Guideline Value for Iruvatchi Poo Street

Iruvatchi Poo Street guideline value

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

How the guideline value of Iruvatchi Poo Street has changed

The guideline value for Iruvatchi Poo Street has undergone several revisions over the years. The earliest recorded figure is from 2012, when the value was Rs 200 per sq.ft. In 2017, it decreased to Rs 134 per sq.ft, marking a decline of 33%. The value then increased to Rs 200 per sq.ft in both the 2023 and 2024 revisions, showing no change from the previous year. The overall change from 2012 to 2024 is 0%.

From 2017 to 2023, the guideline value increased by 49%, returning to Rs 200 per sq.ft in the subsequent revisions. Notably, there are no recorded figures for the years 2002, 2003, and 2007 in the register for this street.

Guideline values in Ponthoor

Ponthoor village has a total of 79 streets under the Sriperumpudur SRO that carry a guideline value for 2024, ranging from Rs 200 to Rs 2,239 per sq.ft. The median guideline value in the village is Rs 300 per sq.ft, indicating that Iruvatchi Poo Street's 2024 value is below this median.

• Irular 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 Iruvatchi Poo Street

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

Which Sub Registrar Office covers Iruvatchi Poo Street?

The Iruvatchi Poo Street falls under the jurisdiction of 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 in the registration process when buying or selling property in Ponthoor. It serves as a reference point for calculating the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value is used to determine the minimum amount on which stamp duty is calculated. Buyers should be aware that the duty is charged on the higher of the guideline value or the sale price, ensuring that the registration process is aligned with the official valuation.

Frequently asked questions

What is the current guideline value of Iruvatchi Poo Street?

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

How has the guideline value changed over the years?

The guideline value has remained at Rs 200 per sq.ft in both the 2023 and 2024 revisions, while it decreased to Rs 134 per sq.ft in 2017 from Rs 200 per sq.ft in 2012.

What is the land classification for Iruvatchi Poo Street?

Iruvatchi Poo Street is classified as Residential Class IV Type - I, indicating its suitability for residential purposes.

Where can I find the registration office for Iruvatchi Poo Street?

The registration office covering Iruvatchi Poo Street is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Ponthoor?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 2,00,000, the stamp duty would be Rs 14,000 at a rate of 7%.