Guideline Value for Pooncheri Barial Ground Road

Pooncheri Barial Ground Road guideline value

The current guideline value of Pooncheri Barial Ground Road is Rs 550 per sq.ft, effective from 1 July 2024. This road is located in Mamallapuram village, under the Thirukazhukundram SRO, and is classified as Residential Class V Type - I.

How the guideline value of Pooncheri Barial Ground Road has changed

In the 2012 revision, the guideline value was Rs 500 per sq.ft. It then decreased to Rs 335 per sq.ft in the 2017 revision, marking a decline of 33%. Following this, the value increased significantly to Rs 500 per sq.ft in the 2023 revision, and further rose to Rs 550 per sq.ft in the 2024 revision, reflecting a 10% increase from the previous year. The register has no figure for the years 2002, 2003, and 2007 for this street.

From 2017 to 2023, the guideline value saw a substantial increase of 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%.

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, with a median value of Rs 935 per sq.ft. The guideline value for Pooncheri Barial Ground Road is below this median.

• Pooncheri Adidravidar B.G.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 Barial Ground Road

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 5,50,000. The stamp duty at 7% would be Rs 38,500, and the registration fee at 2% would be Rs 11,000, making a total of Rs 49,500. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Pooncheri Barial Ground Road?

The Sub Registrar Office that covers Pooncheri Barial Ground Road is the Thirukazhukundram Sub Registrar Office, located at Thiruchengode - 637 211, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor in property transactions, as it determines the minimum value at which a property can be registered. When buying or selling property in Mamallapuram, the guideline value is used to calculate the stamp duty and registration fees payable at the time of registration.

It is important for buyers and sellers to be aware of the guideline value, as it impacts the overall cost of the transaction. Ensuring that the sale price meets or exceeds the guideline value is crucial for a smooth registration process.

Frequently asked questions

What is the current guideline value of Pooncheri Barial Ground Road?

The current guideline value of Pooncheri Barial Ground 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 increased 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 Barial Ground Road?

Pooncheri Barial Ground Road is classified as Residential Class V Type - I.

Where can I find the Sub Registrar Office for Pooncheri Barial Ground Road?

The Thirukazhukundram Sub Registrar Office covers Pooncheri Barial Ground Road, located at Thiruchengode - 637 211, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Mamallapuram?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 5,50,000 would incur a stamp duty of Rs 38,500 at 7%.