Guideline Value for Manoranjitham Poo Street

Manoranjitham Poo Street guideline value

The current guideline value of Manoranjitham 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 it falls under the Residential Class III Type - I land classification.

How the guideline value of Manoranjitham Poo Street has changed

The guideline value for Manoranjitham Poo Street has seen several revisions over the years. In the 2012 revision, the value was set at Rs 300 per sq.ft. This remained unchanged in the 2017 revision, where it was also Rs 300 per sq.ft. However, there was a significant increase of 49% from the 2017 revision to the 2023 revision, bringing the value to Rs 300 per sq.ft. The 2024 revision also maintains this figure at Rs 300 per sq.ft, showing no change from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. The overall change from the 2012 revision to the 2024 revision is 0%, indicating that the guideline value has remained consistent over this period.

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 as per the 2024 revision. The median guideline value in the village is Rs 300 per sq.ft, which is equal to the current guideline value of Manoranjitham Poo Street.

• Malligai 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)
• Mullai Poo Street: Rs 300 per sq.ft (2024)
• Kurinchi Poo Street: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Manoranjitham Poo Street

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, 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, bringing the total to Rs 27,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Manoranjitham Poo Street?

The Sub Registrar Office that covers Manoranjitham 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 in the registration process when buying or selling property in Ponthoor. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the transaction is recorded at a fair value.

When a property is registered, the guideline value is compared to the sale price, and the duty is charged on the higher of the two. This helps maintain transparency in property transactions and ensures compliance with local regulations.

Frequently asked questions

What is the current guideline value of Manoranjitham Poo Street?

The current guideline value of Manoranjitham 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. There are no figures available for the revisions in 2002, 2003, and 2007.

What is the median guideline value in Ponthoor?

The median guideline value in Ponthoor is Rs 300 per sq.ft, which aligns with the current guideline value of Manoranjitham Poo Street.

What are the stamp duty and registration fees for properties in Manoranjitham Poo Street?

For a property valued at Rs 3,00,000, the stamp duty is Rs 21,000 and the registration fee is Rs 6,000, totaling Rs 27,000. These fees are based on the guideline value or the sale price, whichever is higher.

Which office handles property registrations for Manoranjitham Poo Street?

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