Guideline Value

Corporate

Guideline Value for SHANKARANARAYAN MAIN ROAD

₹550/sq.ft.

The guideline value for Shankaranarayan Main Road in Minjur village (Ponneri SRO, Chennai zone) is Rs 550 per sq.ft, effective 1 July 2024. It was Rs 500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Minjur

Village

Ponneri

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹550 /sq.ft.
From 1-4-2023 ₹500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹335 /sq.ft.
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]
Records for a plot on Shankaranarayan Main Road

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Shankaranarayan Main Road guideline value

The current guideline value of Shankaranarayan Main Road is Rs 550 per sq.ft, effective from 1 July 2024. This street is located in Minjur village under the Ponneri Sub Registrar Office (SRO) and is classified as Residential Class II Type - I.

How the guideline value of Shankaranarayan Main Road has changed

The guideline value for Shankaranarayan Main Road has undergone several revisions over the years. The 2017 revision set the value at Rs 335 per sq.ft, which then increased to Rs 500 per sq.ft in the 2023 revision. The latest revision in 2024 raised the guideline value to Rs 550 per sq.ft, marking a significant increase of 10% from the previous year. Overall, from 2017 to 2024, the guideline value has increased by 64%.

It is important to note that there are no figures available for the revisions in the years 2002, 2003, 2007, and 2012 for this street. The substantial rise from Rs 335 per sq.ft in 2017 to Rs 550 per sq.ft in 2024 reflects a 49% increase from 2023 to 2024 and a 64% increase overall since 2017.

Guideline values in Minjur

In Minjur, there are 179 streets under the Ponneri SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 1,320 per sq.ft. The median guideline value for these streets is Rs 550 per sq.ft, which is equal to the current guideline value of Shankaranarayan Main Road.

Stamp duty and registration fee for property in Shankaranarayan Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value amounts to Rs 5,50,000. The stamp duty at 7% would be Rs 38,500, and the registration fee at 2% would be Rs 11,000, bringing the total to Rs 49,500. It is essential 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 Shankaranarayan Main Road?

The Sub Registrar Office that covers Shankaranarayan Main Road 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 Minjur

The guideline value is a crucial factor in the registration process when buying or selling property in Minjur. It determines the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When a property is sold, the guideline value is used to assess the stamp duty and registration fees. Buyers should be aware that these fees are calculated based on the higher of the guideline value or the actual sale price, ensuring transparency in property transactions.

Frequently asked questions

What is the current guideline value of Shankaranarayan Main Road?

The current guideline value of Shankaranarayan Main Road is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 335 per sq.ft in 2017 to Rs 550 per sq.ft in 2024, reflecting a 64% overall increase during this period.

What is the land classification for Shankaranarayan Main Road?

Shankaranarayan Main Road is classified as Residential Class II Type - I under the Ponneri SRO.

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 stamp duty calculated for property transactions?

Stamp duty is calculated based on the higher of the guideline value or the actual sale price of the property. For example, if the guideline value is Rs 5,50,000, the stamp duty at 7% would be Rs 38,500.