Guideline Value for SRI PONNI FARM GARDEN

Sri Ponni Farm Garden guideline value

The current guideline value of Sri Ponni Farm Garden is Rs 500 per sq.ft, effective from 1 July 2024. This property is located in Bunrutti A village under the Walajabad SRO and is classified as Residential Class I Type - I.

How the guideline value of Sri Ponni Farm Garden has changed

The guideline value for Sri Ponni Farm Garden has seen several revisions over the years. In the 2017 revision, the value was set at Rs 335 per sq.ft. This figure remained unchanged in the 2023 revision, but it increased to Rs 500 per sq.ft in the 2024 revision, marking a 49% increase from the 2017 figure.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. The 2023 to 2024 revision saw no change, maintaining the value at Rs 500 per sq.ft.

Guideline values in Bunrutti A

In Bunrutti A, the guideline values for 2024 range from Rs 400 to Rs 1,200 per sq.ft, with a median value of Rs 425 per sq.ft. The guideline value for Sri Ponni Farm Garden is above this median, reflecting its position within the local market.

• Sri Devi Karumari Amman Nagar: Rs 450 per sq.ft (2024)
• Sri Chakra Gardens Farm Land: Rs 500 per sq.ft (2024)
• Siddarth Avenue: Rs 400 per sq.ft (2024)
• Unnamed Layout S.No:645/2a,2b,2c,2a1: Rs 400 per sq.ft (2024)
• Un Named Layout Survey No:446/1,7,10: Rs 400 per sq.ft (2024)
• Veerachozhapuram: Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Ponni Farm Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 500 per sq.ft, the total guideline value would be Rs 5,00,000. The stamp duty at 7% would amount to Rs 35,000, and the registration fee at 2% would be Rs 10,000, bringing the total to Rs 45,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri Ponni Farm Garden?

The Sub Registrar Office that covers Sri Ponni Farm Garden is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor when buying or selling property in Bunrutti A. It determines the minimum value at which a property can be registered, ensuring that all transactions are recorded at a fair value as per government standards.

When a property is registered, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Sri Ponni Farm Garden?

The current guideline value of Sri Ponni Farm Garden is Rs 500 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 500 per sq.ft in 2024, a total increase of 49%. The value remained unchanged at Rs 500 per sq.ft from 2023 to 2024.

What is the land classification of Sri Ponni Farm Garden?

Sri Ponni Farm Garden is classified as Residential Class I Type - I, indicating its designation for residential purposes.

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

The stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, while the registration fee is charged at 2%. For a property valued at Rs 5,00,000, the total fees would be Rs 45,000.

Which office handles registrations for Sri Ponni Farm Garden?

The Walajabad Sub Registrar Office handles registrations for Sri Ponni Farm Garden. It is located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.