Guideline Value for WATER WAY

Water Way guideline value

The current guideline value of Water Way in Ponmar village, under the Gooduvancheri SRO, is Rs 2,986 per sq.ft. This designation falls under the Residential Class I Type - II land classification.

How the guideline value of Water Way has changed

The guideline value for Water Way has seen significant changes over the years. The earliest recorded revision was in 2017, where the value was Rs 2,000 per sq.ft. In the 2023 revision, this value increased to Rs 2,986 per sq.ft, marking a change of +49% from the previous revision.

There are no figures available for the revisions in 2002, 2003, 2007, 2012, and 2024 for this street, indicating that the only recorded values are from 2017 and 2023.

Guideline values in Ponmar

Currently, there are no specific village figures available for Ponmar. Water Way is one of the streets under the Gooduvancheri SRO. There are no other streets in Ponmar listed with guideline values.

Stamp duty and registration fee for property in Water Way

For a 1,000 sq.ft plot at the current guideline value of Rs 2,986 per sq.ft, the total guideline value would be Rs 29,86,000. The stamp duty at 7% would amount to Rs 2,09,020, and the registration fee at 2% would be Rs 59,720, totaling Rs 2,68,740. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Water Way?

The Water Way falls under the jurisdiction of the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Ponmar. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

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

Frequently asked questions

What is the current guideline value of Water Way?

The current guideline value of Water Way is Rs 2,986 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 2,000 per sq.ft to Rs 2,986 per sq.ft, which is a change of +49%.

Are there any guideline values for years other than 2017 and 2023?

No, the register has no figures for the years 2002, 2003, 2007, 2012, and 2024 for Water Way.

What are the registration fees for a property in Water Way?

The registration fees for a property in Water Way include a stamp duty of 7% and a registration fee of 2% based on the guideline value or sale price, whichever is higher.

Where is the Gooduvancheri Sub Registrar Office located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.