Guideline Value for Ponnuvel Thottam

Ponnuvel Thottam guideline value

The current guideline value of Ponnuvel Thottam is Rs 11,000 per sq.ft, effective from 1 July 2024. This street is located in Aminjikarai village, under the AnnaNagar SRO, and is classified as Residential Class I Type - II.

How the guideline value of Ponnuvel Thottam has changed

The guideline value for Ponnuvel Thottam has seen significant changes over the years. In 2002, the value was Rs 413 per sq.ft, which increased to Rs 1,000 per sq.ft in 2007. This was a remarkable increase of 142%. The value then surged to Rs 10,000 per sq.ft in 2012, marking a staggering 900% rise. However, it decreased to Rs 6,700 per sq.ft in 2017, reflecting a drop of 33%. The value rebounded to Rs 10,000 per sq.ft in 2023, before reaching the current figure of Rs 11,000 per sq.ft in the 2024 revision, a 10% increase from the previous year.

The register has no figure for Ponnuvel Thottam for the year 2003. Overall, from 2002 to 2024, the guideline value has increased by 2563%.

Guideline values in Aminjikarai

Aminjikarai village has a total of 99 streets under the AnnaNagar SRO that carry a 2024 guideline value ranging from Rs 3,300 to Rs 16,500 per sq.ft, with a median value of Rs 4,400 per sq.ft. The guideline value for Ponnuvel Thottam is above this median.

• Poonamallee High Road (Mangaliamman Koil to Sakywalk): Rs 16,500 per sq.ft (2024)
• Prasanna Vinayagar Koil Street: Rs 4,400 per sq.ft (2024)
• Pulla Avenue: Rs 16,500 per sq.ft (2024)
• Perumal Koil Street (Residential): Rs 4,400 per sq.ft (2024)
• Perumal Koil street: Rs 4,400 per sq.ft (2024)
• Rajammal Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Ponnuvel Thottam

For a 1,000 sq.ft plot at the current guideline value of Rs 11,000 per sq.ft, the total guideline value would be Rs 1,10,00,000. The stamp duty at 7% would amount to Rs 7,70,000, and the registration fee at 2% would be Rs 2,20,000, totaling Rs 9,90,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ponnuvel Thottam?

The Sub Registrar Office that covers Ponnuvel Thottam is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Aminjikarai. It is used to determine the stamp duty and registration fees that need to be paid during the transaction. Buyers and sellers must be aware of the current guideline value to ensure compliance with the registration requirements.

When a property is registered, the guideline value is considered the minimum value for the transaction. If the sale price is higher than the guideline value, the stamp duty will be calculated based on the sale price instead.

Frequently asked questions

What is the current guideline value for Ponnuvel Thottam?

The current guideline value for Ponnuvel Thottam is Rs 11,000 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 413 per sq.ft in 2002 to Rs 11,000 per sq.ft in 2024, with various fluctuations in between.

What is the registration office for Ponnuvel Thottam?

The registration office for Ponnuvel Thottam is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is stamp duty calculated for property in Ponnuvel Thottam?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the stamp duty would be Rs 7,70,000.

What other streets have guideline values in Aminjikarai?

Other streets in Aminjikarai include Poonamallee High Road, Prasanna Vinayagar Koil Street, Pulla Avenue, and several others, with guideline values ranging from Rs 4,400 to Rs 16,500 per sq.ft in 2024.