Guideline Value

Corporate

Guideline Value for MOUNT POONAMALLEE TRUNK ROAD

₹5500/sq.ft.

The guideline value for Mount Poonamallee Trunk Road in Karambakkam village (Chennai South Joint I SRO, Chennai zone) is Rs 5500 per sq.ft, effective 1 July 2024. It was Rs 5000 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

Karambakkam

Village

Chennai South Joint I

SRO

Commercial Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹5500 /sq.ft.
From 1-4-2023 ₹5000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹3350 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹5000 /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]
Records for a plot on Mount Poonamallee Trunk Road

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Mount Poonamallee Trunk Road guideline value

The current guideline value of Mount Poonamallee Trunk Road is Rs 5,500 per sq.ft, effective from 1 July 2024. This road is located in Karambakkam village and falls under the Chennai South Joint I SRO, classified as Commercial Class I Type - I.

How the guideline value of Mount Poonamallee Trunk Road has changed

The guideline value for Mount Poonamallee Trunk Road has seen several revisions over the years. The earliest recorded figure is from 2012, where the value was Rs 5,000 per sq.ft. This was followed by a decrease to Rs 3,350 per sq.ft in 2017. In 2023, the guideline value increased to Rs 5,000 per sq.ft, and the most recent revision in 2024 set it at Rs 5,500 per sq.ft.

From 2017 to 2023, there was a significant increase of 49%, while the change from 2023 to 2024 reflects a 10% rise. Overall, from 2012 to 2024, the guideline value has increased by 10%. There are no recorded figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Karambakkam

In Karambakkam, there are 159 streets under the Chennai South Joint I SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 5,500 per sq.ft. The median value for these streets is Rs 1,930 per sq.ft, placing Mount Poonamallee Trunk Road's 2024 figure above that median.

Stamp duty and registration fee for property in Mount Poonamallee Trunk Road

For a 1,000 sq.ft plot at the current guideline value of Rs 5,500 per sq.ft, the total guideline value would be Rs 55,00,000. The stamp duty at 7% would amount to Rs 3,85,000, and the registration fee at 2% would be Rs 1,10,000, bringing the total fees together to Rs 4,95,000. 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 Mount Poonamallee Trunk Road?

The Sub Registrar Office that covers Mount Poonamallee Trunk 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 further assistance.

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

The guideline value is a crucial factor when buying or selling property in Karambakkam, as it determines the stamp duty and registration fees applicable during the transaction. Buyers must be aware that the guideline value is used as a basis for calculating these fees, ensuring compliance with local regulations.

When registering a property, the buyer is required to pay the stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Mount Poonamallee Trunk Road?

The current guideline value of Mount Poonamallee Trunk Road is Rs 5,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 5,000 per sq.ft in 2012 to Rs 3,350 per sq.ft in 2017, then back to Rs 5,000 per sq.ft in 2023, and finally to Rs 5,500 per sq.ft in 2024.

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

For a 1,000 sq.ft property at the current guideline value, the total fees would be Rs 4,95,000, which includes stamp duty and registration fees based on the guideline value.

Which Sub Registrar Office covers this area?

The Chennai South Joint I Sub Registrar Office covers Mount Poonamallee Trunk Road, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.

What is the median guideline value in Karambakkam?

The median guideline value for streets in Karambakkam is Rs 1,930 per sq.ft, with Mount Poonamallee Trunk Road's value being significantly higher at Rs 5,500 per sq.ft.