Guideline Value for Kuvalai Poo Street

Kuvalai Poo Street guideline value

The current guideline value of Kuvalai Poo Street is Rs 300 per sq.ft, effective from 1 July 2024. This street is located in Ponthoor village under the Sriperumpudur SRO, classified as Residential Class III Type - I.

How the guideline value of Kuvalai Poo Street has changed

Over the years, the guideline value of Kuvalai 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, but the 2017 figure was Rs 201 per sq.ft, reflecting a decrease of 33%. The 2023 revision maintained the value at Rs 300 per sq.ft, and the same value continues into the 2024 revision, indicating no change from 2023 to 2024.

From 2017 to 2023, there was a significant increase of 49%. Overall, comparing the 2012 to 2024 revisions, the guideline value remains unchanged 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 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 value is Rs 300 per sq.ft, which aligns with the 2024 figure for Kuvalai Poo Street.

• Kurinchi Poo Street: Rs 300 per sq.ft (2024)
• Lakshmi Nagar: Rs 402 per sq.ft (2024)
• Magilam poo street: Rs 300 per sq.ft (2024)
• Konrai Poo Street: Rs 300 per sq.ft (2024)
• Malligai Poo Street: Rs 300 per sq.ft (2024)
• Karuvilam Poo street: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Kuvalai 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 amount to Rs 21,000, and the registration fee at 2% would be Rs 6,000, making the total charges Rs 27,000. 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 Kuvalai Poo Street?

The Sub Registrar Office that covers Kuvalai 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 is a crucial factor in property transactions in Ponthoor. It is used to determine the stamp duty and registration fees payable during the registration of property transactions. Buyers and sellers must consider this value as it influences the overall costs involved in the buying or selling process.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the transaction is in compliance with the regulations set forth by the Registration Department.

Frequently asked questions

What is the current guideline value of Kuvalai Poo Street?

The current guideline value of Kuvalai 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 notable increase of 49% from 2017 to 2023.

What is the land classification of Kuvalai Poo Street?

Kuvalai Poo Street is classified as Residential Class III Type - I.

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

The Sub Registrar Office for Kuvalai 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. For example, for a property valued at Rs 3,00,000, the stamp duty would be Rs 21,000 at a rate of 7%.