Guideline Value for Kannampulli chetti street north

Kannampulli chetti street north guideline value

The current guideline value for Kannampulli chetti street north is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Poonthamallee village under the Poonamallee SRO and is classified as Residential Class II Type - I.

How the guideline value of Kannampulli chetti street north has changed

The guideline value for Kannampulli chetti street north has seen significant changes over the years. In 2007, the guideline value was Rs 400 per sq.ft, which increased to Rs 2,000 per sq.ft in 2012, marking a substantial rise of 400%. However, it then decreased to Rs 1,340 per sq.ft in 2017, a decline of 33%. The value rose again to Rs 2,000 per sq.ft in 2023, and now stands at Rs 2,200 per sq.ft in 2024, reflecting a 10% increase from the previous year. There are no figures available for the years 2002 and 2003 in the register for this street.

Overall, from 2007 to 2024, the guideline value has increased by 450%, demonstrating the fluctuations in property valuations over the years. The revisions show a pattern of both increases and decreases, with the most recent figure aligning with the median guideline value of Rs 2,200 per sq.ft for the village.

Guideline values in Poonthamallee

Poonthamallee village has a total of 257 streets under the Poonamallee SRO, with guideline values ranging from Rs 1,980 to Rs 4,950 per sq.ft. The median guideline value is Rs 2,200 per sq.ft, which is the same as the current value for Kannampulli chetti street north. Below are some other streets in Poonthamallee:

• Kannampulli chetti street south: Rs 2,200 per sq.ft (2024)
• Kannampulli chetti street west: Rs 2,200 per sq.ft (2024)
• Kandaswamy nagar exten: Rs 2,200 per sq.ft (2024)
• Kandaswamy nagar: Rs 2,200 per sq.ft (2024)
• Kantharupan nagar: Rs 2,200 per sq.ft (2024)
• Karaiyanchavadi street (west): Rs 3,250 per sq.ft (2024)

Stamp duty and registration fee for property in Kannampulli chetti street north

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total cost for these fees to Rs 1,98,000. Please note that duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kannampulli chetti street north?

The Sub Registrar Office that covers Kannampulli chetti street north 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 Poonthamallee

The guideline value is a crucial factor in property transactions in Poonthamallee. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the official valuation of the property. It is important for buyers and sellers to be aware of this value to ensure that they are complying with legal requirements during the registration process.

Frequently asked questions

What is the current guideline value for Kannampulli chetti street north?

The current guideline value for Kannampulli chetti street north is Rs 2,200 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 400 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2024. The value increased by 450% overall during this period, with various fluctuations in between.

What is the median guideline value for streets in Poonthamallee?

The median guideline value for streets in Poonthamallee is Rs 2,200 per sq.ft, which is the same as the current value for Kannampulli chetti street north.

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

For a property valued at Rs 22,00,000, the stamp duty is Rs 1,54,000 and the registration fee is Rs 44,000, totaling Rs 1,98,000. These fees are based on the guideline value or the sale price, whichever is higher.

Which office handles the registration for Kannampulli chetti street north?

The Poonamallee Sub Registrar Office handles the registration for Kannampulli chetti street north, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056.