Guideline Value for Sampangi Poo Street

Sampangi Poo Street guideline value

The current guideline value for Sampangi Poo 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 Sampangi Poo Street has changed

The guideline value for Sampangi Poo Street has seen several revisions over the years. The most recent revisions show that the value has remained constant at Rs 300 per sq.ft for both the 2023 and 2024 revisions. The 2017 revision recorded a value of Rs 201 per sq.ft, marking a significant increase of 49% when compared to the 2017 figure. Prior to that, the 2012 revision also listed the value at Rs 300 per sq.ft, indicating a decrease of 33% from the 2017 figure.

It is important to note that there are no recorded figures for Sampangi Poo Street in the revisions of 2002, 2003, and 2007. Overall, from the 2012 revision to the 2024 revision, the guideline value has remained unchanged at Rs 300 per sq.ft.

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 guideline value for these streets is Rs 300 per sq.ft, which is equal to the current value of Sampangi Poo Street.

• Samanthi Poo Street: Rs 300 per sq.ft (2024)
• Rosappoo Street: Rs 300 per sq.ft (2024)
• Rkp Residency: Rs 2,239 per sq.ft (2024)
• Semparuthi Poo Street: Rs 300 per sq.ft (2024)
• Seshadri Nagar: Rs 709 per sq.ft (2024)
• Ramesh Nagar Part II: Rs 709 per sq.ft (2024)

Stamp duty and registration fee for property in Sampangi Poo 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, and 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 details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sampangi Poo Street?

The Sampangi Poo Street falls under the jurisdiction of the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value plays a crucial role during the registration of property transactions in Ponthoor. It is used to determine the stamp duty and registration fees applicable to the property, ensuring that the government receives the appropriate revenue from such transactions.

When buying or selling property, the guideline value serves as a benchmark for the minimum value of the property, which helps in the assessment of taxes and fees. This value is particularly important for both buyers and sellers to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Sampangi Poo Street?

The current guideline value of Sampangi Poo 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 constant at Rs 300 per sq.ft for the 2023 and 2024 revisions. It increased from Rs 201 per sq.ft in 2017 to Rs 300 per sq.ft in 2012, but overall, it has not changed from 2012 to 2024.

What is the stamp duty for property in Sampangi Poo Street?

The stamp duty for property in Sampangi Poo Street is 7% of the guideline value. For a 1,000 sq.ft plot valued at Rs 3,00,000, the stamp duty would be Rs 21,000.

Where is the Sub Registrar Office for Sampangi Poo Street located?

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

How is the guideline value used in property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions. It acts as a benchmark for the minimum value of the property, ensuring appropriate taxes and fees are assessed.