Guideline Value for WELCOME CITY

Welcome City guideline value

The current guideline value of Welcome City, located in Thachoor_2 village under the Ponneri SRO, is Rs 1,800 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class III Type - II.

How the guideline value of Welcome City has changed

The guideline value for Welcome City has seen significant changes over the years. In the 2023 revision, the guideline value was Rs 1,000 per sq.ft. The latest revision in 2024 increased this figure to Rs 1,800 per sq.ft, marking an increase of 80% from the previous year. The register has no figures for the revisions in 2017, 2012, 2007, 2003, and 2002 for this street.

Prior to the 2023 revision, there are no recorded figures in the register for the years mentioned. The substantial increase from Rs 1,000 to Rs 1,800 per sq.ft indicates a notable change in the guideline value for this area.

Guideline values in Thachoor_2

In Thachoor_2, there are 40 streets under the Ponneri SRO with a 2024 guideline value ranging from Rs 202 to Rs 1,800 per sq.ft. Welcome City's guideline value is above the median of Rs 600 per sq.ft for this area.

• Vijay Nagar: Rs 400 per sq.ft (2024)
• Vigneswara Nagar Phase I: Rs 400 per sq.ft (2024)
• Velammal Vidhya Residency: Rs 600 per sq.ft (2024)
• Velammal Residency Phase -IV: Rs 800 per sq.ft (2024)
• Velammal Residencyphase III: Rs 800 per sq.ft (2024)
• Velammal Residencyphase II: Rs 800 per sq.ft (2024)

Stamp duty and registration fee for property in Welcome City

For a 1,000 sq.ft plot at the current guideline value of Rs 1,800 per sq.ft, the total guideline value amounts to Rs 18,00,000. The stamp duty at 7% would be Rs 1,26,000, and the registration fee at 2% would be Rs 36,000, bringing the total fees to Rs 1,62,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Welcome City?

The Sub Registrar Office covering Welcome City 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 Thachoor_2

The guideline value plays a critical role during the registration of property transactions in Thachoor_2. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when buying or selling property in the area.

When a property is registered, the guideline value is used to calculate the applicable fees. Buyers and sellers should be aware of the current guideline value to ensure compliance with local regulations and to accurately assess their financial obligations during the transaction.

Frequently asked questions

What is the current guideline value of Welcome City?

The current guideline value of Welcome City is Rs 1,800 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

Recently, the guideline value increased from Rs 1,000 per sq.ft in 2023 to Rs 1,800 per sq.ft in 2024, representing an 80% increase.

What is the land classification of Welcome City?

Welcome City is classified as Residential Class III Type - II.

What are the other streets in Thachoor_2?

Other streets in Thachoor_2 include Vijay Nagar, Vigneswara Nagar Phase I, Velammal Vidhya Residency, Velammal Residency Phase -IV, Velammal Residencyphase III, and Velammal Residencyphase II, with varying guideline values.

Where is the Ponneri Sub Registrar Office located?

The Ponneri Sub Registrar Office is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.