Guideline Value for TALUK OFFICE ROAD

Taluk Office Road guideline value

The current guideline value of Taluk Office Road in Ponneri village, under the Ponneri SRO, is Rs 900 per sq.ft, effective from 1 July 2024. This area falls under Residential Class I Type - I land classification.

How the guideline value of Taluk Office Road has changed

Starting from the earliest revision in 2002, the guideline value for Taluk Office Road was Rs 61 per sq.ft. This figure saw a significant increase to Rs 100 per sq.ft in 2003, marking a 64% rise. The value then jumped to Rs 600 per sq.ft in 2012, a remarkable increase of 500%. By 2017, the guideline value reached Rs 603 per sq.ft, showing a slight increase of 1% from the previous revision. The next revision in 2023 maintained the value at Rs 900 per sq.ft, which remained unchanged in the 2024 revision.

Overall, from 2002 to 2024, the guideline value has increased by 1375%, reflecting the changes over the years. It is important to note that there is no figure available for the year 2007 in the register for this street.

Guideline values in Ponneri

In Ponneri, there are 120 streets under the Ponneri SRO that carry a 2024 guideline value ranging from Rs 201 to Rs 1,200 per sq.ft, with a median value of Rs 700 per sq.ft. The guideline value for Taluk Office Road is above this median.

• Thaiyuman Chetty St: Rs 1,200 per sq.ft (2024)
• Thandabani Nadar St: Rs 700 per sq.ft (2024)
• Thayumanavar St: Rs 900 per sq.ft (2024)
• Theradi Burma Nagar: Rs 1,200 per sq.ft (2024)
• Theradi Cross Street: Rs 1,200 per sq.ft (2024)
• Sri Shakthi Nagar: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Taluk Office Road

For a 1,000 sq.ft plot at the current guideline value of Rs 900 per sq.ft, the total guideline value would be Rs 9,00,000. The stamp duty at 7% would amount to Rs 63,000, while the registration fee at 2% would be Rs 18,000, bringing the total fees together to Rs 81,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Taluk Office Road?

The Sub Registrar Office that covers Taluk Office Road 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 details.

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

The guideline value plays a crucial role in the registration process of property transactions in Ponneri. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value helps both parties understand the fair value of the property being transacted. It is essential to consider this value as it directly impacts the financial obligations related to the registration of the property.

Frequently asked questions

What is the current guideline value of Taluk Office Road?

The current guideline value of Taluk Office Road is Rs 900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen significant changes, increasing from Rs 61 per sq.ft in 2002 to Rs 900 per sq.ft in 2024, which is an overall increase of 1375% since 2002.

What is the land classification for Taluk Office Road?

Taluk Office Road falls under Residential Class I Type - I land classification, indicating its suitability for residential development.

What are the stamp duty and registration fees for property on Taluk Office Road?

For a plot of 1,000 sq.ft at the current guideline value, the total stamp duty would be Rs 63,000 and the registration fee would be Rs 18,000, totaling Rs 81,000.

Which office handles the registration for Taluk Office Road?

The registration for Taluk Office Road is handled by the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.