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Guideline Value

Corporate

Guideline Value for Poonchreri Mettu Colony 1st Street

₹550/sq.ft.

The guideline value for Poonchreri Mettu Colony 1st Street in Mamallapuram village (Thirukazhukundram SRO, Chengalpattu zone) is Rs 550 per sq.ft, effective 1 July 2024. It was Rs 500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class V Type - I. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Mamallapuram

Village

Thirukazhukundram

SRO

Residential Class V Type - I
History
Period Guideline Value
From 1-7-2024 ₹550 /sq.ft.
From 1-4-2023 ₹500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹335 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹500 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No. 8/45, Kammala Street, Thirukazhukundram - 603 109
044-27447200
[email protected]

DRO (District Registrar Office)

No.10, Kancheepuram High Road, Chengalpet - 603002
044-27423692
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Poonchreri Mettu Colony 1st Street

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Poonchreri Mettu Colony 1st Street guideline value

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

How the guideline value of Poonchreri Mettu Colony 1st Street has changed

The guideline value for Poonchreri Mettu Colony 1st Street has undergone several revisions over the years. The 2012 revision set the value at Rs 500 per sq.ft, which was then reduced to Rs 335 per sq.ft in 2017, marking a decrease of 33%. In 2023, the value increased to Rs 500 per sq.ft, followed by a further increase to Rs 550 per sq.ft in 2024, reflecting a 10% rise.

From 2017 to 2023, the value increased by 49%. Overall, from the 2012 revision to the 2024 revision, the guideline value has seen a net increase of 10%. The register does not contain 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. Poonchreri Mettu Colony 1st Street's 2024 figure is below this median.

Stamp duty and registration fee for property in Poonchreri Mettu Colony 1st Street

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 be Rs 38,500, and the registration fee at 2% would be Rs 11,000, making the total fees together Rs 49,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Poonchreri Mettu Colony 1st Street?

The Poonchreri Mettu Colony 1st Street falls under the jurisdiction of the Thirukazhukundram Sub Registrar Office, located at Thiruchengode - 637 211, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value serves as a benchmark for property transactions in Mamallapuram. When buying or selling property, this value is essential for calculating the stamp duty and registration fees that need to be paid at the time of registration.

It is crucial to understand that the guideline value is used to determine the minimum value for registration, ensuring that all transactions are recorded at a fair and standardized rate as per the local regulations.

Frequently asked questions

What is the current guideline value of Poonchreri Mettu Colony 1st Street?

The current guideline value of Poonchreri Mettu Colony 1st 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, then back to Rs 500 per sq.ft in 2023, and finally to Rs 550 per sq.ft in 2024.

What is the land classification for Poonchreri Mettu Colony 1st Street?

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

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. Registration fees are charged at 2% of the guideline value.

Which office handles the registration for properties in Poonchreri Mettu Colony 1st Street?

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