Guideline Value for THANDABANI NADAR ST

Thandabani Nadar St guideline value

The current guideline value of Thandabani Nadar St is Rs 700 per sq.ft, effective from 1 July 2024. This street is located in Ponneri village, under the Ponneri SRO, and is classified as Residential Class II Type - I.

How the guideline value of Thandabani Nadar St has changed

The guideline value for Thandabani Nadar St has seen significant changes over the years. The register has no figures for the years 2002, 2003, 2007, 2012, and 2017. However, in the 2023 revision, the guideline value was set at Rs 300 per sq.ft, which increased to Rs 700 per sq.ft in the 2024 revision, marking a change of +133%.

This increase reflects the adjustment in property values as per the latest revision. The current figure aligns with the median guideline value of Rs 700 per sq.ft for the 120 streets in Ponneri under the Ponneri SRO.

Guideline values in Ponneri

Ponneri village features a range of guideline values, with figures for 2024 varying from Rs 201 to Rs 1,200 per sq.ft. Thandabani Nadar St's guideline value of Rs 700 per sq.ft is equal to the median value for the area.

• Thaiyuman Chetty St: Rs 1,200 per sq.ft (2024)
• Thayumanavar St: Rs 900 per sq.ft (2024)
• Taluk Office Road: 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 Thandabani Nadar St

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total guideline value would be Rs 7,00,000. The stamp duty at 7% would amount to Rs 49,000, and the registration fee at 2% would be Rs 14,000, bringing the total charges to Rs 63,000. 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 Thandabani Nadar St?

The Sub Registrar Office covering Thandabani Nadar St is 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

The guideline value plays a crucial role during the registration of property transactions in Ponneri. It is used to determine the stamp duty and registration fees that must be paid when a property is bought or sold.

When a buyer or seller approaches the registration office, the guideline value is referenced to ensure that the appropriate fees are calculated based on the property's assessed value. This helps maintain transparency and consistency in property transactions.

Frequently asked questions

What is the current guideline value of Thandabani Nadar St?

The current guideline value of Thandabani Nadar St is Rs 700 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

The guideline value increased from Rs 300 per sq.ft in 2023 to Rs 700 per sq.ft in 2024, reflecting a change of +133%.

What is the classification of Thandabani Nadar St?

Thandabani Nadar St is classified as Residential Class II Type - I.

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.

How is the stamp duty calculated for properties in Ponneri?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 7,00,000 would incur a stamp duty of Rs 49,000 at 7%.