Guideline Value

Corporate

Guideline Value for R.C.MODERN CITY

₹400/sq.ft.

The guideline value for R.c.modern City in Thachoor village (Ponneri SRO, Chennai zone) is Rs 400 per sq.ft, effective 1 July 2024. It was Rs 150 per sq.ft from 1 April 2023, a 167% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Thachoor

Village

Ponneri

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹400 /sq.ft.
From 1-4-2023 ₹150 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

9/5,taluk Office Road, Ponneri, Chennai-601204
044-27974517
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]

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R.C.Modern City guideline value

The current guideline value of R.C.Modern City is Rs 400 per sq.ft, effective from 1 July 2024. This area is located in Thachoor village, under the Ponneri SRO, and is classified as Residential Class II Type - I.

How the guideline value of R.C.Modern City has changed

In the 2023 revision, the guideline value for R.C.Modern City was Rs 150 per sq.ft. The most recent revision in 2024 increased this value significantly to Rs 400 per sq.ft, marking an increase of 167%. The register has no figures for the years 2002, 2003, 2007, 2012, and 2017 for this street.

The changes from the previous revisions highlight the substantial increase in the guideline value over the past year, reflecting a notable shift from Rs 150 in 2023 to Rs 400 in 2024.

Guideline values in Thachoor

In Thachoor, 17 streets under the Ponneri SRO have a 2024 guideline value ranging from Rs 300 to Rs 1,800 per sq.ft, with the median value being Rs 400 per sq.ft. R.C.Modern City's 2024 figure aligns with this median.

Stamp duty and registration fee for property in R.C.Modern City

For a 1,000 sq.ft plot at the current rate of Rs 400 per sq.ft, the guideline value would be Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, making the total Rs 36,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers R.C.Modern City?

The Sub Registrar Office that covers R.C.Modern City is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration process when buying or selling property in Thachoor. It serves as a basis for calculating stamp duty and registration fees, ensuring that the transaction is documented at a recognized value.

When a property is sold, the guideline value helps in determining the official price for registration purposes. This ensures transparency and compliance with local regulations, as the fees are calculated based on the higher of the guideline value or the sale price.

Frequently asked questions

What is the current guideline value of R.C.Modern City?

The current guideline value of R.C.Modern City is Rs 400 per sq.ft, effective from 1 July 2024.

How much did the guideline value change from 2023 to 2024?

The guideline value increased from Rs 150 per sq.ft in 2023 to Rs 400 per sq.ft in 2024, which is an increase of 167%.

What is the land classification for R.C.Modern City?

R.C.Modern City is classified as Residential Class II Type - I.

Where can I find the Ponneri Sub Registrar Office?

The Ponneri Sub Registrar Office is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.

How is the stamp duty calculated for properties in R.C.Modern City?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher, along with a registration fee of 2% of the guideline value.