Guideline Value for Board school kootroad 169/2

Board school kootroad 169/2 guideline value

The current guideline value for Board school kootroad 169/2 is Rs 1,100 per sq.ft, effective from 1 July 2024. This property is located in Madavilagam village under the Poonamallee SRO and is classified as Residential Class I Type - I.

How the guideline value of Board school kootroad 169/2 has changed

The guideline value for Board school kootroad 169/2 has seen several revisions over the years. The earliest recorded figure is from 2007, where it was Rs 250 per sq.ft. This increased significantly to Rs 1,000 per sq.ft in 2012, marking a substantial rise of 300%. However, the value dropped to Rs 670 per sq.ft in 2017, a decrease of 33%. The subsequent revision in 2023 brought it back up to Rs 1,000 per sq.ft, and the latest revision in 2024 has set it at Rs 1,100 per sq.ft, reflecting a 10% increase from the previous year.

There are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 340%.

Guideline values in Madavilagam

In Madavilagam, there are 37 streets under the Poonamallee SRO that carry a 2024 guideline value ranging from Rs 660 to Rs 2,200 per sq.ft, with the median being Rs 1,100 per sq.ft. The guideline value for Board school kootroad 169/2 is equal to this median.

• Board school kootroad 169/1: Rs 1,100 per sq.ft (2024)
• Chennai Bangalore High Road: Rs 2,200 per sq.ft (2024)
• Bajanai koil street: Rs 1,100 per sq.ft (2024)
• ARK Vigneshwarar: Rs 1,100 per sq.ft (2024)
• Gangaikondan mandappa veethi 169/1,2: Rs 1,100 per sq.ft (2024)
• Industrial Estate 113/2: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Board school kootroad 169/2

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total fees together to Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Board school kootroad 169/2?

The Sub Registrar Office that covers Board school kootroad 169/2 is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Madavilagam. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When a property is sold, the sale price cannot be lower than the guideline value. This ensures that all transactions are conducted transparently and that the government receives its due taxes based on the established guideline values.

Frequently asked questions

What is the current guideline value for Board school kootroad 169/2?

The current guideline value for Board school kootroad 169/2 is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 250 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024, reflecting an overall increase of 340% over the years.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, while the registration fee is 2% of the same. For a 1,000 sq.ft property, the total fees would amount to Rs 99,000.

Which office handles property registrations for Board school kootroad 169/2?

The Poonamallee Sub Registrar Office handles property registrations for Board school kootroad 169/2, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056.

What is the land classification for Board school kootroad 169/2?

The land classification for Board school kootroad 169/2 is Residential Class I Type - I, indicating its suitability for residential purposes.