Guideline Value for Thiruvalluvar 2nd Street, Ponni Nagar

Thiruvalluvar 2nd Street, Ponni Nagar guideline value

The current guideline value of Thiruvalluvar 2nd 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 falls under the Residential Class II Type - II land classification.

How the guideline value of Thiruvalluvar 2nd Street, Ponni Nagar has changed

The guideline value for Thiruvalluvar 2nd Street has seen several revisions over the years. The earliest recorded revision is from 2017, where the guideline value was Rs 1,206 per sq.ft. This increased significantly to Rs 1,800 per sq.ft in 2023, marking a 49% rise. The most recent revision in 2024 set the value at Rs 1,980 per sq.ft, reflecting a 10% increase from the previous year.

There are no recorded figures for the revisions in 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value has increased by 64%.

Guideline values in Pammal

Pammal village has a total of 926 streets under the Pammal SRO, with guideline values ranging from Rs 880 to Rs 3,300 per sq.ft as of 2024. The median guideline value for these streets is Rs 2,090 per sq.ft, positioning Thiruvalluvar 2nd Street's 2024 figure below this median.

• Thiruvalluar Street / Ponni 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)
• Thiruvalluvar Nagar,3rd Cross Street: Rs 2,475 per sq.ft (2024)
• Thiruvalluvar Nagar ,4th Cross Street: Rs 2,475 per sq.ft (2024)
• Thirupur Kumaran Street / Nagal Kenai: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruvalluvar 2nd 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 amount to Rs 1,38,600, while the registration fee at 2% would be Rs 39,600. Together, the total cost for stamp duty and registration fee would be Rs 1,78,200. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thiruvalluvar 2nd Street, Ponni Nagar?

The Sub Registrar Office that covers Thiruvalluvar 2nd Street, Ponni Nagar is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is an essential factor in the registration process when buying or selling property in Pammal. It serves as a benchmark for determining the stamp duty and registration fees applicable to a property transaction. Buyers and sellers must be aware of the guideline value to ensure they comply with the legal requirements during the registration process.

When a property is sold, the registration office uses the guideline value to assess the applicable fees. This ensures that all transactions are recorded accurately and that the necessary taxes are collected based on the established values.

Frequently asked questions

What is the current guideline value of Thiruvalluvar 2nd Street, Ponni Nagar?

The current guideline value of Thiruvalluvar 2nd 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 increased from Rs 1,206 per sq.ft in 2017 to Rs 1,800 per sq.ft in 2023, and then to Rs 1,980 per sq.ft in 2024. This represents an overall increase of 64% from 2017 to 2024.

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

For a property valued at 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. The total for both would be Rs 1,78,200.

Which Sub Registrar Office covers this street?

The Pammal Sub Registrar Office covers Thiruvalluvar 2nd Street, Ponni Nagar. It is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What is the range of guideline values for other streets in Pammal?

The guideline values for other streets in Pammal range from Rs 880 to Rs 3,300 per sq.ft as of 2024, with a median value of Rs 2,090 per sq.ft.