Guideline Value for RAILWAY STATION ROAD

Railway Station Road guideline value

The current guideline value of Railway Station Road in Ponneri_2 village, under the Ponneri SRO, is Rs 1,200 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - I.

How the guideline value of Railway Station Road has changed

The guideline value for Railway Station Road has seen several revisions over the years. The register does not provide figures for the years 2002, 2003, 2007, 2012, and 2017. The value was Rs 1,000 per sq.ft during the 2023 revision, which increased by 20% to Rs 1,200 per sq.ft in the 2024 revision.

This increase reflects a significant change in the guideline value, marking a rise from Rs 1,000 to Rs 1,200 per sq.ft. The current figure is above the median value of Rs 700 per sq.ft for the 75 streets in Ponneri_2 that have a 2024 guideline value.

Guideline values in Ponneri_2

In Ponneri_2, the guideline values vary across different streets. The 2024 figures range from Rs 700 to Rs 1,300 per sq.ft, with the median being Rs 700 per sq.ft. Railway Station Road's 2024 figure of Rs 1,200 per sq.ft is above this median.

• Rajam Nagar: Rs 1,300 per sq.ft (2024)
• Puliyan Thoppu: Rs 700 per sq.ft (2024)
• Pudhiya Theradi St: Rs 1,200 per sq.ft (2024)
• Raji Appartment: Rs 702 per sq.ft (2024)
• Poonthotham: Rs 700 per sq.ft (2024)
• Ramachanra Street: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Railway Station Road

For a 1,000 sq.ft plot at the current guideline value of Rs 1,200 per sq.ft, the total guideline value is Rs 12,00,000. The stamp duty at 7% would amount to Rs 84,000, while the registration fee at 2% would be Rs 24,000. Together, these fees total Rs 1,08,000. It is important to note that the 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 precise calculations based on your property transaction.

Which Sub Registrar Office covers Railway Station Road?

The Railway Station Road is covered by the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. For more information, you can find your SRO.

How the guideline value is used when you buy or sell in Ponneri_2

The guideline value plays a crucial role in property transactions in Ponneri_2. It is used to determine the stamp duty and registration fees applicable when buying or selling property. Buyers and sellers must be aware of the current guideline value to ensure compliance with local regulations.

When registering a property, the guideline value is considered, and the fees are calculated based on this value or the sale price, whichever is higher. This ensures that the transaction is recorded accurately and fairly within the legal framework.

Frequently asked questions

What is the current guideline value of Railway Station Road?

The current guideline value of Railway Station Road is Rs 1,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed in recent years?

In 2023, the guideline value was Rs 1,000 per sq.ft, which increased by 20% to Rs 1,200 per sq.ft in the 2024 revision.

What is the land classification for Railway Station Road?

The land classification for Railway Station Road is Residential Special Type - I.

Where is the Ponneri Sub Registrar Office located?

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

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 12,00,000, the stamp duty would be Rs 84,000 and the registration fee Rs 24,000, totaling Rs 1,08,000.