Guideline Value for Thazhampoo Street

Thazhampoo Street guideline value

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

How the guideline value of Thazhampoo Street has changed

Thazhampoo Street's guideline value has seen several revisions over the years. The 2012 revision set the value at Rs 300 per sq.ft, which remained unchanged in the subsequent 2017 revision. The 2017 revision saw a significant increase to Rs 201 per sq.ft, marking a 49% increase compared to the previous revision. However, the value reverted back to Rs 300 per sq.ft in both the 2023 and 2024 revisions, indicating no change between these two years.

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

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 is equal to the guideline value of Thazhampoo Street.

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

Stamp duty and registration fee for property in Thazhampoo Street

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, bringing the total costs 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.

You can use the stamp duty and registration fee calculator for more specific calculations.

Which Sub Registrar Office covers Thazhampoo Street?

The Sub Registrar Office that covers Thazhampoo Street is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for additional information.

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

The guideline value is a crucial factor when buying or selling property in Ponthoor, as it determines the minimum value at which the property can be registered. This value is used to calculate the stamp duty and registration fees that are applicable during the transaction.

When a property is sold, the buyer must ensure that the sale price is at least equal to the guideline value to avoid any legal complications. The registration process will utilize the guideline value to assess the applicable charges, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Thazhampoo Street?

The current guideline value of Thazhampoo 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 stable at Rs 300 per sq.ft since the 2012 revision, with a notable increase from Rs 201 per sq.ft in the 2017 revision to Rs 300 per sq.ft in 2023 and 2024.

What are the other streets in Ponthoor with their guideline values?

Other streets in Ponthoor include Thamarai Poo Street at Rs 500 per sq.ft, Thirumala Nagar at Rs 750 per sq.ft, and Suriya Gandhi Poo Street and Subasree Nagar both at Rs 300 per sq.ft, among others.

How is stamp duty calculated for properties in Thazhampoo Street?

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

Where is the Sub Registrar Office for Thazhampoo Street located?

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