Guideline Value for Semparuthi Poo Street

Semparuthi Poo Street guideline value

The current guideline value of Semparuthi Poo Street 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 Semparuthi Poo Street has changed

Over the years, the guideline value for Semparuthi Poo Street has seen several revisions. The 2012 revision set the value at Rs 300 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 201 per sq.ft. The value then increased significantly by 49% to Rs 300 per sq.ft in the 2023 revision, and it has remained the same in the 2024 revision, reflecting a 0% change from the previous year. The register has no figures for the years 2002, 2003, and 2007.

From the 2012 revision to the 2024 revision, the overall change is 0%, indicating stability in the guideline value during this period. The fluctuations between the revisions highlight the variations in property valuation, with the most significant change occurring between the 2017 and 2023 revisions.

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 Semparuthi Poo Street.

• Seshadri Nagar: Rs 709 per sq.ft (2024)
• Sevvalli Poo Street: Rs 300 per sq.ft (2024)
• Sevvanthipoo Street: Rs 300 per sq.ft (2024)
• Shanthi Avenue: Rs 448 per sq.ft (2024)
• Sivayogam Nagar: Rs 300 per sq.ft (2024)
• Sampangi Poo Street: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Semparuthi 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 cost for these fees 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 Semparuthi Poo Street?

The Sub Registrar Office that covers Semparuthi Poo Street is 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 is a crucial factor in the registration process when buying or selling property in Ponthoor. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the transaction is recorded at a fair value as determined by the government.

When a property is sold, the buyer must pay the stamp duty based on the higher of the guideline value or the sale price. This ensures that the government receives appropriate revenue from property transactions, reflecting the value of the property as per the current guidelines.

Frequently asked questions

What is the current guideline value of Semparuthi Poo Street?

The current guideline value of Semparuthi 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 at Rs 300 per sq.ft since 2023, with a significant increase from Rs 201 per sq.ft in 2017. The value was Rs 300 per sq.ft in 2012, showing stability overall from 2012 to 2024.

What is the land classification for Semparuthi Poo Street?

Semparuthi Poo Street is classified as Residential Class III Type - I, indicating its suitability for residential purposes.

Which Sub Registrar Office should I contact for property transactions in Semparuthi Poo Street?

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

What are the stamp duty and registration fees for property transactions?

The stamp duty is charged at 7% of the guideline value or sale price, while the registration fee is 2%. For a 1,000 sq.ft plot at the current rate, the total fees would amount to Rs 27,000.