Guideline Value for TALUK OFFICE ROAD

Taluk Office Road guideline value

The current guideline value of Taluk Office Road in Ponneri_2 village, under the Ponneri SRO, is Rs 702 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - I.

How the guideline value of Taluk Office Road has changed

The guideline value for Taluk Office Road has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 702 per sq.ft, a decrease of 22% from the 2023 revision of Rs 900 per sq.ft. Prior to that, the 2017 revision recorded a value of Rs 603 per sq.ft, showing an increase of 49% when compared to the 2023 figure. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 16%. This indicates a fluctuation in the guideline values over the years, reflecting the changes in the local real estate landscape.

Guideline values in Ponneri_2

In Ponneri_2, there are 75 streets under the Ponneri SRO that carry a 2024 guideline value ranging from Rs 700 to Rs 1,300 per sq.ft, with a median value of Rs 700 per sq.ft. The guideline value of Taluk Office Road is above this median, indicating a relatively higher valuation for this street.

• Taluk Office Salai: Rs 1,200 per sq.ft (2024)
• Thaiyuman Chetty St: Rs 1,200 per sq.ft (2024)
• Subramani Nagar: Rs 702 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 702 per sq.ft, the total guideline value amounts to Rs 7,02,000. The stamp duty at 7% would be Rs 49,140, and the registration fee at 2% would be Rs 14,040, bringing the total cost for these fees to Rs 63,180. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Taluk Office Road?

The Taluk Office Road is covered by 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_2

The guideline value is a crucial factor in the registration process of property transactions in Ponneri_2. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of a property.

When a property is registered, the guideline value is assessed, and the applicable fees are calculated based on this value. Buyers should be aware that the guideline value can influence the overall cost of acquiring property in the area.

Frequently asked questions

What is the current guideline value of Taluk Office Road?

The current guideline value of Taluk Office Road is Rs 702 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 603 per sq.ft in 2017 to Rs 900 per sq.ft in 2023, and then decreased to Rs 702 per sq.ft in 2024. This reflects a 49% increase from 2017 to 2023 and a 22% decrease from 2023 to 2024.

What is the land classification for Taluk Office Road?

Taluk Office Road is classified as Residential Class I Type - I. This classification indicates the type of development and usage permitted in the area.

Where can I find the Ponneri Sub Registrar Office?

The Ponneri Sub Registrar Office 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 Taluk Office Road?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For a property valued at Rs 7,02,000, the stamp duty would be Rs 49,140 at a rate of 7%.