Guideline Value for Ponnuvel Puram 4th Street

Ponnuvel Puram 4th Street guideline value

The current guideline value of Ponnuvel Puram 4th Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Chinna Sembaram Bakkam village, under the Sembiam SRO, and is classified as Residential Class III Type - I.

How the guideline value of Ponnuvel Puram 4th Street has changed

The guideline value for Ponnuvel Puram 4th Street has seen several revisions over the years. In 2003, the value was Rs 303 per sq.ft, which increased to Rs 400 per sq.ft in 2007. Following this, a significant jump occurred in 2012, bringing the value to Rs 1,000 per sq.ft. However, this was followed by a decrease to Rs 670 per sq.ft in 2017. The 2023 revision set the value at Rs 1,000 per sq.ft, and the most recent revision in 2024 raised it to Rs 1,100 per sq.ft. The register has no figure for this street in 2002.

From the 2017 revision to 2023, there was a notable increase of 49%. The transition from 2012 to 2017 saw a decrease of 33%. The value surged by 150% from 2007 to 2012, and there was a 32% increase from 2003 to 2007. Overall, from 2003 to 2024, the guideline value has increased by 263%.

Guideline values in Chinna Sembaram Bakkam

In Chinna Sembaram Bakkam, 37 streets under the Sembiam SRO have a 2024 guideline value ranging from Rs 1,100 to Rs 2,700 per sq.ft, with a median value of Rs 1,400 per sq.ft. Ponnuvel Puram 4th Street's current guideline value is below this median.

• Ponnuvel Puram 1st Street: Rs 1,100 per sq.ft (2024)
• Ponnuvel Puram 2nd Street: Rs 1,100 per sq.ft (2024)
• Ponnuvel Puram 3rd Street: Rs 1,100 per sq.ft (2024)
• Ponnuvel Puram 5th Street: Rs 1,100 per sq.ft (2024)
• Ponnusamy Street: Rs 1,100 per sq.ft (2024)
• Pilkinstan Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Ponnuvel Puram 4th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, making the total fees Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ponnuvel Puram 4th Street?

The Sub Registrar Office that covers Ponnuvel Puram 4th Street is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Chinna Sembaram Bakkam

The guideline value is a crucial factor in property transactions, as it determines the minimum value at which a property can be registered. When buying or selling property in Chinna Sembaram Bakkam, the guideline value helps in calculating the stamp duty and registration fees that need to be paid at the time of registration.

It is essential for buyers and sellers to be aware of the current guideline value to ensure compliance with local regulations. This value is regularly updated to reflect changes in the real estate market and is used by the Registration Department to assess property transactions.

Frequently asked questions

What is the current guideline value of Ponnuvel Puram 4th Street?

The current guideline value of Ponnuvel Puram 4th Street is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 303 per sq.ft in 2003 to Rs 1,100 per sq.ft in 2024, with various increases and decreases in between.

What is the registration office for Ponnuvel Puram 4th Street?

The registration office for Ponnuvel Puram 4th Street is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011.

What is the median guideline value in Chinna Sembaram Bakkam?

The median guideline value in Chinna Sembaram Bakkam is Rs 1,400 per sq.ft, while Ponnuvel Puram 4th Street's value is below this median.

How is stamp duty calculated for properties in Ponnuvel Puram 4th Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, on a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000 at 7%.