Guideline Value for Pitchi Poo Street

Pitchi Poo Street guideline value

The current guideline value of Pitchi 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 is classified as Residential Class III Type - I.

How the guideline value of Pitchi Poo Street has changed

Over the years, the guideline value for Pitchi Poo Street has seen several revisions. The 2012 revision set the value at Rs 300 per sq.ft, which remained unchanged until the 2024 revision. The 2017 revision saw a significant increase to Rs 201 per sq.ft, marking a 49% rise from the previous figure. However, the values for the years 2002, 2003, and 2007 are not available in the register.

From 2017 to 2023, the guideline value remained stable at Rs 300 per sq.ft. Overall, from the 2012 revision to the 2024 revision, the value has not changed, remaining at Rs 300 per sq.ft.

Guideline values in Ponthoor

Ponthoor village has a total of 79 streets under the Sriperumpudur SRO that carry a 2024 guideline value. The values range from Rs 200 to Rs 2,239 per sq.ft, with the median being Rs 300 per sq.ft. Pitchi Poo Street's 2024 guideline value aligns perfectly with this median.

• P.K.Narasiman Nagar: Rs 600 per sq.ft (2024)
• Peyaridappadatha Manaipprivu: Rs 1,000 per sq.ft (2024)
• Poovarasampoo Street: Rs 300 per sq.ft (2024)
• Prasanthi Avenue: Rs 300 per sq.ft (2024)
• Patturosa Poo Street: Rs 300 per sq.ft (2024)
• Parijatham Poo Street: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Pitchi 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, bringing the total to Rs 27,000. Note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Pitchi Poo Street?

The Sub Registrar Office that covers Pitchi 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 determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value serves as a benchmark for calculating taxes. Buyers should be aware that the stamp duty is charged on the higher of the guideline value or the sale price, which can affect the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Pitchi Poo Street?

The current guideline value of Pitchi 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 from Rs 201 per sq.ft in 2017 to Rs 300 per sq.ft in 2023.

What is the land classification of Pitchi Poo Street?

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

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

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

How is the stamp duty calculated for property transactions?

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