Guideline Value for Parijatham Poo Street

Parijatham Poo Street guideline value

The current guideline value of Parijatham Poo Street is Rs 300 per sq.ft, effective from 1 July 2024. This street is located in Ponthoor village under the Sriperumpudur SRO and falls under the Residential Class III Type - I land classification.

How the guideline value of Parijatham Poo Street has changed

The guideline value for Parijatham Poo Street has seen several revisions over the years. The 2012 revision set the value at Rs 300 per sq.ft, which remained unchanged in the 2017 revision. However, in 2017, the value increased to Rs 201 per sq.ft, marking a decrease of 33%. The 2023 revision brought the value back to Rs 300 per sq.ft, which was maintained in the 2024 revision, showing no change from the previous year.

Looking at the changes, from 2017 to 2023, there was a significant increase of 49%. Overall, from the 2012 revision to the 2024 revision, the guideline value has remained constant at Rs 300 per sq.ft. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Ponthoor

Ponthoor village has 79 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 200 to Rs 2,239 per sq.ft. The median guideline value for these streets is Rs 300 per sq.ft, which is equal to the current guideline value of Parijatham Poo Street.

• Pappaiyan Pattai: Rs 200 per sq.ft (2024)
• Patturosa Poo Street: Rs 300 per sq.ft (2024)
• Peyaridappadatha Manaipprivu: Rs 1,000 per sq.ft (2024)
• Pitchi Poo Street: Rs 300 per sq.ft (2024)
• P.K.Narasiman Nagar: Rs 600 per sq.ft (2024)
• Poovarasampoo Street: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Parijatham Poo Street

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, bringing the total to Rs 27,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Parijatham Poo Street?

The Sub Registrar Office that covers Parijatham Poo Street is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Ponthoor. It serves as a benchmark for determining the stamp duty and registration fees that buyers must pay during the registration process.

When a property is sold, the guideline value will be used to calculate the applicable charges, ensuring that both buyers and sellers are aware of the financial implications of their transactions. This helps maintain transparency in property dealings within the area.

Frequently asked questions

What is the current guideline value of Parijatham Poo Street?

The current guideline value of Parijatham Poo Street is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 300 per sq.ft since 2012, with a decrease to Rs 201 per sq.ft in 2017, followed by an increase back to Rs 300 per sq.ft in 2023 and 2024.

What is the land classification for Parijatham Poo Street?

Parijatham Poo Street is classified as Residential Class III Type - I, indicating its suitability for residential development.

What is the stamp duty rate for property in Parijatham Poo Street?

The stamp duty rate for property transactions in Parijatham Poo Street is 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Parijatham Poo Street located?

The Sub Registrar Office for Parijatham Poo Street is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.