Guideline Value for Poonchreri Mettu Colony 1st & 2nd Joint Street

Poonchreri Mettu Colony 1st & 2nd Joint Street guideline value

The current guideline value for Poonchreri Mettu Colony 1st & 2nd Joint Street is Rs 550 per sq.ft, effective from 1 July 2024. This street is located in Mamallapuram village and falls under the Thirukazhukundram SRO, classified as Residential Class V Type - I.

How the guideline value of Poonchreri Mettu Colony 1st & 2nd Joint Street has changed

The guideline value for this street has undergone several revisions over the years. The earliest recorded value was Rs 500 per sq.ft in 2012, which was later revised to Rs 335 per sq.ft in 2017. However, between 2017 and 2023, there was a significant increase of 49%, bringing the value to Rs 500 per sq.ft. The most recent revision in 2024 saw a further increase of 10%, setting the current value at Rs 550 per sq.ft. It is important to note that the register has no figures for the years 2002, 2003, and 2007 regarding this street.

Overall, from 2012 to 2024, the guideline value has increased by 10%. The changes reflect the evolving real estate landscape in the area, with the most notable increase occurring between the years 2017 and 2023.

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 value for these streets is Rs 935 per sq.ft, indicating that the guideline value for Poonchreri Mettu Colony 1st & 2nd Joint Street is below this median.

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

Stamp duty and registration fee for property in Poonchreri Mettu Colony 1st & 2nd Joint Street

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 at 7% would be Rs 38,500, and the registration fee at 2% would be Rs 11,000, bringing the total to Rs 49,500. It is essential to note that the stamp 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 information.

Which Sub Registrar Office covers Poonchreri Mettu Colony 1st & 2nd Joint Street?

The Poonchreri Mettu Colony 1st & 2nd Joint Street is covered by the Thirukazhukundram Sub Registrar Office, located at Thiruchengode - 637 211, Chengalpattu registration zone. To find your specific SRO, visit find your SRO.

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

The guideline value is a crucial factor during the registration process of property transactions in Mamallapuram. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, it is important to be aware of the guideline value as it can influence the overall cost of the transaction. Buyers should ensure that they are informed about the current guideline value to avoid any surprises during the registration process.

Frequently asked questions

What is the current guideline value for Poonchreri Mettu Colony 1st & 2nd Joint Street?

The current guideline value for Poonchreri Mettu Colony 1st & 2nd Joint Street 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. It then increased to Rs 500 per sq.ft in 2023 and is currently Rs 550 per sq.ft in 2024.

What is the land classification of Poonchreri Mettu Colony 1st & 2nd Joint Street?

Poonchreri Mettu Colony 1st & 2nd Joint Street is classified as Residential Class V Type - I.

Where can I find more information about stamp duty and registration fees?

You can find more information about stamp duty and registration fees using our stamp duty and registration fee calculator.

Which office handles the registration for Poonchreri Mettu Colony 1st & 2nd Joint Street?

The registration for Poonchreri Mettu Colony 1st & 2nd Joint Street is handled by the Thirukazhukundram Sub Registrar Office, located at Thiruchengode - 637 211, Chengalpattu registration zone.