Guideline Value for Poongani Amman Nagar

Poongani Amman Nagar guideline value

The current guideline value of Poongani Amman Nagar is Rs 100 per sq.ft, effective from 1 July 2024. This area is located in Mevaloorkuppam B village under the Sriperumpudur SRO and is classified as Residential Class IV Type - I.

How the guideline value of Poongani Amman Nagar has changed

The guideline value for Poongani Amman Nagar has seen several revisions over the years. The most recent revision in 2024 maintains the guideline value at Rs 100 per sq.ft, the same as the 2023 revision. Prior to that, in 2017, the guideline value was Rs 134 per sq.ft, marking a decrease of 25% from 2017 to 2023 and an overall decrease of 25% from 2017 to 2024. The register has no figures for the years 2002, 2003, 2007, and 2012.

Guideline values in Mevaloorkuppam B

In Mevaloorkuppam B, there are 84 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 6,200 per sq.ft, with a median value of Rs 400 per sq.ft. Poongani Amman Nagar's 2024 figure is below this median.

• Prasad Nagar: Rs 1,320 per sq.ft (2024)
• Peyaridapadatha Manaipirivu: Rs 1,320 per sq.ft (2024)
• Perumal Koil Street: Rs 400 per sq.ft (2024)
• Raghavendra Nagar: Rs 1,320 per sq.ft (2024)
• Rainbow Nagar: Rs 100 per sq.ft (2024)
• Rajalakshmi Nagar: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Poongani Amman Nagar

For a 1,000 sq.ft plot at the current rate of Rs 100 per sq.ft, the guideline value amounts to Rs 1,00,000. The stamp duty at 7% would be Rs 7,000, and the registration fee at 2% would be Rs 2,000, totaling Rs 9,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Poongani Amman Nagar?

The Sub Registrar Office that covers Poongani Amman Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an important factor in the registration process of property transactions in Mevaloorkuppam B. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property.

When a property is registered, the guideline value is used to calculate the applicable charges, ensuring that both buyers and sellers are aware of their financial obligations. It is essential to refer to the latest guideline values to ensure accurate calculations during property transactions.

Frequently asked questions

What is the current guideline value of Poongani Amman Nagar?

The current guideline value of Poongani Amman Nagar is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 100 per sq.ft from 2023 to 2024. However, it decreased from Rs 134 per sq.ft in 2017 to Rs 100 per sq.ft in 2023, marking a 25% reduction.

What are the other streets in Mevaloorkuppam B and their guideline values?

Other streets in Mevaloorkuppam B include Prasad Nagar and Peyaridapadatha Manaipirivu at Rs 1,320 per sq.ft, Perumal Koil Street at Rs 400 per sq.ft, Raghavendra Nagar at Rs 1,320 per sq.ft, Rainbow Nagar at Rs 100 per sq.ft, and Rajalakshmi Nagar at Rs 300 per sq.ft.

What is the stamp duty rate for properties in Poongani Amman Nagar?

The stamp duty rate for properties in Poongani Amman Nagar is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Poongani Amman Nagar?

The Sub Registrar Office for Poongani Amman Nagar is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.