Guideline Value for Prasanthi Avenue

Prasanthi Avenue guideline value

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

How the guideline value of Prasanthi Avenue has changed

The guideline value for Prasanthi Avenue has seen several revisions over the years. In 2007, the value was Rs 120 per sq.ft, which increased to Rs 300 per sq.ft in 2012. However, it then decreased to Rs 201 per sq.ft in 2017. The 2023 revision maintained the value at Rs 300 per sq.ft, which remains unchanged in the 2024 revision.

From 2017 to 2023, the guideline value increased by 49%. The overall change from 2007 to 2024 reflects a significant increase of 150%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Ponthoor

In Ponthoor village, there are 79 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 2,239 per sq.ft. The median guideline value is Rs 300 per sq.ft, which matches the current value for Prasanthi Avenue.

• Poovarasampoo Street: 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)
• Raja Reddy Avenue: Rs 448 per sq.ft (2024)
• Patturosa Poo Street: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Prasanthi Avenue

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, and the registration fee at 2% would be Rs 6,000, totaling Rs 27,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Prasanthi Avenue?

The Sub Registrar Office that covers Prasanthi Avenue 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 during the registration of property transactions in Ponthoor. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold.

When a buyer or seller engages in a property transaction, the guideline value is considered to ensure that the appropriate taxes are collected. This value helps to maintain transparency and consistency in property dealings within the region.

Frequently asked questions

What is the current guideline value of Prasanthi Avenue?

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

How has the guideline value changed over the years?

The guideline value has seen various changes, starting from Rs 120 per sq.ft in 2007, increasing to Rs 300 per sq.ft in 2012, dropping to Rs 201 per sq.ft in 2017, and remaining at Rs 300 per sq.ft in both 2023 and 2024.

What is the median guideline value in Ponthoor?

The median guideline value in Ponthoor is Rs 300 per sq.ft, which is the same as the current guideline value for Prasanthi Avenue.

What are the stamp duty and registration fees for properties in Prasanthi Avenue?

For a property valued at Rs 3,00,000, the stamp duty would be Rs 21,000 and the registration fee would be Rs 6,000, totaling Rs 27,000.

Where is the Sub Registrar Office for Prasanthi Avenue located?

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