Guideline Value for POONTHOTHAM

Poonthotham guideline value

The current guideline value of Poonthotham, located in Ponneri_2 village under the Ponneri SRO, is Rs 700 per sq.ft. This value is effective from the 2024 revision, which commenced on 1 July 2024. The land classification for this area is Residential Class II Type - I.

How the guideline value of Poonthotham has changed

The guideline value for Poonthotham has undergone several revisions over the years. The register has no figure for this street for the years 2002, 2003, 2007, 2012, and 2017. The most recent revisions show that in 2023, the guideline value was Rs 500 per sq.ft, which increased to Rs 700 per sq.ft in 2024, marking a change of +40%.

Prior to the 2023 revision, the register does not provide any figures for the years mentioned. The current figure of Rs 700 per sq.ft aligns with the median value of Rs 700 per sq.ft for the 75 streets in Ponneri_2 that carry a 2024 figure, which ranges from Rs 700 to Rs 1,300 per sq.ft.

Guideline values in Ponneri_2

Ponneri_2 has a range of guideline values across its streets. The current value for Poonthotham is Rs 700 per sq.ft, which is equal to the median value in the area. Below are the guideline values for other streets in Ponneri_2:

• Pudhiya Theradi St: Rs 1,200 per sq.ft (2024)
• Police Line Back Side: Rs 700 per sq.ft (2024)
• Puliyan Thoppu: Rs 700 per sq.ft (2024)
• Perumal Nagar: Rs 700 per sq.ft (2024)
• Perumal Kovil Street: Rs 700 per sq.ft (2024)
• Railway Station Road: Rs 1,200 per sq.ft (2024)

Stamp duty and registration fee for property in Poonthotham

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total guideline value amounts to Rs 7,00,000. The stamp duty at 7% would be Rs 49,000, and the registration fee at 2% would be Rs 14,000, resulting in a total of Rs 63,000. It is important to note that stamp duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Poonthotham?

The Sub Registrar Office that covers Poonthotham is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. For more information, you can find your SRO.

How the guideline value is used when you buy or sell in Ponneri_2

The guideline value serves as a benchmark for property transactions in Ponneri_2. When buying or selling property, it is essential to consider the guideline value as it affects the stamp duty and registration fees payable during the registration process.

At the time of registration, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that the transaction is in compliance with local regulations. Buyers and sellers should be aware of these values to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Poonthotham?

The current guideline value of Poonthotham is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2023 to Rs 700 per sq.ft in 2024, which is a 40% increase. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification for Poonthotham?

Poonthotham is classified as Residential Class II Type - I, which indicates its suitability for residential development.

Where can I find the Ponneri Sub Registrar Office?

The Ponneri Sub Registrar Office is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. This office handles the registration of properties in the area.

How is stamp duty calculated for properties in Poonthotham?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 7,00,000, the stamp duty would be Rs 49,000 at a rate of 7%.