Guideline Value for Poovarasampoo Street

Poovarasampoo Street guideline value

The current guideline value of Poovarasampoo Street is Rs 300 per sq.ft, effective from 1 July 2024. This street is located in Ponthoor village under the Sriperumpudur SRO and is classified as Residential Class III Type - I.

How the guideline value of Poovarasampoo Street has changed

The guideline value for Poovarasampoo Street has undergone several revisions over the years. In the 2012 revision, the value was set at Rs 300 per sq.ft. This remained unchanged until the 2017 revision, where it decreased to Rs 201 per sq.ft. The 2023 revision saw the value return to Rs 300 per sq.ft, and this figure has been maintained in the 2024 revision, showing no change from the previous year.

From 2017 to 2023, there was a significant increase of 49%, while the change from 2012 to 2017 was a decrease of 33%. Overall, from 2012 to 2024, the guideline value has remained the same at Rs 300 per sq.ft. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Ponthoor

Ponthoor village has a total of 79 streets under the Sriperumpudur SRO, with the 2024 guideline values ranging from Rs 200 to Rs 2,239 per sq.ft. The median value for these streets is Rs 300 per sq.ft, making Poovarasampoo Street's 2024 guideline value equal to this median.

• Prasanthi Avenue: Rs 300 per sq.ft (2024)
• P.K.Narasiman Nagar: Rs 600 per sq.ft (2024)
• Pitchi Poo Street: Rs 300 per sq.ft (2024)
• Peyaridappadatha Manaipprivu: Rs 1,000 per sq.ft (2024)
• Patturosa Poo Street: Rs 300 per sq.ft (2024)
• Raja Reddy Avenue: Rs 448 per sq.ft (2024)

Stamp duty and registration fee for property in Poovarasampoo Street

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value would be Rs 3,00,000. The stamp duty at 7% would amount to Rs 21,000, while the registration fee at 2% would be Rs 6,000, bringing the total charges to Rs 27,000. 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 Poovarasampoo Street?

The Sub Registrar Office that covers Poovarasampoo Street 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 Ponthoor

The guideline value is a crucial factor when registering a property in Ponthoor. It determines the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value serves as a benchmark for the transaction. It is essential to be aware of this value to understand the financial implications of the sale, including the costs associated with registration and duties.

Frequently asked questions

What is the current guideline value of Poovarasampoo Street?

The current guideline value of Poovarasampoo Street is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 300 per sq.ft from 2012 to 2024, with a decrease to Rs 201 per sq.ft in 2017 and an increase back to Rs 300 per sq.ft in 2023.

What is the median guideline value in Ponthoor?

The median guideline value for the 79 streets in Ponthoor is Rs 300 per sq.ft, which is the same as the guideline value for Poovarasampoo Street.

What are the stamp duty and registration fees for properties in Poovarasampoo Street?

The stamp duty is 7% and the registration fee is 2% of the guideline value. For a 1,000 sq.ft plot, the total registration charges would be Rs 27,000.

Which office handles registrations for Poovarasampoo Street?

The Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone, handles registrations for Poovarasampoo Street.