Guideline Value for SHARMA AVENUE

Sharma Avenue guideline value

The current guideline value of Sharma Avenue is Rs 1,200 per sq.ft, effective from 1 July 2024. This street is located in Ponneri_2 village under the Ponneri SRO, classified as Residential Special Type - I.

How the guideline value of Sharma Avenue has changed

The guideline value for Sharma Avenue has undergone several revisions over the years. The earliest recorded figure was in 2017, where it was Rs 804 per sq.ft. In the subsequent revisions, the value increased significantly, reaching Rs 1,200 per sq.ft in both 2023 and 2024, marking a 49% increase from 2017 to 2023 and maintaining that value into 2024.

There are no recorded figures for the years 2002, 2003, 2007, and 2012 for this street. The guideline value remained unchanged from 2023 to 2024, indicating a stable valuation during this period.

Guideline values in Ponneri_2

In Ponneri_2, there are 75 streets under the Ponneri SRO with a 2024 guideline value ranging from Rs 700 to Rs 1,300 per sq.ft. The median value is Rs 700 per sq.ft, positioning Sharma Avenue above this median.

• Shankar Nagar: Rs 702 per sq.ft (2024)
• Sivan Kovil Street: Rs 700 per sq.ft (2024)
• Sivaraj Street: Rs 1,200 per sq.ft (2024)
• Samundeeswari Nagar: Rs 700 per sq.ft (2024)
• Samayapuri Mudaliar St: Rs 702 per sq.ft (2024)
• Sakthi & Rajiv Appartment: Rs 702 per sq.ft (2024)

Stamp duty and registration fee for property in Sharma Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 1,200 per sq.ft, the total guideline value would be Rs 12,00,000. The stamp duty at 7% would amount to Rs 84,000, and the registration fee at 2% would be Rs 24,000, totaling Rs 1,08,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Sharma Avenue?

The Sub Registrar Office that covers Sharma Avenue 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 Ponneri_2

The guideline value is a critical factor when registering property transactions in Ponneri_2. It serves as the basis for calculating the stamp duty and registration fees that need to be paid during the transaction process.

When buying or selling property, it is essential to ensure that the guideline value is accurately reflected in the registration documents, as this will determine the financial obligations associated with the property transfer.

Frequently asked questions

What is the current guideline value of Sharma Avenue?

The current guideline value of Sharma Avenue is Rs 1,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 804 per sq.ft in 2017 to Rs 1,200 per sq.ft in 2023 and 2024, marking a 49% increase overall from 2017 to 2024.

What is the median guideline value in Ponneri_2?

The median guideline value in Ponneri_2 is Rs 700 per sq.ft, with Sharma Avenue's value being above this median.

What are the stamp duty and registration fees for property in Sharma Avenue?

For a property valued at Rs 12,00,000, the stamp duty would be Rs 84,000 and the registration fee would be Rs 24,000, totaling Rs 1,08,000.

Where is the Sub Registrar Office for Sharma Avenue located?

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