Guideline Value for Ambal Poo Street

Ambal Poo Street guideline value

The current guideline value of Ambal Poo Street is Rs 300 per sq.ft, effective from 1 July 2024. This street is located in Ponthoor village under the Sriperumpudur SRO, classified as Residential Class III Type - I.

How the guideline value of Ambal Poo Street has changed

The guideline value for Ambal Poo Street has seen several revisions over the years. The 2012 revision set the value at Rs 300 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 201 per sq.ft. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value back to Rs 300 per sq.ft. The 2024 revision maintained this figure, indicating no change from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has remained constant at Rs 300 per sq.ft.

Guideline values in Ponthoor

Ponthoor village has a total of 79 streets under the Sriperumpudur SRO, with guideline values ranging from Rs 200 to Rs 2,239 per sq.ft. The median guideline value for these streets is Rs 300 per sq.ft, which is equal to the current guideline value of Ambal Poo Street.

• Adiparasakthi Nagar: Rs 402 per sq.ft (2024)
• Anichampoo Street: Rs 300 per sq.ft (2024)
• Anna nagar: Rs 402 per sq.ft (2024)
• Arket Poo Street: Rs 300 per sq.ft (2024)
• Avaram Poo Street: Rs 300 per sq.ft (2024)
• Bangalore National Highway: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Ambal Poo Street

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, bringing the total fees to Rs 27,000. 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 more detailed calculations.

Which Sub Registrar Office covers Ambal Poo Street?

The Sub Registrar Office that covers Ambal Poo Street is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Ponthoor. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that both buyers and sellers adhere to the prescribed rates set by the government.

When you buy or sell property, the guideline value helps determine the official value of the property for registration purposes. This ensures transparency and fairness in property transactions, as the fees are based on the established guideline values.

Frequently asked questions

What is the current guideline value of Ambal Poo Street?

The current guideline value of Ambal Poo Street is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 300 per sq.ft from 2012 to 2024, with a drop to Rs 201 per sq.ft in 2017. There was a significant increase of 49% from 2017 to 2023, bringing it back to Rs 300 per sq.ft.

What is the land classification for Ambal Poo Street?

Ambal Poo Street is classified as Residential Class III Type - I under the guideline value register.

What are the stamp duty and registration fees for property in Ambal Poo Street?

For a 1,000 sq.ft plot, the total guideline value is Rs 3,00,000. The stamp duty at 7% is Rs 21,000, and the registration fee at 2% is Rs 6,000, totaling Rs 27,000.

Which Sub Registrar Office covers Ambal Poo Street?

The Sriperumpudur Sub Registrar Office covers Ambal Poo Street, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.