Guideline Value for Mullai Poo Street

Mullai Poo Street guideline value

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

How the guideline value of Mullai Poo Street has changed

The guideline value for Mullai Poo Street has seen several revisions over the years. The 2012 revision set the value at Rs 300 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 201 per sq.ft. However, from 2017 to 2023, the value increased significantly by 49% to reach Rs 300 per sq.ft. The 2023 revision maintained this value, and the 2024 revision also confirmed it at Rs 300 per sq.ft, showing no change from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for Mullai Poo Street. Overall, from the 2012 revision to the 2024 revision, the guideline value has remained steady at Rs 300 per sq.ft.

Guideline values in Ponthoor

Ponthoor village has a total of 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 for these streets is Rs 300 per sq.ft, which is equal to the guideline value of Mullai Poo Street.

• Nagalinga Poo Street: Rs 300 per sq.ft (2024)
• Namachivayam Nagar: Rs 469 per sq.ft (2024)
• Neelam Poo Street: Rs 300 per sq.ft (2024)
• Manoranjitham Poo Street: Rs 300 per sq.ft (2024)
• Malligai 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 Mullai Poo Street

For a 1,000 sq.ft plot at the current rate of Rs 300 per sq.ft, the 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, totaling Rs 27,000. Please note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Mullai Poo Street?

The Sub Registrar Office that covers Mullai 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 an essential factor when buying or selling property in Ponthoor, as it determines the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees payable during the transaction.

When a property is sold, the buyer and seller must ensure that the sale price is at least equal to the guideline value. If the sale price is lower than the guideline value, the higher amount is considered for the calculation of duties and fees.

Frequently asked questions

What is the current guideline value of Mullai Poo Street?

The current guideline value of Mullai 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 for Mullai Poo Street has remained at Rs 300 per sq.ft since 2012, with a drop to Rs 201 per sq.ft in 2017, followed by a return to Rs 300 per sq.ft in 2023 and 2024.

What is the land classification for Mullai Poo Street?

Mullai Poo Street is classified as Residential Class III Type - I, which indicates its intended use for residential purposes.

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

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

How is stamp duty calculated for properties in Mullai Poo Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 300 per sq.ft has a guideline value of Rs 3,00,000, resulting in a stamp duty of Rs 21,000 at 7%.