Guideline Value for Poonthottam Street

Poonthottam Street guideline value

The current guideline value of Poonthottam Street in Mannoor village, under the Sriperumpudur SRO, is Rs 200 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class III Type - I land classification.

How the guideline value of Poonthottam Street has changed

The guideline value for Poonthottam Street has seen several revisions over the years. The 2012 revision set the value at Rs 200 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 134 per sq.ft, marking a decrease of 33%. The value then increased significantly to Rs 200 per sq.ft in the 2023 revision, which was maintained in the 2024 revision, showing no change from the previous year.

From 2017 to 2023, the guideline value increased by 49%. Overall, comparing the values from 2012 to 2024, there has been no net change, as the 2024 figure is the same as the 2012 revision. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Mannoor

In Mannoor village, there are 56 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 1,500 per sq.ft, with a median value of Rs 250 per sq.ft. Poonthottam Street's 2024 figure is below this median.

• Polatchiyamman Koil Street: Rs 200 per sq.ft (2024)
• Perumal Koil Street: Rs 200 per sq.ft (2024)
• Rajaji Nagar: Rs 500 per sq.ft (2024)
• Rajalakshmi Nagar: Rs 300 per sq.ft (2024)
• Palvadi Street: Rs 200 per sq.ft (2024)
• Pallikuda Street: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Poonthottam Street

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value would be Rs 2,00,000. The stamp duty at 7% would amount to Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total charges to Rs 18,000. It is important to 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 Poonthottam Street?

Poonthottam Street is covered by the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. To find your SRO, visit find your SRO.

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

The guideline value plays a crucial role in the registration process of property transactions in Mannoor. 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 considered to ensure that the transaction is documented at a fair value, which helps in maintaining transparency in property dealings. This value is essential for both buyers and sellers to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Poonthottam Street?

The current guideline value of Poonthottam Street is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Poonthottam Street has remained at Rs 200 per sq.ft since 2012, except for a drop to Rs 134 per sq.ft in 2017. It then increased back to Rs 200 per sq.ft in 2023 and has stayed the same in 2024.

What is the land classification for Poonthottam Street?

Poonthottam Street falls under the Residential Class III Type - I land classification.

Where can I find the Sub Registrar Office for Poonthottam Street?

The Sub Registrar Office covering Poonthottam Street is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is stamp duty calculated for properties in Poonthottam Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For a property valued at Rs 2,00,000, the stamp duty would be Rs 14,000 at a rate of 7%.