Guideline Value for Neelam Poo Street

Neelam Poo Street guideline value

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

How the guideline value of Neelam Poo Street has changed

Over the years, the guideline value of Neelam 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 2017, the value was reduced to Rs 201 per sq.ft, marking a decrease of 33%. In the subsequent revisions, the value increased to Rs 300 per sq.ft in both the 2023 and 2024 revisions, showing a significant increase of 49% from 2017 to 2023. Overall, from 2012 to 2024, the guideline value has remained constant at Rs 300 per sq.ft.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for Neelam Poo Street. The 2024 revision is the most recent update, maintaining the same value as the previous year, 2023.

Guideline values in Ponthoor

Ponthoor village has a total of 79 streets under the Sriperumpudur SRO, with the guideline values ranging from Rs 200 to Rs 2,239 per sq.ft. The median guideline value is Rs 300 per sq.ft, which is equal to the 2024 figure for Neelam Poo Street.

• Namachivayam Nagar: Rs 469 per sq.ft (2024)
• Nagalinga Poo Street: Rs 300 per sq.ft (2024)
• Mullai Poo Street: Rs 300 per sq.ft (2024)
• Pappaiyan Pattai: Rs 200 per sq.ft (2024)
• Parijatham Poo Street: Rs 300 per sq.ft (2024)
• Patturosa Poo Street: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Neelam 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 the 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 Neelam Poo Street?

The Sub Registrar Office that covers Neelam 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 additional information.

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 the basis for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

When a buyer or seller approaches the Sriperumpudur SRO for registration, the guideline value will be assessed to determine the applicable fees. This value helps maintain transparency and standardization in property transactions within the region.

Frequently asked questions

What is the current guideline value of Neelam Poo Street?

The current guideline value of Neelam Poo Street is Rs 300 per sq.ft as per the 2024 revision 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 since the 2012 revision, with a decrease to Rs 201 per sq.ft in 2017 and then returning to Rs 300 per sq.ft in the 2023 and 2024 revisions.

What is the land classification for Neelam Poo Street?

Neelam Poo Street falls under the Residential Class III Type - I land classification, indicating its suitability for residential purposes.

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

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

How is the stamp duty calculated for properties in Neelam Poo Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 300 per sq.ft, the stamp duty would amount to Rs 21,000.