Guideline Value for Pooja Avenue

Pooja Avenue guideline value

The current guideline value of Pooja Avenue in Venkadu village is Rs 300 per sq.ft, effective from 1 July 2024. This area falls under the Sriperumpudur SRO and is classified as Residential Class II Type - I.

How the guideline value of Pooja Avenue has changed

The guideline value for Pooja Avenue has seen several revisions over the years. Starting from the 2007 revision, the value was Rs 37 per sq.ft. This increased significantly to Rs 300 per sq.ft in the 2012 revision, marking a change of +711%. However, in the 2017 revision, the value decreased to Rs 201 per sq.ft, which was a drop of -33%. The 2023 revision maintained the value at Rs 300 per sq.ft, and the current 2024 revision also holds the value at Rs 300 per sq.ft, showing no change from the previous year.

There are no figures available for Pooja Avenue in the 2002 and 2003 revisions. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by +711%.

Guideline values in Venkadu

In Venkadu, there are 24 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 471 per sq.ft, with the median value being Rs 300 per sq.ft. Pooja Avenue's 2024 guideline value is equal to this median.

• P.G.Road: Rs 300 per sq.ft (2024)
• Perumal Nagar: Rs 300 per sq.ft (2024)
• Perumal Koil Street: Rs 300 per sq.ft (2024)
• Othavadai Street: Rs 310 per sq.ft (2024)
• Om Sakthi Sri Ellaiamman Nagar: Rs 400 per sq.ft (2024)
• Royal Farms: Rs 310 per sq.ft (2024)

Stamp duty and registration fee for property in Pooja Avenue

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 details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Pooja Avenue?

Pooja Avenue is covered by 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 Venkadu

The guideline value is a crucial factor in property transactions in Venkadu, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs associated with the transaction.

Both buyers and sellers should be aware that the guideline value can influence the overall cost of property transactions. It is essential to refer to the latest guideline values to ensure compliance with registration requirements and to understand the financial implications of the transaction.

Frequently asked questions

What is the current guideline value of Pooja Avenue?

The current guideline value of Pooja Avenue is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 37 per sq.ft in 2007 to Rs 300 per sq.ft in 2012, then decreased to Rs 201 per sq.ft in 2017, and has remained at Rs 300 per sq.ft in both 2023 and 2024.

What is the registration office for Pooja Avenue?

The registration office covering Pooja Avenue is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is stamp duty calculated for properties in Venkadu?

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.

What is the land classification of Pooja Avenue?

Pooja Avenue is classified as Residential Class II Type - I, which is important for understanding the zoning and potential uses of the land.