Guideline Value

Corporate

Guideline Value for S.P.E Mono City

₹1100/sq.ft.

The guideline value for S.p.e Mono City in Pidarithangal village (Poonamallee SRO, Chennai zone) is Rs 1100 per sq.ft, effective 1 July 2024. It was Rs 1000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Pidarithangal

Village

Poonamallee

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹1100 /sq.ft.
From 1-4-2023 ₹1000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹670 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1000 /sq.ft.
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)

No.332 U + 9cc Malma Nagar Poonallee Chennai - 600056
044-26494966
[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]
Records for a plot on S.p.e Mono City

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S.P.E Mono City guideline value

The current guideline value of S.P.E Mono City, located in Pidarithangal village, under the Poonamallee SRO, is Rs 1,100 per sq.ft, effective from 1 July 2024. This area is classified as Residential Special Type - I.

How the guideline value of S.P.E Mono City has changed

The guideline value for S.P.E Mono City has seen several revisions over the years. The earliest recorded revision was in 2012, where the guideline value was Rs 1,000 per sq.ft. This value remained unchanged until the next revision in 2017, which saw a decrease to Rs 670 per sq.ft. Following this, the value increased to Rs 1,000 per sq.ft in 2023. The most recent revision in 2024 marked an increase to Rs 1,100 per sq.ft, reflecting a 10% rise from the previous year.

Between the revisions, there have been notable changes. From 2017 to 2023, the guideline value increased by 49%. However, from 2012 to 2017, there was a decrease of 33%. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Pidarithangal

In Pidarithangal, six streets are listed under the Poonamallee SRO with a 2024 guideline value ranging from Rs 550 to Rs 4,875 per sq.ft. The median value for these streets is Rs 1,600 per sq.ft, indicating that S.P.E Mono City's 2024 value is below this median.

Stamp duty and registration fee for property in S.P.E Mono City

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value amounts to 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, bringing the total fees to Rs 99,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers S.P.E Mono City?

The Sub Registrar Office that covers S.P.E Mono City is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration of property transactions in Pidarithangal. When buying or selling property, the guideline value determines the applicable stamp duty and registration fees, which are essential for the legal transfer of ownership.

It is important to ensure that the sale price is higher than the guideline value, as the duty is charged on the higher amount. This ensures compliance with local regulations and helps in the smooth processing of property transactions.

Frequently asked questions

What is the current guideline value of S.P.E Mono City?

The current guideline value of S.P.E Mono City 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 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then back to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,100 per sq.ft in 2024.

What is the registration office for S.P.E Mono City?

The registration office for S.P.E Mono City is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056.

How is stamp duty calculated for properties in S.P.E Mono City?

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

What are the other streets in Pidarithangal and their guideline values?

Other streets in Pidarithangal include Spe Metro City at Rs 4,875 per sq.ft, Sri Lakshmi Nagar and Dhanalakshmi Nagar at Rs 550 per sq.ft, Pav Green Park at Rs 2,100 per sq.ft, and Varsha Masilamani Garden at Rs 4,875 per sq.ft.