Guideline Value for Malligai Poo Street

Malligai Poo Street guideline value

The current guideline value of Malligai 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 Malligai Poo Street has changed

Looking at the revisions, the guideline value for Malligai Poo Street has remained consistent at Rs 300 per sq.ft for both the 2023 and 2024 revisions. Prior to that, in the 2017 revision, the value was Rs 201 per sq.ft, marking a 49% increase from 2017 to 2023. The 2012 revision also recorded a guideline value of Rs 300 per sq.ft, indicating a 33% decrease from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has not changed.

The register has no figures for the years 2002, 2003, and 2007 for this street. The 2012 revision was the first to set the value at Rs 300 per sq.ft, which remained unchanged in 2023 and 2024.

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 is Rs 300 per sq.ft, which aligns with the 2024 figure for Malligai Poo Street.

• Manoranjitham Poo Street: Rs 300 per sq.ft (2024)
• Magilam poo street: Rs 300 per sq.ft (2024)
• Lakshmi Nagar: Rs 402 per sq.ft (2024)
• Kuvalai Poo Street: Rs 300 per sq.ft (2024)
• Kurinchi Poo Street: Rs 300 per sq.ft (2024)
• Mullai Poo Street: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Malligai Poo Street

For a 1,000 sq.ft plot at the current guideline value, the total 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, making the total Rs 27,000. Please note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Malligai Poo Street?

The Sub Registrar Office that covers Malligai 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 during the registration process 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 to the government.

When a property is sold, the guideline value helps ensure that the transaction is recorded accurately and that the appropriate taxes are collected. Buyers and sellers must be aware of the current guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Malligai Poo Street?

The current guideline value of Malligai 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 for the 2023 and 2024 revisions. It increased from Rs 201 per sq.ft in 2017 to Rs 300 per sq.ft in 2023, but saw a decrease from 2012 to 2017.

Which Sub Registrar Office covers Malligai Poo Street?

The Sriperumpudur Sub Registrar Office covers Malligai Poo Street, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

What are the stamp duty and registration fees for properties on this street?

For a property valued at Rs 3,00,000, the stamp duty would be Rs 21,000 and the registration fee would be Rs 6,000, totaling Rs 27,000.

What is the land classification of Malligai Poo Street?

Malligai Poo Street is classified as Residential Class III Type - I according to the guidelines.