Guideline Value for Pootheri pandai

Pootheri pandai guideline value

The current guideline value of Pootheri pandai is Rs 700 per sq.ft, effective from 1 July 2024. This street is located in the village of Sriperumbudur A under the Sriperumpudur SRO, classified as Residential Class III Type - I.

How the guideline value of Pootheri pandai has changed

The guideline value for Pootheri pandai has seen several revisions over the years. The most recent revision in 2024 maintains the guideline value at Rs 700 per sq.ft, which is the same as the 2023 revision. Prior to that, in 2017, the value was Rs 469 per sq.ft, marking a 49% increase from 2017 to 2023.

There are no recorded figures for the revisions in 2002, 2003, 2007, and 2012 for this street. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 49%.

Guideline values in Sriperumbudur A

In Sriperumbudur A, there are 238 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 3,000 per sq.ft. The median value is Rs 700 per sq.ft, which is equal to the guideline value of Pootheri pandai.

• Pooja Park: Rs 1,800 per sq.ft (2024)
• Priya nagar: Rs 700 per sq.ft (2024)
• Priyanka Nagar: Rs 700 per sq.ft (2024)
• Podi Kadai Lane: Rs 700 per sq.ft (2024)
• Peyari dappadatha Manaipirivu: Rs 800 per sq.ft (2024)
• Raghavendra Street: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Pootheri pandai

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total guideline value would be Rs 7,00,000. The stamp duty at 7% would amount to Rs 49,000, and the registration fee at 2% would be Rs 14,000, making the total cost Rs 63,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Pootheri pandai?

The Sub Registrar Office that covers Pootheri pandai 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 Sriperumbudur A

The guideline value plays a crucial role in property transactions in Sriperumbudur A. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees that need to be paid at the time of registration.

It is essential for buyers and sellers to be aware of the current guideline value as it directly impacts the overall cost of the transaction. Proper understanding of these values ensures compliance with legal requirements during property registration.

Frequently asked questions

What is the current guideline value of Pootheri pandai?

The current guideline value of Pootheri pandai is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 700 per sq.ft from 2023 to 2024, while it increased from Rs 469 per sq.ft in 2017 to Rs 700 per sq.ft in 2023, representing a 49% increase.

What is the classification of land in Pootheri pandai?

Pootheri pandai is classified as Residential Class III Type - I according to the guideline value register.

Where can I find the Sub Registrar Office for Pootheri pandai?

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

How is the stamp duty calculated for properties in Pootheri pandai?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 7,00,000, the stamp duty would be Rs 49,000 at a rate of 7%.