Guideline Value for POONGUNDRANAR STREET (WARD -7)

Poongundranar Street (Ward -7) guideline value

The current guideline value of Poongundranar Street (Ward -7) is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Peramanoor village and falls under the Chengleput Joint II SRO. The land classification for this area is Residential Special Type - V.

How the guideline value of Poongundranar Street (Ward -7) has changed

Over the years, the guideline value of Poongundranar Street has seen several revisions. The 2012 revision set the value at Rs 1,200 per sq.ft, which was later reduced to Rs 804 per sq.ft in the 2017 revision. However, from 2017 to 2023, the value increased significantly by 49% to reach Rs 1,200 per sq.ft. The latest revision in 2024 has further increased the value by 10% to Rs 1,320 per sq.ft.

The register has no figures for the revisions in 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Peramanoor

In Peramanoor village, there are 430 streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 550 to Rs 2,200 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, placing Poongundranar Street's 2024 figure above this median.

• Popayar Street (Ward -7): Rs 1,320 per sq.ft (2024)
• Post Office Street (Ward -15): Rs 550 per sq.ft (2024)
• Poultry Farm Quarters (Ward -19): Rs 550 per sq.ft (2024)
• Poombavaiyar Street (Ward -7): Rs 1,320 per sq.ft (2024)
• Poyyamozhi Pulan Street (Per): Rs 1,320 per sq.ft (2024)
• Ponniamman Koil Street Peramanur (Ward -15): Rs 661 per sq.ft (2024)

Stamp duty and registration fee for property in Poongundranar Street (Ward -7)

For a 1,000 sq.ft plot at the current rate of Rs 1,320 per sq.ft, the guideline value amounts to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, while the registration fee at 2% would be Rs 26,400, totaling Rs 1,18,800. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for your convenience.

Which Sub Registrar Office covers Poongundranar Street (Ward -7)?

The Sub Registrar Office that covers Poongundranar Street (Ward -7) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role when buying or selling property in Peramanoor. It is used to determine the stamp duty and registration fees that need to be paid during the registration process. Buyers and sellers must be aware of this value to ensure compliance with local regulations.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the transaction is recorded accurately and that the appropriate fees are collected by the authorities.

Frequently asked questions

What is the current guideline value of Poongundranar Street?

The current guideline value of Poongundranar Street (Ward -7) is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2023 to Rs 1,320 per sq.ft in 2024, marking a 10% increase. It was Rs 804 per sq.ft in 2017 and Rs 1,200 per sq.ft in 2012.

What are the other guideline values in Peramanoor?

In Peramanoor, the guideline values range from Rs 550 to Rs 2,200 per sq.ft, with a median value of Rs 1,100 per sq.ft. Poongundranar Street's value is above this median.

What are the stamp duty and registration fees for properties on Poongundranar Street?

For a 1,000 sq.ft property at the current rate, the total stamp duty and registration fees would amount to Rs 1,18,800. This includes a stamp duty of Rs 92,400 and a registration fee of Rs 26,400.

Which office handles the registration for Poongundranar Street?

The Chengleput Joint II Sub Registrar Office handles the registration for Poongundranar Street (Ward -7). It is located at 10, Kancheepuram Main Road, Chengalpattu 603 002.