Guideline Value for Pooncheri Colony Barial Ground Road

Pooncheri Colony Barial Ground Road guideline value

The current guideline value of Pooncheri Colony 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, classified as Residential Class V Type - I.

How the guideline value of Pooncheri Colony Barial Ground Road has changed

The guideline value for Pooncheri Colony Barial Ground Road has undergone several revisions over the years. In the 2012 revision, the rate was Rs 500 per sq.ft. This was followed by a decrease to Rs 335 per sq.ft in 2017, marking a drop of 33%. However, 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 figures for this street in the years 2002, 2003, and 2007.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2012 to 2024, the guideline value has seen a 10% increase. The current value of Rs 550 per sq.ft is the highest recorded for this street in the revisions listed.

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 Colony Barial Ground Road is below this median.

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

Stamp duty and registration fee for property in Pooncheri Colony Barial Ground Road

For a 1,000 sq.ft plot at the current rate of Rs 550 per sq.ft, the guideline value amounts to 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, totaling Rs 49,500. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Pooncheri Colony Barial Ground Road?

The Pooncheri Colony Barial Ground Road falls under the jurisdiction of 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 is a crucial factor 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 compliance with local regulations.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. Buyers should be aware that these costs are based on the higher of the guideline value or the sale price, which can affect the overall expenditure involved in the transaction.

Frequently asked questions

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

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

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

What are the stamp duty and registration fees for a property on this road?

For a 1,000 sq.ft plot, the total stamp duty and registration fees would amount to Rs 49,500 based on the current guideline value of Rs 5,50,000.

Which office handles registrations for Pooncheri Colony Barial Ground Road?

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