Guideline Value for THAIYUMAN CHETTY ST

Thaiyuman Chetty St guideline value

The current guideline value of Thaiyuman Chetty St is Rs 1,200 per sq.ft, effective from 1 July 2024. This street is located in Ponneri village, under the Ponneri SRO, classified as Residential Special Type - I.

How the guideline value of Thaiyuman Chetty St has changed

The guideline value for Thaiyuman Chetty St has seen several revisions over the years. The 2012 revision set the value at Rs 800 per sq.ft, which then increased to Rs 804 per sq.ft in 2017, marking a change of +1%. Following this, the value jumped to Rs 1,200 per sq.ft in both the 2023 and 2024 revisions, reflecting a significant increase of +49% from 2017 to 2023.

Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has increased by +50%.

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. The median value for these streets is Rs 700 per sq.ft, placing Thaiyuman Chetty St above this median.

• Thandabani Nadar St: Rs 700 per sq.ft (2024)
• Taluk Office Road: Rs 900 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)
• Thiruvallur Salai: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Thaiyuman Chetty St

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, making the total charges 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.

You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thaiyuman Chetty St?

The Sub Registrar Office that covers Thaiyuman Chetty St is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. To find your SRO, you can visit find your SRO.

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 baseline for calculating stamp duty and registration fees, ensuring that these charges are based on a standardized value set by the government.

When buying or selling property, it is essential to be aware of the guideline value, as it can impact the overall costs associated with the transaction. Buyers should ensure that they are informed about the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Thaiyuman Chetty St?

The current guideline value of Thaiyuman Chetty St 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 800 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then to Rs 1,200 per sq.ft in both 2023 and 2024.

What is the median guideline value in Ponneri?

The median guideline value for the 120 streets in Ponneri is Rs 700 per sq.ft, with Thaiyuman Chetty St being above this median at Rs 1,200 per sq.ft.

What are the stamp duty rates for properties in Thaiyuman Chetty St?

The stamp duty for properties in Thaiyuman Chetty St is charged at 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Thaiyuman Chetty St located?

The Sub Registrar Office for Thaiyuman Chetty St is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.