Guideline Value for WATER WAY PHASE - 2

Water Way Phase - 2 guideline value

The current guideline value for Water Way Phase - 2 is Rs 3,732 per sq.ft. This area is located in Ponmar village and falls under the Gooduvancheri Sub Registrar Office. The land classification is Residential Class I Type - III.

How the guideline value of Water Way Phase - 2 has changed

The guideline value for Water Way Phase - 2 has seen significant changes over the years. The oldest recorded revision is from 2017, where the guideline value was Rs 2,500 per sq.ft. In the most recent revision in 2023, the guideline value increased to Rs 3,732 per sq.ft, marking a change of +49% from the 2017 figure.

There are no figures available in the register for the years 2002, 2003, 2007, 2012, and 2024 for this street. Thus, the only revisions with figures are from 2017 and 2023.

Guideline values in Ponmar

Currently, there are no specific village figures available for Ponmar. Water Way Phase - 2 is one of the streets in this locality, and the guideline value per sq.ft is Rs 3,732 as per the latest revision.

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Stamp duty and registration fee for property in Water Way Phase - 2

For a 1,000 sq.ft plot at the current guideline value of Rs 3,732 per sq.ft, the total guideline value amounts to Rs 37,32,000. The stamp duty at 7% would be Rs 2,61,240, and the registration fee at 2% would be Rs 74,640, bringing the total to Rs 3,35,880. Please 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 Water Way Phase - 2?

The Gooduvancheri Sub Registrar Office covers Water Way Phase - 2. The office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

To find your SRO, you can visit find your SRO.

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

The guideline value is an essential factor in the registration process when buying or selling property in Ponmar. It serves as a benchmark for determining the minimum value at which property transactions can be registered.

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

Frequently asked questions

What is the current guideline value for Water Way Phase - 2?

The current guideline value for Water Way Phase - 2 is Rs 3,732 per sq.ft as per the 2023 revision.

How much has the guideline value changed since 2017?

Since the 2017 revision, the guideline value has increased from Rs 2,500 per sq.ft to Rs 3,732 per sq.ft, which is a change of +49%.

Are there any guideline values for previous years?

The register does not have any figures for the years 2002, 2003, 2007, 2012, and 2024 for Water Way Phase - 2. The only revisions with figures are from 2017 and 2023.

What are the stamp duty and registration fees for a property in Water Way Phase - 2?

For a property valued at Rs 37,32,000, the stamp duty at 7% would be Rs 2,61,240, and the registration fee at 2% would be Rs 74,640, totaling Rs 3,35,880.

Which office handles registrations for Water Way Phase - 2?

The Gooduvancheri Sub Registrar Office handles registrations for Water Way Phase - 2, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.