Guideline Value for Suriya Gandhi Poo Street

Suriya Gandhi Poo Street guideline value

The current guideline value of Suriya Gandhi Poo Street is Rs 300 per sq.ft, effective from 1 July 2024. This street is located in Ponthoor village and falls under the Sriperumpudur SRO. The land classification for this street is Residential Class III Type - I.

How the guideline value of Suriya Gandhi Poo Street has changed

The guideline value for Suriya Gandhi Poo Street has seen several revisions over the years. The register shows that in 2012, the value was Rs 300 per sq.ft, which remained unchanged in the 2017 revision at Rs 201 per sq.ft. However, from 2017 to 2023, the value increased by 49%, bringing it back to Rs 300 per sq.ft. The current 2024 revision maintains this value at Rs 300 per sq.ft, reflecting no change from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has remained stable, showing a 0% change.

Guideline values in Ponthoor

Ponthoor village has a total of 79 streets under the Sriperumpudur SRO, with the 2024 guideline values ranging from Rs 200 to Rs 2,239 per sq.ft. The median value for these streets is Rs 300 per sq.ft, which is the same as the guideline value for Suriya Gandhi Poo Street.

• Thamarai Poo Street: Rs 500 per sq.ft (2024)
• Subasree Nagar: Rs 300 per sq.ft (2024)
• Thazhampoo Street: Rs 300 per sq.ft (2024)
• Sterling Gateway: Rs 750 per sq.ft (2024)
• Sri Vishnu Nagar: Rs 600 per sq.ft (2024)
• Sri Vinayaga Nagar: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Suriya Gandhi 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, 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 information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Suriya Gandhi Poo Street?

The Sub Registrar Office covering Suriya Gandhi 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 more details.

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

The guideline value is a crucial factor in property transactions, as it determines the minimum value at which a property can be registered. When buying or selling property in Ponthoor, the guideline value is used to calculate the stamp duty and registration fees, ensuring compliance with local regulations.

It is essential for buyers and sellers to be aware of the guideline value to avoid discrepancies during the registration process. Accurate knowledge of the guideline value helps in making informed decisions during property transactions.

Frequently asked questions

What is the current guideline value of Suriya Gandhi Poo Street?

The current guideline value of Suriya Gandhi 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 the same at Rs 300 per sq.ft from 2012 to 2024, with a significant increase of 49% from 2017 to 2023.

Which Sub Registrar Office covers Suriya Gandhi Poo Street?

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

What is the stamp duty for property in Suriya Gandhi Poo Street?

The stamp duty for a property valued at Rs 3,00,000 would be Rs 21,000, calculated at 7% of the guideline value.

Are there other streets in Ponthoor with different guideline values?

Yes, there are other streets in Ponthoor with varying guideline values, ranging from Rs 200 to Rs 2,239 per sq.ft, with the median being Rs 300 per sq.ft.