Guideline Value for SIDDHAR PONNAR NAGAR

Siddhar Ponnar Nagar guideline value

The current guideline value of Siddhar Ponnar Nagar is Rs 100 per sq.ft, effective from 1 July 2024. This area is located in Periyaveppthur village under the Ponneri SRO and is classified as Residential Class II Type - I.

How the guideline value of Siddhar Ponnar Nagar has changed

The guideline value for Siddhar Ponnar Nagar has undergone several revisions over the years. The register shows no figures for the years 2002, 2003, 2007, and 2012. In the 2017 revision, the guideline value was Rs 67 per sq.ft. This increased to Rs 100 per sq.ft in the 2023 revision, marking a 49% increase from the 2017 figure. The 2024 revision maintains this value at Rs 100 per sq.ft, showing no change from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 49%. This indicates a significant rise in the value of properties in Siddhar Ponnar Nagar over the years.

Guideline values in Periyaveppthur

In Periyaveppthur, there are 7 streets under the Ponneri SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 223 per sq.ft. The median guideline value for these streets is Rs 150 per sq.ft, placing Siddhar Ponnar Nagar's 2024 figure below that median.

• Ponneri Athisayam: Rs 150 per sq.ft (2024)
• Padmavathi Ammal Nagar: Rs 100 per sq.ft (2024)
• J J Smart City: Rs 223 per sq.ft (2024)
• Happy Home Garden: Rs 100 per sq.ft (2024)
• Sitthar Ponneri Nagar-II Alias Gomathi Amman Nagar: Rs 150 per sq.ft (2024)
• Sri Mariyamman Nagar: Rs 150 per sq.ft (2024)

Stamp duty and registration fee for property in Siddhar Ponnar Nagar

For a 1,000 sq.ft plot at the current rate of Rs 100 per sq.ft, the guideline value is Rs 1,00,000. The stamp duty at 7% would be Rs 7,000, and the registration fee at 2% would be Rs 2,000, totaling Rs 9,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Siddhar Ponnar Nagar?

The Sub Registrar Office that covers Siddhar Ponnar Nagar 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 Periyaveppthur

The guideline value is an essential factor in the registration of property transactions in Periyaveppthur. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the buying or selling process.

When a property is registered, the stamp duty is calculated based on the guideline value or the sale price, whichever is higher. This ensures that the appropriate fees are collected for the transaction, reflecting the value of the property as per the official records.

Frequently asked questions

What is the current guideline value of Siddhar Ponnar Nagar?

The current guideline value of Siddhar Ponnar Nagar is Rs 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 67 per sq.ft in 2017 to Rs 100 per sq.ft in both 2023 and 2024, showing a 49% increase overall from 2017 to 2024.

What is the land classification for Siddhar Ponnar Nagar?

Siddhar Ponnar Nagar is classified as Residential Class II Type - I.

What are the stamp duty and registration fees for properties here?

For a property valued at Rs 1,00,000, the stamp duty is Rs 7,000, and the registration fee is Rs 2,000, totaling Rs 9,000.

Which office handles property registrations for Siddhar Ponnar Nagar?

The Ponneri Sub Registrar Office handles property registrations for Siddhar Ponnar Nagar, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.