Guideline Value

Corporate

Guideline Value for MOUNT POONAMALLEE ROAD

₹6600/sq.ft.

The guideline value for Mount Poonamallee Road in Manapakkam village (Chennai South Joint I SRO, Chennai zone) is Rs 6600 per sq.ft, effective 1 July 2024. It was Rs 6000 per sq.ft from 1 April 2023, a 10% change. The land classification is Commercial Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Manapakkam

Village

Chennai South Joint I

SRO

Commercial Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹6600 /sq.ft.
From 1-4-2023 ₹6000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹4020 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹6000 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Integrated Building For Offices Of The Commerrcial Taxes And Registrations Department ,fanepet Nandanam ,chennai -600 035
044-29510536
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]

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Mount Poonamallee Road guideline value

The current guideline value of Mount Poonamallee Road is Rs 6,600 per sq.ft, effective from 1 July 2024. This road is located in Manapakkam village and falls under the Chennai South Joint I SRO. The land classification for this area is Commercial Class I Type - I.

How the guideline value of Mount Poonamallee Road has changed

Over the years, the guideline value of Mount Poonamallee Road has seen several revisions. The most recent revision in 2024 set the value at Rs 6,600 per sq.ft, an increase from Rs 6,000 per sq.ft in 2023, marking a 10% rise. Prior to that, in 2017, the value was Rs 4,020 per sq.ft, which means there was a significant increase of 49% from 2017 to 2023. The 2012 revision had the value at Rs 6,000 per sq.ft, which was a decrease of 33% from the previous revision in 2017.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Manapakkam

In Manapakkam, there are 368 streets under the Chennai South Joint I SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 12,800 per sq.ft. The median value for these streets is Rs 2,530 per sq.ft, placing the guideline value of Mount Poonamallee Road above this median.

Stamp duty and registration fee for property in Mount Poonamallee Road

For a 1,000 sq.ft plot at the current guideline value of Rs 6,600 per sq.ft, the total guideline value would be Rs 66,00,000. The stamp duty at 7% would amount to Rs 4,62,000, and the registration fee at 2% would be Rs 1,32,000, bringing the total cost for these fees to Rs 5,94,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Mount Poonamallee Road?

The Sub Registrar Office that covers Mount Poonamallee Road is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Manapakkam. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees. Buyers and sellers must be aware of this value to avoid any discrepancies during the transaction process.

When purchasing property, the guideline value affects the overall costs involved in registration. Buyers should consider this value alongside the sale price, as the higher of the two will be used to calculate applicable duties and fees.

Frequently asked questions

What is the current guideline value of Mount Poonamallee Road?

The current guideline value of Mount Poonamallee Road is Rs 6,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 6,000 per sq.ft in 2023 to Rs 6,600 per sq.ft in 2024, a 10% increase. It was Rs 4,020 per sq.ft in 2017, showing a 49% increase from 2017 to 2023.

What is the land classification for Mount Poonamallee Road?

The land classification for Mount Poonamallee Road is Commercial Class I Type - I, indicating its suitability for commercial activities.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Mount Poonamallee Road is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.

What are the stamp duty and registration fees for properties on this road?

The stamp duty for properties on Mount Poonamallee Road is 7%, and the registration fee is 2%. For example, for a property valued at Rs 66,00,000, the total fees would amount to Rs 5,94,000.