Guideline Value for Vadamalli Poo Street

Vadamalli Poo Street guideline value

The current guideline value of Vadamalli 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 Vadamalli Poo Street has changed

Since the 2012 revision, the guideline value for Vadamalli Poo Street has seen fluctuations. In 2012, the value was Rs 300 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 201 per sq.ft. The subsequent 2023 revision brought the value back to Rs 300 per sq.ft, maintaining this figure into the 2024 revision, which also stands at Rs 300 per sq.ft. Notably, there are no figures available for the revisions in 2002, 2003, and 2007.

From 2017 to 2023, there was a significant increase of 49% in the guideline value, while the change from 2012 to 2017 was a decrease of 33%. Overall, from 2012 to 2024, the guideline value has remained the same, showing no overall change.

Guideline values in Ponthoor

Ponthoor village has a total of 79 streets under the Sriperumpudur SRO, with 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 equal to the guideline value of Vadamalli Poo Street.

• Vaagai 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 Vadamalli 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 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 details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Vadamalli Poo Street?

The Sub Registrar Office that covers Vadamalli 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 during the registration of property transactions in Ponthoor. It serves as a benchmark for calculating the stamp duty and registration fees that are applicable when buying or selling property.

When a property is registered, the guideline value is compared to the sale price, and the higher value is used to determine the applicable fees. This ensures that the government receives the appropriate revenue from property transactions based on the established guideline values.

Frequently asked questions

What is the current guideline value of Vadamalli Poo Street?

The current guideline value of Vadamalli 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 from 2012 to 2024, with fluctuations in previous years. It decreased to Rs 201 per sq.ft in 2017 and returned to Rs 300 per sq.ft in 2023.

What is the land classification for Vadamalli Poo Street?

Vadamalli Poo Street is classified as Residential Class III Type - I under the current guidelines.

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

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

How is stamp duty calculated for properties in Vadamalli Poo Street?

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