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_2 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 2017 revision recorded a guideline value of Rs 804 per sq.ft. This increased to Rs 1,200 per sq.ft in the 2023 revision, marking a significant rise of 49%. The 2024 revision maintained the same value of Rs 1,200 per sq.ft, indicating no change from the previous year. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 49%. This consistent rise highlights the changes in the valuation of this street over the years.

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. Thaiyuman Chetty St's 2024 guideline value is above this median.

• Taluk Office Salai: Rs 1,200 per sq.ft (2024)
• Taluk Office Road: 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)
• Subramani Nagar: Rs 702 per sq.ft (2024)
• Sri Shakthi Nagar: 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, bringing the total 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.

You can use the stamp duty and registration fee calculator for more details on fees applicable to your property transaction.

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. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Ponneri_2

The guideline value plays a crucial role in property transactions in Ponneri_2. It serves as a benchmark for determining the stamp duty and registration fees when registering a property sale. Buyers and sellers must be aware of this value to ensure compliance with local regulations.

When a property is sold, the guideline value is considered to ascertain the applicable fees, which are calculated based on the higher of the guideline value or the actual sale price. This ensures that both parties are aware of the financial implications of the transaction.

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 increased from Rs 804 per sq.ft in 2017 to Rs 1,200 per sq.ft in 2023 and 2024, marking a 49% increase overall from 2017 to 2024.

What is the land classification of Thaiyuman Chetty St?

Thaiyuman Chetty St is classified as Residential Special Type - I, indicating its designation for residential purposes.

What are the stamp duty and registration fees for properties in this area?

Stamp duty is charged at 7% and the registration fee at 2% of the guideline value or sale price, whichever is higher. For a property valued at Rs 12,00,000, the total fees would amount to Rs 1,08,000.

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

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