Guideline Value for Arket Poo Street

Arket Poo Street guideline value

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

How the guideline value of Arket Poo Street has changed

Over the years, the guideline value for Arket Poo Street has seen several revisions. The 2012 revision set the value at Rs 300 per sq.ft, which remained unchanged until the 2017 revision when it decreased 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. The register has no figures for the years 2002, 2003, and 2007.

From 2012 to 2024, the overall change in guideline value is 0%, indicating that the value has remained stable when comparing the first and last revisions. The current value of Rs 300 per sq.ft aligns with the 2024 median figure for Ponthoor, which is also 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 value is Rs 300 per sq.ft, which is the same as the guideline value for Arket Poo Street. Below are other streets in Ponthoor with their respective guideline values:

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

Stamp duty and registration fee for property in Arket Poo Street

For a 1,000 sq.ft plot at the current rate of Rs 300 per sq.ft, the guideline value amounts to Rs 3,00,000. The stamp duty is charged at 7%, totaling Rs 21,000, while the registration fee is 2%, amounting to Rs 6,000. Therefore, the total cost for stamp duty and registration fees would be 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 Arket Poo Street?

The Sub Registrar Office that covers Arket 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 plays a crucial role during the registration process when buying or selling property in Ponthoor. It serves as the basis for calculating the stamp duty and registration fees, ensuring that the transaction is documented at a recognized value.

When a property is sold, the buyer and seller must adhere to the guideline value to determine the applicable fees. This value helps maintain transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Arket Poo Street?

The current guideline value of Arket 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 since the 2012 revision, increased to Rs 201 per sq.ft in 2017, and then returned to Rs 300 per sq.ft in the 2023 and 2024 revisions.

What is the median guideline value in Ponthoor?

The median guideline value in Ponthoor is Rs 300 per sq.ft, which is the same as the current value for Arket Poo Street.

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

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees would amount to Rs 27,000, based on the guideline value of Rs 3,00,000.

Which office handles registrations for Arket Poo Street?

The Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone, handles registrations for Arket Poo Street.