Guideline Value for Pooncheri Village B.G.Road

Pooncheri Village B.G.Road guideline value

The current guideline value for Pooncheri Village B.G.Road is Rs 550 per sq.ft, effective from 1 July 2024. This street is located in Mamallapuram village under the Thirukazhukundram SRO, and it falls under the Residential Class V Type - I land classification.

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

The guideline value for Pooncheri Village B.G.Road has undergone several revisions over the years. In 2012, the guideline value was set at Rs 500 per sq.ft. This figure remained unchanged until the 2017 revision, where it dropped to Rs 335 per sq.ft, marking a decrease of 33%. The value increased 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 2017 to 2023, there was a significant increase of 49%. Overall, comparing the 2012 and 2024 values, there has been a modest increase of 10%. The register has no 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, with a median value of Rs 935 per sq.ft. The guideline value for Pooncheri Village B.G.Road is below this median.

• Pooncheri Padasalai Street: Rs 935 per sq.ft (2024)
• Poonchreri Mettu Colony: Rs 550 per sq.ft (2024)
• Pooncheri Mettu Colon B.G.Road: Rs 550 per sq.ft (2024)
• Poonchreri Mettu Colony 1st & 2nd Joint Street: Rs 550 per sq.ft (2024)
• Pooncheri Masimaga Nagar: Rs 550 per sq.ft (2024)
• Poonchreri Mettu Colony 1st Street: Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Pooncheri Village 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 would be Rs 5,50,000. The stamp duty at 7% would amount to Rs 38,500, while the registration fee at 2% would be Rs 11,000, bringing the total fees together to Rs 49,500. Please note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

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

The Sub Registrar Office that covers Pooncheri Village B.G.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 a crucial factor when registering property transactions in Mamallapuram. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When a property is sold, the guideline value is used to calculate the applicable fees based on the higher value between the guideline and the sale price. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for Pooncheri Village B.G.Road?

The current guideline value for Pooncheri Village 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 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 Village B.G.Road?

Pooncheri Village B.G.Road is classified as Residential Class V Type - I.

What are the stamp duty and registration fees for property in Pooncheri Village B.G.Road?

For a 1,000 sq.ft plot at the current guideline value, the total fees would include a stamp duty of Rs 38,500 and a registration fee of Rs 11,000, totaling Rs 49,500.

Which office handles registrations for Pooncheri Village B.G.Road?

The Thirukazhukundram Sub Registrar Office handles registrations for Pooncheri Village B.G.Road, located at Thiruchengode - 637 211, Chengalpattu registration zone.