Guideline Value for sriperumpudur chengalpattu road

Sriperumpudur Chengalpattu Road guideline value

The current guideline value for Sriperumpudur Chengalpattu Road is Rs 700 per sq.ft, effective from 1 July 2024. This property is located in Ponthoor village, under the Sriperumpudur SRO, with a land classification of Commercial Class I Type - I.

How the guideline value of Sriperumpudur Chengalpattu Road has changed

The guideline value for Sriperumpudur Chengalpattu Road has seen several revisions over the years. In 2012, the value was set at Rs 700 per sq.ft, which remained unchanged in the 2023 revision. However, from 2017 to 2023, there was a significant increase of 49%, with the value rising from Rs 469 per sq.ft in 2017 to Rs 700 per sq.ft in 2023. The 2024 revision maintains this figure, showing no change from the previous year.

Looking further back, the register has no figures for the years 2002, 2003, and 2007 for this street. The 2012 revision marked a return to Rs 700 per sq.ft after a decrease of 33% from Rs 700 in 2012 to Rs 469 in 2017. Overall, from 2012 to 2024, the guideline value has remained constant at Rs 700 per sq.ft.

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, placing the Sriperumpudur Chengalpattu Road guideline value above that median.

• Srinivasa Nagar: Rs 709 per sq.ft (2024)
• Sri Ram Nagar: Rs 300 per sq.ft (2024)
• Sri Lakshmi Nagar: Rs 402 per sq.ft (2024)
• Sri krishna Nagar: Rs 500 per sq.ft (2024)
• Sri Vinayaga Nagar: Rs 300 per sq.ft (2024)
• Sri Vishnu Nagar: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Sriperumpudur Chengalpattu Road

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total guideline value amounts to Rs 7,00,000. The stamp duty, charged at 7%, would be Rs 49,000, while the registration fee at 2% would be Rs 14,000. The total cost for these fees together would be Rs 63,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more detailed calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sriperumpudur Chengalpattu Road?

The Sriperumpudur Chengalpattu Road is covered by 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 when buying or selling property in Ponthoor, as it determines the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees that are payable at the time of registration.

When a property transaction occurs, the guideline value serves as a benchmark to ensure that the property is not sold below a certain value, thereby protecting the interests of both the buyer and the seller during the registration process.

Frequently asked questions

What is the current guideline value for Sriperumpudur Chengalpattu Road?

The current guideline value for Sriperumpudur Chengalpattu Road is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 700 per sq.ft since 2012, with a significant increase from Rs 469 per sq.ft in 2017 to Rs 700 in 2023. The value has not changed from 2023 to 2024.

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

Other streets in Ponthoor have varying guideline values, ranging from Rs 200 to Rs 2,239 per sq.ft. For example, Srinivasa Nagar is valued at Rs 709 per sq.ft, while Sri Ram Nagar is at Rs 300 per sq.ft.

What fees are applicable when registering property in Sriperumpudur Chengalpattu Road?

The fees applicable include a stamp duty of 7% and a registration fee of 2% based on the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Sriperumpudur Chengalpattu Road?

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