Guideline Value for Thiruvalluar Street / Ponni Nagar

Thiruvalluar Street / Ponni Nagar guideline value

The current guideline value for Thiruvalluar Street / Ponni Nagar is Rs 1,980 per sq.ft, effective from 1 July 2024. This street is located in Pammal village, under the Pammal SRO, and is classified as Residential Class II Type - II.

How the guideline value of Thiruvalluar Street / Ponni Nagar has changed

The guideline value for Thiruvalluar Street / Ponni Nagar has seen significant changes over the years. In 2002, the value was Rs 184 per sq.ft, which increased to Rs 208 per sq.ft in 2003, marking a 13% rise. The value then rose to Rs 360 per sq.ft in 2007, a substantial increase of 73%. By 2017, the guideline value had jumped to Rs 1,206 per sq.ft, reflecting a remarkable 235% increase from the previous revision. The register does not have a figure for this street in 2012.

In the subsequent revisions, the guideline value continued to rise, reaching Rs 1,800 per sq.ft in 2023, which was a 49% increase from 2017. The most recent revision in 2024 set the guideline value at Rs 1,980 per sq.ft, representing a 10% increase from the previous year. Overall, from 2002 to 2024, the guideline value has increased by 976%.

Guideline values in Pammal

Pammal village has a total of 926 streets under the Pammal SRO, with 2024 guideline values ranging from Rs 880 to Rs 3,300 per sq.ft. The median guideline value for these streets is Rs 2,090 per sq.ft, indicating that Thiruvalluar Street / Ponni Nagar's 2024 figure is below the median.

• Thiruvalluvar 2nd Street, Ponni Nagar: Rs 1,980 per sq.ft (2024)
• Thirupur Kumaran Street / Nagal Kenai: Rs 1,980 per sq.ft (2024)
• Thirupur Kumaran Street / Mungil Lake: Rs 1,980 per sq.ft (2024)
• Thirupoor Kumaran Street, Dr. Ambedhkar Nagar: Rs 1,980 per sq.ft (2024)
• Thiruvalluvar Nagar,1st Cross Street: Rs 2,475 per sq.ft (2024)
• Thiruvalluvar Nagar, 2nd Cross Street: Rs 2,475 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruvalluar Street / Ponni Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value would be Rs 19,80,000. The stamp duty at 7% would be Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, bringing the total cost for these fees to Rs 1,78,200. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Thiruvalluar Street / Ponni Nagar?

The Sub Registrar Office that covers Thiruvalluar Street / Ponni Nagar is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Pammal. It serves as a benchmark for determining the value of the property for taxation purposes, ensuring that the appropriate stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher.

When engaging in a property transaction, both buyers and sellers should be aware of the guideline value as it directly impacts the financial obligations associated with the registration process. It is advisable to consult the latest guideline values to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value for Thiruvalluar Street / Ponni Nagar?

The current guideline value for Thiruvalluar Street / Ponni Nagar is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 184 per sq.ft in 2002 to Rs 1,980 per sq.ft in 2024, showing an overall increase of 976% over this period.

What is the median guideline value for streets in Pammal?

The median guideline value for streets in Pammal is Rs 2,090 per sq.ft, indicating that Thiruvalluar Street / Ponni Nagar's 2024 figure is below this median.

Where is the Pammal Sub Registrar Office located?

The Pammal Sub Registrar Office is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone.

How is stamp duty calculated for properties in Thiruvalluar Street / Ponni Nagar?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 19,80,000, the stamp duty would be Rs 1,38,600.