Guideline Value for Pooncheri Bharathiyar Street

Pooncheri Bharathiyar Street guideline value

The current guideline value of Pooncheri Bharathiyar Street is Rs 935 per sq.ft, effective from 1 July 2024. This street is located in Mamallapuram village under the Thirukazhukundram SRO, classified as Residential Class IV Type - I.

How the guideline value of Pooncheri Bharathiyar Street has changed

The guideline value for Pooncheri Bharathiyar Street has undergone several revisions over the years. The 2012 revision set the value at Rs 600 per sq.ft, which then decreased to Rs 402 per sq.ft in 2017. Following this, the value saw a significant increase to Rs 850 per sq.ft in 2023, and most recently, it has been revised to Rs 935 per sq.ft in 2024, marking a 10% increase from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 56%. Notably, there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Mamallapuram

In Mamallapuram, there are 133 streets under the Thirukazhukundram SRO that have a 2024 guideline value ranging from Rs 550 to Rs 1,650 per sq.ft. The median value is Rs 935 per sq.ft, which is equal to the current guideline value of Pooncheri Bharathiyar Street.

• Pooncheri Barial Ground Road: Rs 550 per sq.ft (2024)
• Pooncheri Colony Barial Ground Cross Street: Rs 550 per sq.ft (2024)
• Pooncheri Adidravidar B.G.Road: 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 Bharathiyar Street

For a 1,000 sq.ft plot at the current rate of Rs 935 per sq.ft, the guideline value amounts to Rs 9,35,000. The stamp duty at 7% would be Rs 65,450, and the registration fee at 2% would be Rs 18,700, totaling Rs 84,150. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Pooncheri Bharathiyar Street?

The Sub Registrar Office that covers Pooncheri Bharathiyar Street 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 property transactions must be registered, ensuring transparency in property dealings.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs that buyers must consider. This helps in maintaining a standard procedure for property transactions within the region.

Frequently asked questions

What is the current guideline value of Pooncheri Bharathiyar Street?

The current guideline value of Pooncheri Bharathiyar Street is Rs 935 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 935 per sq.ft in 2024, reflecting an overall increase of 56% over this period.

What is the median guideline value in Mamallapuram?

The median guideline value in Mamallapuram is Rs 935 per sq.ft, which is the same as the current guideline value for Pooncheri Bharathiyar Street.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 9,35,000, the stamp duty would be Rs 65,450 and the registration fee would be Rs 18,700, totaling Rs 84,150.

Which office handles registrations for Pooncheri Bharathiyar Street?

The Thirukazhukundram Sub Registrar Office handles registrations for Pooncheri Bharathiyar Street, located at Thiruchengode - 637 211, Chengalpattu registration zone.