnusamy Street in Ullagaram village is Rs 2,800 per sq.ft, effective from 1 July 2024. This street falls under the Alandur SRO and is classified as Residential Class II Type - I.

How the guideline value of Ponnusamy Street has changed

The guideline value for Ponnusamy Street has seen several revisions over the years. In 2002, the value was Rs 187 per sq.ft, which increased to Rs 210 per sq.ft in 2003. Following this, the value rose significantly to Rs 1,000 per sq.ft in 2007, and then to Rs 2,500 per sq.ft in 2012. However, it decreased to Rs 1,675 per sq.ft in 2017. The value then increased to Rs 2,500 per sq.ft in 2023, and currently stands at Rs 2,800 per sq.ft as of the 2024 revision.

Examining the changes between revisions, the value increased by 12% from 2023 to 2024. There was a notable increase of 49% from 2017 to 2023. The value decreased by 33% from 2012 to 2017, while it rose by 150% from 2007 to 2012. The increase from 2003 to 2007 was a substantial 376%, and from 2002 to 2003, it was 12%. Overall, from 2002 to 2024, the guideline value has increased by 1397%.

Guideline values in Ullagaram

In Ullagaram, there are 298 streets under the Alandur SRO that carry a 2024 guideline value ranging from Rs 1,700 to Rs 5,500 per sq.ft, with the median being Rs 2,800 per sq.ft. Ponnusamy Street's 2024 guideline value matches this median.

• Ponnappan Street: Rs 2,800 per sq.ft (2024)
• Porcheliyan Street: Rs 2,800 per sq.ft (2024)
• Perumal Nagar Main Road: Rs 3,900 per sq.ft (2024)
• Perumal Nagar 3rd Street: Rs 2,800 per sq.ft (2024)
• Perumal Nagar 2nd Street: Rs 2,800 per sq.ft (2024)
• Perumal Nagar: Rs 2,800 per sq.ft (2024)

Stamp duty and registration fee for property in Ponnusamy Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,800 per sq.ft, the total guideline value amounts to Rs 28,00,000. The stamp duty at 7% would be Rs 1,96,000, and the registration fee at 2% would be Rs 56,000, bringing the total cost to Rs 2,52,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ponnusamy Street?

The Sub Registrar Office that covers Ponnusamy 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 further assistance.

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

The guideline value is a crucial factor when buying or selling property in Ullagaram. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction. Buyers and sellers should be aware that the guideline value can influence the overall cost of property transactions.

When registering a property, the guideline value is used to calculate the applicable fees, ensuring compliance with local regulations. It is essential for both buyers and sellers to understand the guideline value to avoid any unexpected costs during the registration process.

Frequently asked questions

What is the current guideline value of Ponnusamy Street?

The current guideline value of Ponnusamy Street is Rs 2,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 187 per sq.ft in 2002 to Rs 2,800 per sq.ft in 2024, reflecting a significant increase over the years.

What is the land classification of Ponnusamy Street?

Ponnusamy Street is classified as Residential Class II Type - I under the Alandur SRO.

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

For a property valued at Rs 28,00,000, the stamp duty would be Rs 1,96,000 and the registration fee would be Rs 56,000, totaling Rs 2,52,000.

Where is the Sub Registrar Office for Ponnusamy Street located?

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