Guideline Value for Kanagambaram Poo Street

Kanagambaram Poo Street guideline value

The current guideline value of Kanagambaram 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 Kanagambaram Poo Street has changed

Over the years, the guideline value of Kanagambaram Poo Street has seen several revisions. The register shows no figures for the years 2002, 2003, and 2007. In the 2012 revision, the guideline value was Rs 300 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 201 per sq.ft. The 2023 revision brought the value back to Rs 300 per sq.ft, and the 2024 revision maintained this rate, resulting in a 0% change from 2023 to 2024. Overall, from 2012 to 2024, the guideline value has remained constant at Rs 300 per sq.ft.

From 2017 to 2023, there was a significant increase of 49%, while the change from 2012 to 2017 showed a decrease of 33%. This fluctuation reflects the adjustments made over the years, but the current guideline value aligns with the median for the village.

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 2024 figure for Kanagambaram Poo Street. Below are the guideline values for other streets in Ponthoor:

• Karuvilam Poo street: Rs 300 per sq.ft (2024)
• Jss Nagar: Rs 448 per sq.ft (2024)
• Jpm Republic Villa: Rs 2,239 per sq.ft (2024)
• Konrai Poo Street: Rs 300 per sq.ft (2024)
• Jemi Garden Avenue: Rs 402 per sq.ft (2024)
• JBM Garden: Rs 1,500 per sq.ft (2024)

Stamp duty and registration fee for property in Kanagambaram 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 at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, totaling 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 information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kanagambaram Poo Street?

The Sub Registrar Office that covers Kanagambaram 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 details.

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

The guideline value is a crucial factor 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 registration process. Buyers and sellers must be aware of the current guideline value to ensure compliance with local regulations.

When a property is registered, the guideline value is used to calculate the applicable stamp duty and registration fees, which are mandatory costs associated with property transactions. Understanding the guideline value helps both parties in a transaction to anticipate these expenses accurately.

Frequently asked questions

What is the current guideline value of Kanagambaram Poo Street?

The current guideline value of Kanagambaram 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 constant at Rs 300 per sq.ft from 2012 to 2024, with notable changes such as a decrease to Rs 201 per sq.ft in 2017 and a return to Rs 300 per sq.ft in 2023.

What is the median guideline value for streets in Ponthoor?

The median guideline value for streets in Ponthoor is Rs 300 per sq.ft, which is also the current guideline value for Kanagambaram Poo Street.

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

For a 1,000 sq.ft plot at the guideline value of Rs 300 per sq.ft, the total stamp duty and registration fees would amount to Rs 27,000.

Which office handles property registrations for Kanagambaram Poo Street?

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