Guideline Value for Karuvilam Poo street

Karuvilam Poo street guideline value

The current guideline value of Karuvilam 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 is classified as Residential Class III Type - I.

How the guideline value of Karuvilam Poo street has changed

Over the years, the guideline value for Karuvilam Poo street has seen several revisions. The 2012 revision set the value at Rs 300 per sq.ft, which remained unchanged until the 2023 revision, which also recorded Rs 300 per sq.ft. The next revision in 2024 maintained this figure, resulting in a 0% change from 2023 to 2024. In contrast, the value increased significantly from Rs 201 per sq.ft in 2017 to Rs 300 per sq.ft in 2023, marking a 49% increase. Between 2012 and 2017, however, the value decreased by 33% from Rs 300 per sq.ft to Rs 201 per sq.ft. Overall, from 2012 to 2024, the guideline value has remained the same at Rs 300 per sq.ft.

The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Ponthoor

Ponthoor village has 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 is Rs 300 per sq.ft, which is equal to the guideline value of Karuvilam Poo street.

• Konrai Poo Street: Rs 300 per sq.ft (2024)
• Kanagambaram Poo Street: Rs 300 per sq.ft (2024)
• Kurinchi Poo Street: Rs 300 per sq.ft (2024)
• Kuvalai Poo Street: Rs 300 per sq.ft (2024)
• Lakshmi Nagar: Rs 402 per sq.ft (2024)
• Jss Nagar: Rs 448 per sq.ft (2024)

Stamp duty and registration fee for property in Karuvilam Poo street

For a 1,000 sq.ft plot at the current rate of Rs 300 per sq.ft, the guideline value would be 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. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Karuvilam Poo street?

The Sub Registrar Office that covers Karuvilam 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 in property transactions in Ponthoor. It is used to determine the stamp duty and registration fees that are applicable when buying or selling property. Buyers and sellers should be aware that the guideline value is the basis for these fees, ensuring transparency in the registration process.

When a property is registered, the guideline value is compared to the sale price. The higher of the two figures is used to calculate the applicable stamp duty and registration fees. This ensures that the fees reflect the actual value of the transaction.

Frequently asked questions

What is the current guideline value of Karuvilam Poo street?

The current guideline value of Karuvilam 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 from 2012 to 2024, with a significant increase of 49% from Rs 201 per sq.ft in 2017 to Rs 300 per sq.ft in 2023.

What is the classification of land on Karuvilam Poo street?

Karuvilam Poo street is classified as Residential Class III Type - I.

Where can I find the Sub Registrar Office for Karuvilam Poo street?

The Sub Registrar Office for Karuvilam 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 higher of the guideline value or the sale price of the property. For example, a property valued at Rs 3,00,000 would incur a stamp duty of Rs 21,000 at 7%.