Guideline Value for THAYUMANAVAR ST

Thayumanavar St guideline value

The current guideline value of Thayumanavar St is Rs 900 per sq.ft, effective from 1 July 2024. This street is located in Ponneri village under the Ponneri Sub Registrar Office (SRO) and is classified as Residential Class I Type - I.

How the guideline value of Thayumanavar St has changed

The guideline value register for Thayumanavar St does not provide figures for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was set at Rs 500 per sq.ft, which was then increased to Rs 900 per sq.ft in the 2024 revision, marking a change of +80%.

Prior to the 2023 revision, there were no recorded figures for the street in the earlier revisions. The 2024 figure of Rs 900 per sq.ft is a significant increase compared to the previous year's value.

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, with a median value of Rs 700 per sq.ft. The guideline value of Thayumanavar St is above this median.

• Theradi Burma Nagar: Rs 1,200 per sq.ft (2024)
• Theradi Cross Street: Rs 1,200 per sq.ft (2024)
• Thandabani Nadar St: Rs 700 per sq.ft (2024)
• Thaiyuman Chetty St: Rs 1,200 per sq.ft (2024)
• Taluk Office Road: Rs 900 per sq.ft (2024)
• Thiruvallur Salai: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Thayumanavar St

For a 1,000 sq.ft plot at the current rate of Rs 900 per sq.ft, the guideline value amounts to Rs 9,00,000. The stamp duty at 7% would be Rs 63,000, and the registration fee at 2% would be Rs 18,000, totaling Rs 81,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thayumanavar St?

The Sub Registrar Office that covers Thayumanavar 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

The guideline value plays a crucial role when buying or selling property in Ponneri. It determines the minimum value at which a property can be registered, ensuring that the transaction is documented accurately for taxation purposes.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Thayumanavar St?

The current guideline value of Thayumanavar St is Rs 900 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

From the 2023 revision to the 2024 revision, the guideline value increased from Rs 500 per sq.ft to Rs 900 per sq.ft, which is an increase of +80%.

What is the land classification of Thayumanavar St?

Thayumanavar St is classified as Residential Class I Type - I under the Ponneri SRO.

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 property registrations for Thayumanavar St.

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, if the guideline value is Rs 9,00,000, the stamp duty at 7% would be Rs 63,000.