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Guideline Value

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Guideline Value for SHANTHI NAGAR & EXT I&II

₹550/sq.ft.

The guideline value for Shanthi Nagar & Ext I&ii 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 Shanthi Nagar & Ext I&ii

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Shanthi Nagar & Ext I&ii guideline value

The current guideline value of Shanthi Nagar & Ext I&ii is Rs 550 per sq.ft, effective from 1 July 2024. This area is located in Minjur village under the Ponneri SRO and is classified as Residential Class II Type - I.

How the guideline value of Shanthi Nagar & Ext I&ii has changed

The guideline value for Shanthi Nagar & Ext I&ii has seen several revisions over the years. The 2017 revision set the value at Rs 335 per sq.ft, which increased to Rs 500 per sq.ft in the 2023 revision. The most recent revision in 2024 raised the guideline value to Rs 550 per sq.ft, marking a 10% increase from the previous year. Overall, from 2017 to 2024, the guideline value has increased by 64%.

There are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street. The significant changes between the revisions include a 49% increase from 2017 to 2023 and a 10% increase from 2023 to 2024.

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 value for these streets is Rs 550 per sq.ft, making the guideline value of Shanthi Nagar & Ext I&ii equal to this median.

Stamp duty and registration fee for property in Shanthi Nagar & Ext I&ii

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, making the total cost for these fees Rs 49,500. 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 further calculations.

Which Sub Registrar Office covers Shanthi Nagar & Ext I&ii?

The Sub Registrar Office covering Shanthi Nagar & Ext I&ii is 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 Minjur

The guideline value is an essential factor in property transactions, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating the sale price, as the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher.

When purchasing property in Minjur, it is crucial to be aware of the guideline value, as it can influence the overall costs associated with the transaction. Understanding the current guideline value can help buyers make informed decisions and ensure compliance with local regulations during the registration process.

Frequently asked questions

What is the current guideline value of Shanthi Nagar & Ext I&ii?

The current guideline value of Shanthi Nagar & Ext I&ii is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 335 per sq.ft in 2017 to Rs 500 per sq.ft in 2023, and then to Rs 550 per sq.ft in 2024, marking a total increase of 64% from 2017 to 2024.

What are the stamp duty and registration fees for property in this area?

For a 1,000 sq.ft plot, the stamp duty would be Rs 38,500 and the registration fee would be Rs 11,000, totaling Rs 49,500 based on the current guideline value of Rs 5,50,000.

Which office handles registrations for Shanthi Nagar & Ext I&ii?

The Ponneri Sub Registrar Office handles registrations for Shanthi Nagar & Ext I&ii, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.

What is the significance of the guideline value in property transactions?

The guideline value serves as the minimum value for property registration, influencing the stamp duty and registration fees. It is crucial for buyers and sellers to consider this value during property transactions to ensure compliance with local regulations.