Guideline Value for TALUK OFFICE SALAI

Taluk Office Salai guideline value

The current guideline value for Taluk Office Salai in Ponneri_2 village under the Ponneri SRO is Rs 1,200 per sq.ft, effective from 1 July 2024. This property is classified as Residential Special Type - I.

How the guideline value of Taluk Office Salai has changed

The guideline value for Taluk Office Salai has undergone several revisions over the years. The register has no figures for the years 2002, 2003, 2007, 2012, and 2017. The 2023 revision set the guideline value at Rs 1,000 per sq.ft, which was then increased to Rs 1,200 per sq.ft in the 2024 revision, reflecting a 20% rise.

In summary, the guideline value for this street has changed from Rs 1,000 per sq.ft in 2023 to Rs 1,200 per sq.ft in 2024. The increase signifies a notable adjustment in the valuation of properties in this area.

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 for Taluk Office Salai is above this median.

• Taluk Office Road: Rs 702 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 Salai

For a 1,000 sq.ft plot at the current guideline value of Rs 1,200 per sq.ft, the total guideline value amounts to Rs 12,00,000. The stamp duty at 7% would be Rs 84,000, and the registration fee at 2% would be Rs 24,000, bringing the total cost for these fees to Rs 1,08,000. It is important to 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 Taluk Office Salai?

The Taluk Office Salai is covered by the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. 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 critical factor in the registration process for property transactions in Ponneri_2. It serves as the basis for calculating stamp duty and registration fees, ensuring that the government receives appropriate revenue from property sales.

When buying or selling property, it is essential to be aware of the current guideline value, as it directly impacts the overall costs involved in the transaction. Buyers should ensure that they are informed about the guideline value to avoid any unexpected expenses during the registration process.

Frequently asked questions

What is the current guideline value for Taluk Office Salai?

The current guideline value for Taluk Office Salai is Rs 1,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2023 to Rs 1,200 per sq.ft in 2024, representing a 20% increase. The register has no figures for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification for Taluk Office Salai?

The land classification for Taluk Office Salai is Residential Special Type - I. This classification affects the guideline value and property regulations in the area.

What are the stamp duty and registration fees for a property in Taluk Office Salai?

The stamp duty is calculated at 7% of the guideline value, while the registration fee is 2%. For a 1,000 sq.ft plot at the current rate, the total fees would amount to Rs 1,08,000.

Where can I find the Sub Registrar Office for Taluk Office Salai?

The Ponneri Sub Registrar Office covers Taluk Office Salai and is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find more details online.