Guideline Value for POONDI PARK

Poondi Park guideline value

The current guideline value of Poondi Park in Ariyathur village is Rs 100 per sq.ft, effective from 1 July 2024. This area falls under the Oothukkottai SRO and is classified as Residential Class I Type - I.

How the guideline value of Poondi Park has changed

Over the years, the guideline value of Poondi Park has undergone several revisions. In 2012, the guideline value was Rs 75 per sq.ft, which increased to Rs 50 per sq.ft in 2017. Following this, the value rose significantly to Rs 100 per sq.ft in 2023, and it remained unchanged in the 2024 revision.

Specifically, the guideline value saw a 100% increase from Rs 50 per sq.ft in 2017 to Rs 100 per sq.ft in 2023. The value decreased by 33% from Rs 75 per sq.ft in 2012 to Rs 50 per sq.ft in 2017. Overall, from 2012 to 2024, the guideline value has increased by 33%. The register does not provide figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Ariyathur

In addition to Poondi Park, other streets in Ariyathur also have a guideline value of Rs 100 per sq.ft as per the 2024 revision. Below are the other streets in Ariyathur:

• Touchwood Mangium Forms: Rs 100 per sq.ft (2024)

Stamp duty and registration fee for property in Poondi Park

For a 1,000 sq.ft plot at the current guideline value of Rs 100 per sq.ft, the total guideline value would be Rs 1,00,000. The stamp duty at 7% would amount to Rs 7,000, while the registration fee at 2% would be Rs 2,000, bringing the total to Rs 9,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Poondi Park?

The Sub Registrar Office that covers Poondi Park is the Oothukkottai Sub Registrar Office, located near the government hospital in Uthukottai, 602026, Chennai registration zone. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Ariyathur

The guideline value plays a crucial role in the registration process when buying or selling property in Ariyathur. It is used to calculate the stamp duty and registration fees, ensuring that these charges are based on the officially recognized value of the property.

When a property is registered, the buyer must pay the stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures transparency and standardization in property transactions within the region.

Frequently asked questions

What is the current guideline value of Poondi Park?

The current guideline value of Poondi Park is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 75 per sq.ft in 2012 to Rs 50 per sq.ft in 2017, then to Rs 100 per sq.ft in 2023, and it remains at Rs 100 per sq.ft in 2024.

What is the stamp duty for property in Poondi Park?

The stamp duty for property in Poondi Park is 7% of the guideline value. For a 1,000 sq.ft plot valued at Rs 1,00,000, the stamp duty would be Rs 7,000.

Where is the Oothukkottai Sub Registrar Office located?

The Oothukkottai Sub Registrar Office is located near the government hospital in Uthukottai, 602026, Chennai registration zone.

How is the guideline value used in property transactions?

The guideline value is used to determine the stamp duty and registration fees when buying or selling property. The fees are based on either the guideline value or the sale price, whichever is higher.