Guideline Value for SIVARAJ STREET

Sivaraj Street guideline value

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

How the guideline value of Sivaraj Street has changed

The guideline value for Sivaraj Street has seen several revisions over the years. The 2012 revision set the value at Rs 800 per sq.ft, which increased to Rs 804 per sq.ft in 2017. Following this, the value remained at Rs 1,200 per sq.ft in both the 2023 and 2024 revisions, indicating no change from 2023 to 2024. The overall increase from the 2012 revision to the 2024 revision is 50%.

There are no figures available for the revisions in 2002, 2003, and 2007 for Sivaraj Street. The 2023 revision maintained the value at Rs 1,200 per sq.ft, showing a significant increase of 49% from the 2017 figure. This consistency in the recent revisions reflects the stability of the guideline value for this street.

Guideline values in Ponneri

Ponneri village has a total of 120 streets under the Ponneri SRO, with guideline values ranging from Rs 201 to Rs 1,200 per sq.ft. The median guideline value in this area is Rs 700 per sq.ft, placing Sivaraj Street's 2024 figure above this median.

• Sivan Kovil Street: Rs 700 per sq.ft (2024)
• Sivan Kovil St: Rs 900 per sq.ft (2024)
• Sowdambigai Nagar: Rs 700 per sq.ft (2024)
• Sharma Avenue: Rs 1,200 per sq.ft (2024)
• Sri Karikrishna Perumal Nagar: Rs 700 per sq.ft (2024)
• Sri Mahendhra Avenue: Rs 900 per sq.ft (2024)

Stamp duty and registration fee for property in Sivaraj Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,200 per sq.ft, the total guideline value amounts to Rs 12,00,000. The stamp duty at 7% would be Rs 84,000, and the registration fee at 2% would be Rs 24,000, bringing the total fees together to 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 Sivaraj Street?

The Sub Registrar Office that covers Sivaraj Street is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204, in the Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Ponneri. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees, which are essential components of the registration process. It ensures that the transaction is recorded at a value that reflects the official standards set by the government.

Additionally, the guideline value helps in maintaining transparency in property transactions. It serves as a reference point for buyers and sellers, ensuring that the property is valued appropriately during registration, thus protecting the interests of all parties involved.

Frequently asked questions

What is the current guideline value of Sivaraj Street?

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

How has the guideline value changed over the years?

The guideline value has increased from Rs 800 per sq.ft in 2012 to Rs 1,200 per sq.ft in 2024, reflecting a 50% increase overall. The value remained at Rs 1,200 per sq.ft in both 2023 and 2024.

What are the other streets with guideline values in Ponneri?

Other streets in Ponneri include Sivan Kovil Street at Rs 700 per sq.ft, Sivan Kovil St at Rs 900 per sq.ft, and Sharma Avenue also at Rs 1,200 per sq.ft, among others.

Where can I find the Sub Registrar Office for Sivaraj Street?

The Sub Registrar Office for Sivaraj Street is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. This office handles the registration of properties in the area.

How is the stamp duty calculated for properties in Sivaraj Street?

Stamp duty for properties in Sivaraj Street is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 12,00,000 would incur a stamp duty of Rs 84,000 at 7%.