Guideline Value for Rosappoo Street

Rosappoo Street guideline value

The current guideline value of Rosappoo 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 Rosappoo Street has changed

Over the years, the guideline value of Rosappoo Street has seen several revisions. The 2012 revision set the value at Rs 300 per sq.ft, which remained unchanged in the subsequent revisions of 2017 and 2023. The 2017 revision marked a significant increase from Rs 201 per sq.ft in 2017 to Rs 300 per sq.ft in 2023, reflecting a 49% increase. However, from 2023 to 2024, there was no change, maintaining the value at Rs 300 per sq.ft.

The register has no figures for the years 2002, 2003, and 2007. Therefore, the only revisions available are from 2012, 2017, 2023, and the current figure from 2024, which shows an overall change of 0% from 2012 to 2024.

Guideline values in Ponthoor

Ponthoor village has a total of 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 value for these streets is Rs 300 per sq.ft, which aligns with the guideline value of Rosappoo Street.

• Rkp Residency: Rs 2,239 per sq.ft (2024)
• Ramesh Nagar Part II: Rs 709 per sq.ft (2024)
• Ramesh Nagar Part - I: Rs 310 per sq.ft (2024)
• Samanthi Poo Street: Rs 300 per sq.ft (2024)
• Sampangi 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 Rosappoo 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, charged at 7%, would amount to Rs 21,000, while the registration fee at 2% would be Rs 6,000, bringing the total 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 information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Rosappoo Street?

The Sub Registrar Office that covers Rosappoo 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 details.

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

The guideline value plays a crucial role during the registration process of property transactions in Ponthoor. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees.

When buying or selling property, the guideline value is compared with the actual sale price. The higher of the two values is used to calculate the stamp duty, which is a mandatory fee for property transactions. This ensures that the transaction is recorded accurately and complies with local regulations.

Frequently asked questions

What is the current guideline value of Rosappoo Street?

The current guideline value of Rosappoo 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 since 2012, with a notable increase from Rs 201 per sq.ft in 2017. There was no change from 2023 to 2024.

What is the land classification for Rosappoo Street?

Rosappoo Street is classified as Residential Class III Type - I, indicating its suitability for residential development.

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

The Sriperumpudur Sub Registrar Office covers Rosappoo Street and is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is stamp duty calculated for properties in Ponthoor?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 3,00,000, the stamp duty would be Rs 21,000 at a rate of 7%.