Guideline Value for SRI PONNIYAMMAN NAGAR

Sri Ponniyamman Nagar guideline value

The current guideline value of Sri Ponniyamman Nagar is Rs 200 per sq.ft, effective from 1 July 2024. This area is located in Arambakkam village under the Gummidipoondi SRO, classified as Residential Class I Type - I.

How the guideline value of Sri Ponniyamman Nagar has changed

According to the guideline value register, there are no figures available for Sri Ponniyamman Nagar for the years 2002, 2003, 2007, 2012, and 2017. The 2023 revision set the guideline value at Rs 200 per sq.ft, which remained unchanged in the 2024 revision.

From the 2023 to 2024 revision, there was a change of +0%, keeping the guideline value constant at Rs 200 per sq.ft.

Guideline values in Arambakkam

In Arambakkam, three streets under the Gummidipoondi SRO have a 2024 guideline value ranging from Rs 200 to Rs 350 per sq.ft, with the median being Rs 200 per sq.ft. Sri Ponniyamman Nagar's 2024 figure aligns with this median.

• Sriruvapuri Murugan Nagar: Rs 350 per sq.ft (2024)
• Sri Sai Nagar: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Ponniyamman Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total to Rs 18,000. Duty is charged on the guideline value or the sale price, whichever is higher. For more calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Ponniyamman Nagar?

The Sub Registrar Office that covers Sri Ponniyamman Nagar is the Gummidipoondi Sub Registrar Office, located at No.9, Grc Complex, G.n.t.road, Gummidipoondi-601201, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property in Arambakkam. It determines the amount of stamp duty and registration fees that need to be paid, which are calculated based on either the guideline value or the sale price, whichever is higher.

When buying or selling property, understanding the guideline value helps in ensuring that all financial obligations are met during the registration process. It is essential for buyers and sellers to be aware of these values to avoid any discrepancies during the transaction.

Frequently asked questions

What is the current guideline value of Sri Ponniyamman Nagar?

The current guideline value of Sri Ponniyamman Nagar is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

There are no figures available for Sri Ponniyamman Nagar for the years 2002, 2003, 2007, 2012, and 2017. The guideline value was Rs 200 per sq.ft in both the 2023 and 2024 revisions.

What is the classification of land in Sri Ponniyamman Nagar?

Sri Ponniyamman Nagar is classified as Residential Class I Type - I, which influences its guideline value and potential uses.

What are the stamp duty and registration fees for property in Sri Ponniyamman Nagar?

For a property valued at Rs 2,00,000, the stamp duty would be Rs 14,000, and the registration fee would be Rs 4,000, totaling Rs 18,000.

Where can I find the Sub Registrar Office for Sri Ponniyamman Nagar?

The Gummidipoondi Sub Registrar Office covers Sri Ponniyamman Nagar and is located at No.9, Grc Complex, G.n.t.road, Gummidipoondi-601201, Chennai registration zone.