Guideline Value for Konrai Poo Street

Konrai Poo Street guideline value

The current guideline value of Konrai 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 Konrai Poo Street has changed

Over the years, the guideline value for Konrai Poo Street has seen several revisions. The 2012 revision set the value at Rs 300 per sq.ft, which remained unchanged in the 2017 revision. However, in the 2017 revision, the value was reduced to Rs 201 per sq.ft, marking a decrease of 33%. The guideline value increased to Rs 300 per sq.ft again in the 2023 revision, and it has remained at Rs 300 per sq.ft in the 2024 revision, showing no change from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. From 2012 to 2024, the overall change in the guideline value is 0%, indicating stability in the value during this period. The notable change from 2017 to 2023 was an increase of 49%.

Guideline values in Ponthoor

Ponthoor village has a total of 79 streets under the Sriperumpudur SRO, with the 2024 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 current guideline value of Konrai Poo Street.

• Karuvilam 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)
• Kanagambaram Poo Street: Rs 300 per sq.ft (2024)
• Magilam poo street: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Konrai Poo Street

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value would be Rs 3,00,000. The stamp duty at 7% would amount to Rs 21,000, and the registration fee at 2% would be Rs 6,000, bringing the total fees together to 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 Konrai Poo Street?

The Sub Registrar Office that covers Konrai 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 critical factor in the registration process when buying or selling property in Ponthoor. It determines the minimum value at which property transactions must be registered, ensuring that the government receives appropriate revenue from stamp duties and registration fees.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees, which are based on the higher of the guideline value or the sale price. This ensures that both buyers and sellers are aware of the financial implications of their transactions.

Frequently asked questions

What is the current guideline value of Konrai Poo Street?

The current guideline value of Konrai 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 in both 2023 and 2024. It was Rs 201 per sq.ft in 2017, which was a decrease from Rs 300 per sq.ft in 2012.

What is the land classification for Konrai Poo Street?

Konrai Poo Street is classified as Residential Class III Type - I, which is a designation used for residential properties in the area.

Where can I find the Sub Registrar Office for Konrai Poo Street?

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

How is stamp duty calculated for property 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 a rate of 7%.