Guideline Value for POYYAMOZHI PULAN STREET (PER)

Poyyamozhi Pulan Street (Per) guideline value

The current guideline value of Poyyamozhi Pulan Street (Per) in Ninna Karai village is Rs 1,321 per sq.ft, effective from the 2024 revision. This street falls under the Chengleput Joint II SRO and is classified as Residential Special Type - V.

How the guideline value of Poyyamozhi Pulan Street (Per) has changed

The guideline value for Poyyamozhi Pulan Street (Per) has undergone several revisions over the years. The earliest recorded figure is from 2012, which was Rs 1,200 per sq.ft. In 2017, the value decreased to Rs 804 per sq.ft, marking a reduction of 33%. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value to Rs 1,200 per sq.ft. The latest revision in 2024 saw another increase of 10%, resulting in the current guideline value of Rs 1,321 per sq.ft.

It is important to note that there are no recorded figures for Poyyamozhi Pulan Street (Per) in the years 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Ninna Karai

In Ninna Karai village, there are 449 streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 440 to Rs 3,500 per sq.ft. The median guideline value for these streets is Rs 1,100 per sq.ft, positioning Poyyamozhi Pulan Street (Per) above this median.

• Poultry Farm Quarters (Ward -19): Rs 440 per sq.ft (2024)
• Post Office Street (Ward -15): Rs 660 per sq.ft (2024)
• Popayar Street (Ward -7): Rs 1,321 per sq.ft (2024)
• Poongundranar Street (Ward -7): Rs 1,321 per sq.ft (2024)
• Poombavaiyar Street (Ward -7): Rs 1,321 per sq.ft (2024)
• Ponniamman Koil Street Peramanur (Ward -15): Rs 440 per sq.ft (2024)

Stamp duty and registration fee for property in Poyyamozhi Pulan Street (Per)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,321 per sq.ft, the total guideline value would be Rs 13,21,000. The stamp duty at 7% would amount to Rs 92,470, and the registration fee at 2% would be Rs 26,420, bringing the total fees to Rs 1,18,890. It is important to note that 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 Poyyamozhi Pulan Street (Per)?

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

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

The guideline value is an important factor in the registration process when buying or selling property in Ninna Karai. It serves as a benchmark for determining the stamp duty and registration fees that are payable during the transaction. Buyers and sellers must be aware of the current guideline value to ensure compliance with the legal requirements.

During the registration process, the guideline value is compared with the sale price of the property. The higher of the two values is used to calculate the applicable stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Poyyamozhi Pulan Street (Per)?

The current guideline value of Poyyamozhi Pulan Street (Per) is Rs 1,321 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then increased to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,321 per sq.ft in 2024.

What is the land classification of Poyyamozhi Pulan Street (Per)?

Poyyamozhi Pulan Street (Per) is classified as Residential Special Type - V under the Chengleput Joint II SRO.

What are the stamp duty and registration fees for property in Poyyamozhi Pulan Street (Per)?

The stamp duty is calculated at 7% of the guideline value, while the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 1,18,890.

Which office handles the registration for Poyyamozhi Pulan Street (Per)?

The Chengleput Joint II Sub Registrar Office handles the registration for Poyyamozhi Pulan Street (Per), located at 10, Kancheepuram Main Road, Chengalpattu 603 002.