Guideline Value for VEDHAGIRI MUDALI STREET

Vedhagiri Mudali Street guideline value

The current guideline value of Vedhagiri Mudali Street is Rs 900 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 I Type - I.

How the guideline value of Vedhagiri Mudali Street has changed

The guideline value for Vedhagiri Mudali Street has seen significant changes in recent years. The register does not have figures for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was set at Rs 300 per sq.ft, which increased to Rs 900 per sq.ft in the 2024 revision, marking a change of +200%.

This increase reflects the current valuation trends in the area. The 2024 figure of Rs 900 per sq.ft places this street above the median guideline value of Rs 700 per sq.ft for the 120 streets in Ponneri under the Ponneri SRO.

Guideline values in Ponneri

In Ponneri, the guideline values for various streets range from Rs 201 to Rs 1,200 per sq.ft as per the 2024 revision. Vedhagiri Mudali Street's current guideline value is higher than the median value of Rs 700 per sq.ft. Below are some other streets in Ponneri:

• Velavan Nagar: Rs 700 per sq.ft (2024)
• Varadhappa Naicken St: Rs 1,200 per sq.ft (2024)
• Varadhappa Naickan St: Rs 900 per sq.ft (2024)
• Vellodi Road: Rs 700 per sq.ft (2024)
• Vaniamkulam Salai: Rs 700 per sq.ft (2024)
• Vallalar Street: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Vedhagiri Mudali Street

For a 1,000 sq.ft plot at the current guideline value of Rs 900 per sq.ft, the total 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, resulting in a total of Rs 81,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Vedhagiri Mudali Street?

The Sub Registrar Office that covers Vedhagiri Mudali Street 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 is a crucial factor in the registration process when buying or selling property in Ponneri. It determines the amount of stamp duty and registration fees that need to be paid, which are calculated based on the guideline value or the sale price, whichever is higher.

When a property is registered, the guideline value ensures that the transaction is recorded at a fair value. This helps in maintaining transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Vedhagiri Mudali Street?

The current guideline value of Vedhagiri Mudali Street is Rs 900 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 900 per sq.ft in 2024, reflecting a change of +200%.

What is the land classification of Vedhagiri Mudali Street?

Vedhagiri Mudali Street is classified as Residential Class I 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 stamp duty calculated for properties in Vedhagiri Mudali Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 900 per sq.ft, the total guideline value is Rs 9,00,000, resulting in a stamp duty of Rs 63,000.