Guideline Value for Sevvanthipoo Street

Sevvanthipoo Street guideline value

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

How the guideline value of Sevvanthipoo Street has changed

The guideline value for Sevvanthipoo Street has seen several revisions over the years. The 2012 revision set the value at Rs 300 per sq.ft, which remained unchanged until the 2023 revision, also at Rs 300 per sq.ft. The 2017 revision recorded a lower value of Rs 201 per sq.ft, reflecting a decrease of 33% from the previous 2012 figure. From 2017 to 2023, there was a significant increase of 49%, bringing the value back to Rs 300 per sq.ft.

With the 2024 revision, the guideline value remains unchanged at Rs 300 per sq.ft, indicating a 0% change from the previous year. 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 that carry a 2024 guideline value, ranging from Rs 200 to Rs 2,239 per sq.ft. The median value is Rs 300 per sq.ft, which aligns with the current guideline value for Sevvanthipoo Street.

• Sevvalli Poo Street: Rs 300 per sq.ft (2024)
• Seshadri Nagar: Rs 709 per sq.ft (2024)
• Shanthi Avenue: Rs 448 per sq.ft (2024)
• Semparuthi Poo Street: Rs 300 per sq.ft (2024)
• Sivayogam Nagar: Rs 300 per sq.ft (2024)
• Sps Nagar: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Sevvanthipoo Street

For a 1,000 sq.ft plot at the current rate of Rs 300 per sq.ft, the 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, totaling Rs 27,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Sevvanthipoo Street?

The Sevvanthipoo Street is covered by 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 an essential factor during property registration in Ponthoor. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that both buyers and sellers are aware of the official value set by the government.

When a property is bought or sold, the guideline value helps in calculating the necessary fees, which are based on the higher of the guideline value or the sale price. This process ensures transparency and uniformity in property transactions.

Frequently asked questions

What is the current guideline value of Sevvanthipoo Street?

The current guideline value of Sevvanthipoo Street is Rs 300 per sq.ft, effective from the 2024 revision.

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 of 49% from Rs 201 per sq.ft in 2017 to Rs 300 per sq.ft in 2023.

What is the land classification for Sevvanthipoo Street?

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

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

The Sub Registrar Office covering Sevvanthipoo Street is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is stamp duty calculated for properties in Sevvanthipoo Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a 1,000 sq.ft plot at the current guideline value would incur a total of Rs 27,000 in fees.