Guideline Value for Anichampoo Street

Anichampoo Street guideline value

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

How the guideline value of Anichampoo Street has changed

The guideline value for Anichampoo Street has seen several revisions over the years. In 2012, the value was set at Rs 300 per sq.ft. This remained unchanged until the 2017 revision, which saw a decrease to Rs 201 per sq.ft. The value then increased significantly to Rs 300 per sq.ft in the 2023 revision, maintaining the same figure in the 2024 revision, reflecting a 49% increase from 2017 to 2023. Notably, there are no figures available for the revisions in 2002, 2003, and 2007.

Overall, from the 2012 revision to the current 2024 revision, the guideline value has remained unchanged at Rs 300 per sq.ft. This stability indicates that the value has not fluctuated despite the changes in previous years.

Guideline values in Ponthoor

Ponthoor village has a total of 79 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 200 to Rs 2,239 per sq.ft. The median value for these streets is Rs 300 per sq.ft, which aligns with the guideline value of Anichampoo Street.

• Anna nagar: Rs 402 per sq.ft (2024)
• Ambal Poo Street: Rs 300 per sq.ft (2024)
• Arket Poo Street: Rs 300 per sq.ft (2024)
• Adiparasakthi Nagar: Rs 402 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 Anichampoo 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. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Anichampoo Street?

Anichampoo Street is covered by the Sriperumpudur Sub Registrar Office located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is a critical factor in property transactions in Ponthoor. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency in the buying and selling process.

When a property is sold, the guideline value helps calculate the stamp duty and registration fees, which are mandatory for legal ownership transfer. This ensures that both buyers and sellers are aware of the financial implications of their transactions.

Frequently asked questions

What is the current guideline value of Anichampoo Street?

The current guideline value of Anichampoo 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 seen various revisions, remaining at Rs 300 per sq.ft in 2012, 2023, and 2024, with a decrease to Rs 201 per sq.ft in 2017. There are no figures available for the revisions in 2002, 2003, and 2007.

What is the land classification of Anichampoo Street?

Anichampoo Street is classified as Residential Class III Type - I, which indicates its suitability for residential development.

What are the stamp duty and registration fees for properties in Anichampoo Street?

The stamp duty is charged at 7%, and the registration fee is 2% of the guideline value. For a property valued at Rs 3,00,000, the total fees would amount to Rs 27,000.

Where can I find the Sub Registrar Office for Anichampoo Street?

The Sriperumpudur Sub Registrar Office, which covers Anichampoo Street, is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.