Guideline Value for Patturosa Poo Street

Patturosa Poo Street guideline value

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

How the guideline value of Patturosa Poo Street has changed

The guideline value for Patturosa Poo Street has seen several revisions over the years. The 2012 revision set the value at Rs 300 per sq.ft, which remained unchanged until the 2023 revision. In 2017, the value was Rs 201 per sq.ft, reflecting a decrease of 33% from the 2012 figure. The 2023 revision kept the guideline value at Rs 300 per sq.ft, and this value has remained the same into the 2024 revision, showing no change from the previous year.

From 2017 to 2023, there was an increase of 49%, bringing the value back to Rs 300 per sq.ft. Overall, from 2012 to 2024, the guideline value has not changed, remaining at Rs 300 per sq.ft throughout this period.

Guideline values in Ponthoor

Ponthoor village has a total of 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 value for these streets is Rs 300 per sq.ft, which aligns with the guideline value of Patturosa Poo Street.

• Parijatham Poo Street: Rs 300 per sq.ft (2024)
• Pappaiyan Pattai: Rs 200 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 Patturosa Poo Street

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value would be Rs 3,00,000. The stamp duty at 7% would amount to Rs 21,000, and the registration fee at 2% would be Rs 6,000, making the total charges 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 more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Patturosa Poo Street?

The Sub Registrar Office that covers Patturosa 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 details.

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

The guideline value is an essential factor during the registration of property transactions in Ponthoor. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When a property is registered, the guideline value is used to calculate the applicable fees, ensuring that both buyers and sellers are aware of the costs involved in the transaction. This process helps maintain transparency and consistency in property dealings within the region.

Frequently asked questions

What is the current guideline value of Patturosa Poo Street?

The current guideline value of Patturosa 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 from 2012 to 2024, with a notable increase of 49% from Rs 201 in 2017 to Rs 300 in 2023.

What is the classification of Patturosa Poo Street?

Patturosa Poo Street is classified as Residential Class III Type - I under the Sriperumpudur SRO.

Where can I find the Sub Registrar Office for Patturosa Poo Street?

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

How is the stamp duty calculated for property in Patturosa Poo Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 3,00,000, the stamp duty would be Rs 21,000 at 7%.