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. This street is located in Sattamangalam village, 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

In the 2012 revision, the guideline value was Rs 1,200 per sq.ft. This figure remained unchanged in the 2017 revision, where it decreased to Rs 804 per sq.ft. The 2023 revision increased the value to Rs 1,200 per sq.ft, and the most recent 2024 revision set it at Rs 1,320 per sq.ft. There are no figures available for the revisions in 2002, 2003, and 2007 for this street.

From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, it increased by 49%. The change from 2023 to 2024 saw a rise of 10%. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Sattamangalam

In Sattamangalam, there are 425 streets under the Chengleput Joint II SRO that have a guideline value set for 2024, ranging from Rs 440 to Rs 2,200 per sq.ft. The median guideline value for these streets is Rs 1,100 per sq.ft, placing Poyyamozhi Pulan Street (Per) above that median.

• 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)
• Pride: Rs 550 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 would be Rs 13,20,000. The stamp duty at 7% would amount to Rs 92,400, while the registration fee at 2% would be Rs 26,400, making the total cost Rs 1,18,800. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for accurate calculations.

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 Sattamangalam

The guideline value plays a crucial role during the registration of property transactions in Sattamangalam. It determines the minimum value at which a property can be registered and is used to calculate the applicable stamp duty and registration fees.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, which is essential for legal and taxation purposes. Buyers and sellers must be aware of the current guideline value to avoid any discrepancies during the registration process.

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 seen several changes: it was Rs 1,200 per sq.ft in 2012, decreased to Rs 804 per sq.ft in 2017, then increased to Rs 1,200 per sq.ft in 2023, and finally reached Rs 1,320 per sq.ft in 2024.

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

Poyyamozhi Pulan Street (Per) is classified as Residential Special Type - V, indicating its designation for residential purposes.

What are the stamp duty and registration fees for properties in this area?

Stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, while the registration fee is 2%. For example, for a 1,000 sq.ft plot, the total costs can be calculated based on the current guideline value.

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

The Chengleput Joint II Sub Registrar Office is responsible for handling registrations for Poyyamozhi Pulan Street (Per), located at 10, Kancheepuram Main Road, Chengalpattu 603 002.