Guideline Value for FLOWERS ROAD (POOKARAN STREET)

Flowers Road (Pookaran Street) guideline value

The current guideline value of Flowers Road (Pookaran Street) is Rs 6,000 per sq.ft, effective from 1 July 2024. This street is located in Arumbakkam village, under the jurisdiction of the Kodambakkam SRO. The land classification for this area is Residential Special Type - II.

How the guideline value of Flowers Road (Pookaran Street) has changed

The guideline value for Flowers Road (Pookaran Street) has undergone several revisions over the years. In 2007, the guideline value was Rs 1,050 per sq.ft. This increased significantly to Rs 5,500 per sq.ft in 2012, marking a rise of 424%. However, the value then decreased to Rs 3,685 per sq.ft in 2017, which represented a decline of 33%. The value rose again to Rs 5,500 per sq.ft in 2023, showing an increase of 49%. Finally, the current revision in 2024 sets the guideline value at Rs 6,000 per sq.ft, reflecting a 9% increase from the previous year.

It is important to note that there are no figures available for the years 2002 and 2003 for this street in the register. The overall change from the 2007 revision to the 2024 revision is an increase of 471%.

Guideline values in Arumbakkam

In Arumbakkam, there are 391 streets under the Kodambakkam SRO that carry a guideline value for 2024, ranging from Rs 3,300 to Rs 16,500 per sq.ft. The median guideline value for these streets is Rs 6,000 per sq.ft, which is equal to the current value of Flowers Road (Pookaran Street).

• Frends Avenue: Rs 6,000 per sq.ft (2024)
• Eswari Nagar: Rs 3,300 per sq.ft (2024)
• Gandhi Nagar II Nd Street: Rs 5,300 per sq.ft (2024)
• Gandhi Nagar I St Street: Rs 5,300 per sq.ft (2024)
• Gandhi Nagar (Panjaliamman Koil Inside): Rs 5,300 per sq.ft (2024)
• Gandhi Road: Rs 6,000 per sq.ft (2024)

Stamp duty and registration fee for property in Flowers Road (Pookaran Street)

For a 1,000 sq.ft plot at the current guideline value of Rs 6,000 per sq.ft, the total guideline value would be Rs 60,00,000. The stamp duty at 7% would amount to Rs 4,20,000, while the registration fee at 2% would be Rs 1,20,000. Together, the total cost for these fees would be Rs 5,40,000. 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 Flowers Road (Pookaran Street)?

The Sub Registrar Office that covers Flowers Road (Pookaran Street) is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find your SRO for more details.

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

When buying or selling property in Arumbakkam, the guideline value plays a crucial role in determining the stamp duty and registration fees. These fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the transaction is recorded accurately and fairly in the official documents.

Additionally, the guideline value is used to establish a baseline for property transactions in the area, helping to standardize the costs associated with property registration. This is essential for both buyers and sellers to understand the financial obligations involved in property transactions.

Frequently asked questions

What is the current guideline value of Flowers Road (Pookaran Street)?

The current guideline value of Flowers Road (Pookaran Street) is Rs 6,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, starting from Rs 1,050 per sq.ft in 2007 to Rs 6,000 per sq.ft in 2024, which is an overall increase of 471%.

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

For a property valued at Rs 60,00,000, the stamp duty would be Rs 4,20,000 and the registration fee would be Rs 1,20,000, totaling Rs 5,40,000.

Which Sub Registrar Office covers this street?

The Kodambakkam Sub Registrar Office covers Flowers Road (Pookaran Street), located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

What is the land classification for Flowers Road (Pookaran Street)?

The land classification for Flowers Road (Pookaran Street) is Residential Special Type - II, indicating its designated use within the area.