Guideline Value for POOJA AVENUE ANNEX

Pooja Avenue Annex guideline value

The current guideline value of Pooja Avenue Annex is Rs 2,750 per sq.ft, effective from 1 July 2024. This property is located in Moonramkattalai village under the Kunrathur SRO, classified as Residential Class II Type - I.

How the guideline value of Pooja Avenue Annex has changed

The guideline value for Pooja Avenue Annex has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 2,750 per sq.ft, up from Rs 2,500 per sq.ft in 2023, marking a 10% increase. Prior to that, in 2017, the value was Rs 1,675 per sq.ft, indicating a significant increase of 49% to the 2023 figure. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Overall, from 2017 to 2024, the guideline value has increased by 64%. This consistent rise reflects changes in the valuation of the property over the years, with the latest revision being the highest recorded for this location.

Guideline values in Moonramkattalai

In Moonramkattalai, there are 43 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 650 to Rs 2,750 per sq.ft. The median value for these streets is Rs 650 per sq.ft, placing Pooja Avenue Annex above that median.

• Poniyamman Koil Street/santhu: Rs 650 per sq.ft (2024)
• Poniyamman Koil Street: Rs 650 per sq.ft (2024)
• Pillaiyar koil Street: Rs 650 per sq.ft (2024)
• Ramamoorthy Avenue: Rs 2,750 per sq.ft (2024)
• Ondicherry (Ondi Colony): Rs 1,000 per sq.ft (2024)
• R.M.P. Nagar: Rs 1,800 per sq.ft (2024)

Stamp duty and registration fee for property in Pooja Avenue Annex

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value would be Rs 27,50,000. The stamp duty at 7% would amount to Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, totaling Rs 2,47,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can also use the stamp duty and registration fee calculator for precise calculations.

Which Sub Registrar Office covers Pooja Avenue Annex?

The Pooja Avenue Annex falls under the jurisdiction of the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Moonramkattalai. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

When a property is sold, the guideline value ensures that the transaction is registered at a fair value, thus helping maintain transparency in property dealings. Buyers and sellers should be aware of the current guideline value to ensure compliance with local regulations and accurate financial planning.

Frequently asked questions

What is the current guideline value of Pooja Avenue Annex?

The current guideline value of Pooja Avenue Annex is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,675 per sq.ft in 2017 to Rs 2,750 per sq.ft in 2024, reflecting an overall increase of 64% over the seven years.

What is the registration office for Pooja Avenue Annex?

The registration office for Pooja Avenue Annex is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.

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

For a property valued at Rs 27,50,000, the stamp duty would be Rs 1,92,500, and the registration fee would be Rs 55,000, totaling Rs 2,47,500.

What is the land classification for Pooja Avenue Annex?

Pooja Avenue Annex is classified as Residential Class II Type - I, indicating its suitability for residential development.