Guideline Value for Vaagai Poo Street

Vaagai Poo Street guideline value

The current guideline value of Vaagai 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 Vaagai Poo Street has changed

The guideline value for Vaagai Poo Street has seen several revisions over the years. The register shows no figures for the years 2002, 2003, and 2007. In the 2012 revision, the value was set at Rs 300 per sq.ft. This remained unchanged until the 2017 revision, where it decreased to Rs 201 per sq.ft, marking a -33% change. However, from 2017 to 2023, the value increased by 49%, bringing it back to Rs 300 per sq.ft.

The 2024 revision maintains this guideline value at Rs 300 per sq.ft, showing no change from the previous year, 2023. Overall, from the 2012 revision to the 2024 revision, the guideline value has remained constant at Rs 300 per sq.ft.

Guideline values in Ponthoor

Ponthoor village has 79 streets under the Sriperumpudur SRO with a guideline value for 2024 ranging from Rs 200 to Rs 2,239 per sq.ft. The median value is Rs 300 per sq.ft, which is equal to the guideline value of Vaagai Poo Street.

• Vadamalli Poo Street: Rs 300 per sq.ft (2024)
• Thirumala Nagar: Rs 750 per sq.ft (2024)
• Vetchi Poo Street: Rs 300 per sq.ft (2024)
• Thazhampoo Street: Rs 300 per sq.ft (2024)
• Thamarai Poo Street: Rs 500 per sq.ft (2024)
• Vijaya Avenue: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Vaagai 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 fees together to Rs 27,000. It is important to note that 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 further calculations.

Which Sub Registrar Office covers Vaagai Poo Street?

The Sub Registrar Office that covers Vaagai 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 information.

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

The guideline value is a crucial factor in property transactions in Ponthoor. It is used to determine the stamp duty and registration fees payable when a property is bought or sold. Buyers and sellers must consider this value to ensure compliance with the legal requirements during the registration process.

When registering a property, the guideline value serves as a benchmark for calculating the necessary fees. It is essential for both parties to be aware of this value to avoid any discrepancies during the transaction.

Frequently asked questions

What is the current guideline value of Vaagai Poo Street?

The current guideline value of Vaagai 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 2012, with a decrease to Rs 201 per sq.ft in 2017, followed by an increase back to Rs 300 per sq.ft in 2023.

What is the median guideline value in Ponthoor?

The median guideline value in Ponthoor is Rs 300 per sq.ft, which is the same as the guideline value for Vaagai Poo Street.

What are the stamp duty and registration fees for properties in Vaagai Poo Street?

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot at Rs 300 per sq.ft, the total fees would be Rs 27,000.

Where can I find the Sub Registrar Office for Vaagai Poo Street?

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