Guideline Value for P.G.P NAGAR 5TH STREET

P.G.P Nagar 5th Street guideline value

The current guideline value of P.G.P Nagar 5th Street 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 P.G.P Nagar 5th Street has changed

The guideline value for P.G.P Nagar 5th Street has seen several revisions over the years. The 2012 revision set the value at Rs 2,000 per sq.ft, which was then decreased to Rs 1,340 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 2,000 per sq.ft in 2023, and further rose to Rs 2,200 per sq.ft in the 2024 revision. There are no figures available for the years 2002, 2003, and 2007 in the register for this street.

From 2017 to 2023, the guideline value increased by 49%. However, there was a decrease of 33% from 2012 to 2017. Overall, comparing the 2012 revision to the current 2024 revision, there has been a 10% increase in the guideline value.

Guideline values in Poonthamallee

In Poonthamallee, there are 257 streets under the Poonamallee SRO that carry a 2024 guideline value, ranging from Rs 1,980 to Rs 4,950 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, which is the same as the 2024 guideline value for P.G.P Nagar 5th Street.

• P.G.P Nagar 4th Street: Rs 2,200 per sq.ft (2024)
• P.G.P Nagar Extension: Rs 2,210 per sq.ft (2024)
• P.G.P Nagar 3rd Street: Rs 2,200 per sq.ft (2024)
• P.G.P Nagar 2nd Street: Rs 2,200 per sq.ft (2024)
• P.G.P Nagar 1st Street: Rs 2,200 per sq.ft (2024)
• Pillaiyar koil st: Rs 2,740 per sq.ft (2024)

Stamp duty and registration fee for property in P.G.P Nagar 5th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value is 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, together amounting to Rs 1,98,000. Please 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 P.G.P Nagar 5th Street?

The P.G.P Nagar 5th Street is covered by 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 an important factor in property transactions in Poonthamallee. It is used to determine the stamp duty and registration fees that must be paid when a property is bought or sold. This value helps ensure that the fees are calculated fairly based on the property's assessed worth.

When buying or selling property, both the buyer and seller should be aware of the guideline value as it directly impacts the total cost of the transaction. It is advisable to check the latest figures to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of P.G.P Nagar 5th Street?

The current guideline value of P.G.P Nagar 5th Street 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 from Rs 2,000 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, then to Rs 2,000 in 2023, and finally to Rs 2,200 in 2024. There are no figures available for the years 2002, 2003, and 2007.

What is the land classification of P.G.P Nagar 5th Street?

P.G.P Nagar 5th Street is classified as Residential Class II Type - I.

What are the stamp duty and registration fees for property in P.G.P Nagar 5th Street?

For a 1,000 sq.ft plot, the total guideline value is 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.

Which office handles property registration for P.G.P Nagar 5th Street?

The Poonamallee Sub Registrar Office handles property registration for P.G.P Nagar 5th Street, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056.