Guideline Value for POYYAMOZHI PULAN STREET (PER)

Poyyamozhi Pulan Street (Per) guideline value

The current guideline value of Poyyamozhi Pulan Street (Per) is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Panangottur village under the Chengleput Joint II SRO, 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 seen several revisions over the years. In 2012, the guideline value was Rs 1,200 per sq.ft. This figure remained the same until it dropped to Rs 804 per sq.ft in 2017. Following this, the value increased significantly to Rs 1,200 per sq.ft in 2023, and then rose again to Rs 1,320 per sq.ft in 2024.

Examining the changes, the guideline value increased by 49% from 2017 to 2023, and then by 10% from 2023 to 2024. Overall, from 2012 to 2024, the guideline value has increased by 10%. There are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Panangottur

In Panangottur village, there are 419 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 2,200 per sq.ft. The median guideline value in this area is Rs 990 per sq.ft, placing Poyyamozhi Pulan Street (Per) above this median at Rs 1,320 per sq.ft.

• Poultry Farm Quarters (Ward -19): Rs 440 per sq.ft (2024)
• Post Office Street (Ward -15): Rs 440 per sq.ft (2024)
• Popayar Street (Ward -7): Rs 1,320 per sq.ft (2024)
• Poongundranar Street (Ward -7): Rs 1,320 per sq.ft (2024)
• Poombavaiyar Street (Ward -7): Rs 1,320 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 1,320 per sq.ft, the total guideline value amounts to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, totaling Rs 1,18,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Poyyamozhi Pulan Street (Per)?

Poyyamozhi Pulan Street (Per) falls under 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 Panangottur

The guideline value is a crucial factor in the registration of property transactions in Panangottur. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transfer of property ownership.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, which is essential for both the buyer and seller. Buyers should be aware that the stamp duty is calculated based on the higher of the guideline value or the sale price.

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 1,320 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 2012 to Rs 804 per sq.ft in 2017, then to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,320 per sq.ft in 2024.

What are the other streets in Panangottur with their guideline values?

Other streets in Panangottur include Poultry Farm Quarters and Post Office Street at Rs 440 per sq.ft, and Popayar, Poongundranar, and Poombavaiyar Streets at Rs 1,320 per sq.ft.

What is the stamp duty rate for properties in Poyyamozhi Pulan Street (Per)?

The stamp duty for properties in Poyyamozhi Pulan Street (Per) is charged at a rate of 7% on the guideline value or the sale price, whichever is higher.

Where can I find the Chengleput Joint II Sub Registrar Office?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone.