Guideline Value for Vetchi Poo Street

Vetchi Poo Street guideline value

The current guideline value of Vetchi 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 Vetchi Poo Street has changed

The guideline value for Vetchi Poo Street has remained steady at Rs 300 per sq.ft from the 2023 revision to the 2024 revision, showing no change. Prior to this, the 2017 revision recorded a guideline value of Rs 201 per sq.ft, marking a 49% increase when compared to the 2023 figure. The 2012 revision also had a guideline value of Rs 300 per sq.ft, indicating a decrease of 33% from the 2017 figure.

Overall, when comparing the 2012 revision to the 2024 revision, the guideline value has remained unchanged at Rs 300 per sq.ft. 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 guideline value for these streets is Rs 300 per sq.ft, which is equal to the current value of Vetchi Poo Street.

• Vijaya Avenue: Rs 300 per sq.ft (2024)
• Vijayalakshmi Nagar: Rs 402 per sq.ft (2024)
• Vijayalakshmi Nagar Part - I: Rs 402 per sq.ft (2024)
• Vijayalakshmi Town: Rs 402 per sq.ft (2024)
• Vinayaga nagar: Rs 300 per sq.ft (2024)
• Viswasanthi Nagar: Rs 500 per sq.ft (2024)

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

Which Sub Registrar Office covers Vetchi Poo Street?

The Sub Registrar Office that covers Vetchi 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 further assistance.

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

The guideline value is an essential reference point used during the registration of property transactions in Ponthoor. It helps determine the stamp duty and registration fees payable when buying or selling property in the area.

When a property is registered, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the registration reflects the true value of the property being transferred.

Frequently asked questions

What is the current guideline value of Vetchi Poo Street?

The current guideline value of Vetchi 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 for Vetchi Poo Street has remained at Rs 300 per sq.ft from 2023 to 2024. It was Rs 201 per sq.ft in 2017 and Rs 300 per sq.ft in 2012, showing a 49% increase from 2017 to 2023.

What is the land classification of Vetchi Poo Street?

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

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

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

How is the stamp duty calculated for properties in Vetchi 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 a rate of 7%.