Guideline Value for Irular Street

Irular Street guideline value

The current guideline value of Irular Street in Ponthoor village is Rs 200 per sq.ft, effective from 1 July 2024. This street falls under the Sriperumpudur SRO and is classified as Residential Class IV Type - I.

How the guideline value of Irular Street has changed

Irular Street has seen several revisions in its guideline value over the years. The 2012 revision set the value at Rs 200 per sq.ft, which remained unchanged in the subsequent 2017 revision where it decreased to Rs 134 per sq.ft. However, the 2023 revision brought the value back to Rs 200 per sq.ft, and this rate has been maintained in the 2024 revision, reflecting a 0% change from 2023 to 2024. Notably, there are no figures available for the revisions in 2002, 2003, and 2007.

From 2017 to 2023, there was a significant increase of 49% in the guideline value, while from 2012 to 2017, there was a decrease of 33%. Overall, the guideline value from 2012 to 2024 has remained unchanged at Rs 200 per sq.ft.

Guideline values in Ponthoor

Ponthoor village has a total of 79 streets under the Sriperumpudur SRO, with 2024 guideline values ranging from Rs 200 to Rs 2,239 per sq.ft. The median value for these streets is Rs 300 per sq.ft, placing Irular Street's current rate below this median.

• Iruvatchi Poo Street: Rs 200 per sq.ft (2024)
• Jayanthi Nagar: Rs 402 per sq.ft (2024)
• JBM Garden: Rs 1,500 per sq.ft (2024)
• Jemi Garden Avenue: Rs 402 per sq.ft (2024)
• Jpm Republic Villa: Rs 2,239 per sq.ft (2024)
• Jss Nagar: Rs 448 per sq.ft (2024)

Stamp duty and registration fee for property in Irular Street

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value would be Rs 2,00,000. The stamp duty at 7% would amount to Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total to Rs 18,000. 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 details.

Which Sub Registrar Office covers Irular Street?

The Sub Registrar Office covering Irular 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 critical factor in the registration process when buying or selling property in Ponthoor. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is considered to ensure that the transaction reflects the appropriate value for taxation purposes. This helps maintain transparency and compliance with local regulations.

Frequently asked questions

What is the current guideline value of Irular Street?

The current guideline value of Irular Street is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value of Irular Street changed over the years?

The guideline value has remained at Rs 200 per sq.ft from 2012 to 2024, with a notable increase of 49% from 2017 to 2023. The value was Rs 134 per sq.ft in 2017 and Rs 200 per sq.ft in 2012.

What is the median guideline value for streets in Ponthoor?

The median guideline value for the 79 streets in Ponthoor is Rs 300 per sq.ft, indicating that Irular Street's current value is below this median.

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

For a plot of 1,000 sq.ft at the current guideline value, the total stamp duty would be Rs 14,000, and the registration fee would be Rs 4,000, totaling Rs 18,000.

Where is the Sub Registrar Office for Irular Street located?

The Sub Registrar Office for Irular Street is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.