Guideline Value for SRI PONNIAMMAN NAGAR

Sri Ponniamman Nagar guideline value

The current guideline value of Sri Ponniamman Nagar is Rs 550 per sq.ft, effective from 1 July 2024. This street is located in Polivakkam village and falls under the Manavalanagar SRO, classified as Residential Class II Type - III.

How the guideline value of Sri Ponniamman Nagar has changed

The guideline value for Sri Ponniamman Nagar has remained consistent at Rs 550 per sq.ft since the 2023 revision. Prior to that, there are no figures available in the register for the years 2017, 2012, 2007, 2003, or 2002.

In the 2024 revision, the guideline value was set at Rs 550 per sq.ft, reflecting a change of +0% from the previous year's figure. The 2023 revision also recorded the same value of Rs 550 per sq.ft.

Guideline values in Polivakkam

In Polivakkam village, there are 80 streets under the Manavalanagar SRO that carry a 2024 guideline value ranging from Rs 350 to Rs 1,500 per sq.ft, with a median value of Rs 500 per sq.ft. Sri Ponniamman Nagar's current figure of Rs 550 per sq.ft is above this median.

• Shri Sai Garden Annex: Rs 550 per sq.ft (2024)
• P.G.S.Garden: Rs 500 per sq.ft (2024)
• Hariprasad Nagar Extension: Rs 670 per sq.ft (2024)
• Hari Prasad Nagar: Rs 1,000 per sq.ft (2024)
• Gold Green Co-Operative Nagar: Rs 450 per sq.ft (2024)
• Anugriha City: Rs 800 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Ponniamman Nagar

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, totaling Rs 49,500. Please note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Ponniamman Nagar?

Sri Ponniamman Nagar is covered by the Manavalanagar Sub Registrar Office, located at Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor during property registration in Polivakkam. It determines the amount of stamp duty and registration fees that need to be paid, ensuring that both the buyer and seller are aware of the official valuation of the property.

When a property is bought or sold, the guideline value serves as a reference point for the transaction. It is essential to consider this value to ensure compliance with local regulations and to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Sri Ponniamman Nagar?

The current guideline value of Sri Ponniamman Nagar is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has been Rs 550 per sq.ft since the 2023 revision. There are no figures available for the years 2017, 2012, 2007, 2003, or 2002.

What is the land classification for Sri Ponniamman Nagar?

Sri Ponniamman Nagar is classified as Residential Class II Type - III.

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

For a property valued at Rs 5,50,000, the stamp duty would be Rs 38,500, and the registration fee would be Rs 11,000, totaling Rs 49,500.

Where is the Sub Registrar Office for Sri Ponniamman Nagar located?

The Manavalanagar Sub Registrar Office is located at Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai registration zone.