Guideline Value for Pooncheri Adidravidar B.G.Road

Pooncheri Adidravidar B.G.Road guideline value

The current guideline value of Pooncheri Adidravidar B.G.Road is Rs 550 per sq.ft, effective from 1 July 2024. This road is located in Mamallapuram village, under the Thirukazhukundram SRO. The land classification for this area is Residential Class V Type - I.

How the guideline value of Pooncheri Adidravidar B.G.Road has changed

The guideline value for Pooncheri Adidravidar B.G.Road has undergone several revisions over the years. The earliest recorded value in the register is from 2012, which was Rs 500 per sq.ft. This value remained unchanged until the 2017 revision, where it decreased to Rs 335 per sq.ft. In 2023, the value increased to Rs 500 per sq.ft, and subsequently, it rose to Rs 550 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From 2012 to 2017, the value saw a decrease of 33%. However, from 2017 to 2023, there was a significant increase of 49%. Overall, comparing the 2012 and 2024 revisions, the guideline value has increased by 10%. The register does not contain figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Mamallapuram

In Mamallapuram, there are 133 streets under the Thirukazhukundram SRO that carry a 2024 guideline value, ranging from Rs 550 to Rs 1,650 per sq.ft. The median guideline value for these streets is Rs 935 per sq.ft, placing Pooncheri Adidravidar B.G.Road below this median.

• Pooncheri Barial Ground Road: Rs 550 per sq.ft (2024)
• Pooncheri Bharathiyar Street: Rs 935 per sq.ft (2024)
• Pooncheri Colony Barial Ground Cross Street: Rs 550 per sq.ft (2024)
• Pooncheri Colony Barial Ground Road: Rs 550 per sq.ft (2024)
• Pooncheri Lalbagathur Sasthiri Street: Rs 550 per sq.ft (2024)
• Pooncheri Masimaga Nagar: Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Pooncheri Adidravidar B.G.Road

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value amounts to Rs 5,50,000. The stamp duty, charged at 7%, would be Rs 38,500, while the registration fee at 2% would be Rs 11,000. Together, the total cost for these fees would be Rs 49,500. It is important to note that duty is charged on the higher of the guideline value and the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Pooncheri Adidravidar B.G.Road?

The Sub Registrar Office that covers Pooncheri Adidravidar B.G.Road is the Thirukazhukundram Sub Registrar Office, located at Thiruchengode - 637 211, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Mamallapuram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate revenue from stamp duty and registration fees.

When a property is sold, the guideline value is compared to the sale price. The higher of the two values is used to calculate the applicable stamp duty and registration fees, ensuring that both the buyer and seller adhere to the legal requirements during the transaction.

Frequently asked questions

What is the current guideline value of Pooncheri Adidravidar B.G.Road?

The current guideline value of Pooncheri Adidravidar B.G.Road is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2012 to Rs 335 per sq.ft in 2017, then back to Rs 500 per sq.ft in 2023, and finally to Rs 550 per sq.ft in 2024.

What is the land classification for Pooncheri Adidravidar B.G.Road?

The land classification for Pooncheri Adidravidar B.G.Road is Residential Class V Type - I.

Where can I find the registration office for this area?

The registration office for Pooncheri Adidravidar B.G.Road is the Thirukazhukundram Sub Registrar Office, located at Thiruchengode - 637 211, Chengalpattu registration zone.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price of the property. For example, a 1,000 sq.ft plot at the current guideline value would incur a total fee of Rs 49,500.