Guideline Value for Pooja Park

Pooja Park guideline value

The current guideline value of Pooja Park is Rs 1,800 per sq.ft, effective from 1 July 2024. This property is located in Sriperumbudur A village, under the Sriperumpudur SRO, and is classified as Residential Special Type - I.

How the guideline value of Pooja Park has changed

In the 2017 revision, the guideline value was Rs 1,206 per sq.ft. This figure remained unchanged in the 2023 revision, which also recorded Rs 1,800 per sq.ft. The current 2024 revision has maintained the same guideline value of Rs 1,800 per sq.ft, resulting in a 49% increase from the 2017 figure to the 2024 figure.

The register has no figures for the years 2002, 2003, 2007, and 2012 for this street. Therefore, the only revisions that provide figures are from 2017, 2023, and 2024, with no change observed between 2023 and 2024.

Guideline values in Sriperumbudur A

In Sriperumbudur A, there are 238 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 3,000 per sq.ft, with a median value of Rs 700 per sq.ft. The guideline value for Pooja Park is above this median.

• Pootheri pandai: Rs 700 per sq.ft (2024)
• Podi Kadai Lane: Rs 700 per sq.ft (2024)
• Priya nagar: Rs 700 per sq.ft (2024)
• Priyanka Nagar: Rs 700 per sq.ft (2024)
• Peyaridappadatha Manaipirivu: Rs 800 per sq.ft (2024)
• Raghavendra Street: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Pooja Park

For a 1,000 sq.ft plot at the current guideline value, the total guideline value would be Rs 18,00,000. The stamp duty at 7% would amount to Rs 1,26,000, and the registration fee at 2% would be Rs 36,000, making the total fees Rs 1,62,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Pooja Park?

The Sub Registrar Office that covers Pooja Park 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 Sriperumbudur A

The guideline value plays a crucial role during the registration of property transactions in Sriperumbudur A. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that these charges are based on a standardized valuation of the property.

When buying or selling property, the guideline value is referenced to ensure compliance with government regulations. Buyers should be aware that the stamp duty is calculated based on the higher of the guideline value or the sale price, which is an important consideration during the transaction process.

Frequently asked questions

What is the current guideline value of Pooja Park?

The current guideline value of Pooja Park is Rs 1,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained unchanged at Rs 1,800 per sq.ft from 2023 to 2024. However, it has increased by 49% from Rs 1,206 per sq.ft in 2017 to Rs 1,800 per sq.ft in 2024.

What is the land classification for Pooja Park?

Pooja Park is classified as Residential Special Type - I, which indicates its designated use for residential purposes.

What are the guideline values for other streets in Sriperumbudur A?

Other streets in Sriperumbudur A have varying guideline values, with rates ranging from Rs 400 to Rs 3,000 per sq.ft. The median value for these streets is Rs 700 per sq.ft.

Where is the Sub Registrar Office for Pooja Park located?

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