Guideline Value for POOJA AVENUE

Pooja Avenue guideline value

The current guideline value of Pooja Avenue in Pazhanthandalam village under the Padappai SRO is Rs 1,970 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - IV.

How the guideline value of Pooja Avenue has changed

The guideline value for Pooja Avenue has seen significant changes over the years. In the 2017 revision, the value was Rs 1,200 per sq.ft. This increased to Rs 1,792 per sq.ft in the 2023 revision, marking a 49% rise. The current 2024 revision reflects a further increase to Rs 1,970 per sq.ft, which is a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Pazhanthandalam

Pazhanthandalam village has a total of 57 streets under the Padappai SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 1,980 per sq.ft. The median guideline value in this village is Rs 1,100 per sq.ft, positioning Pooja Avenue's 2024 figure above this median.

• Portia: Rs 1,100 per sq.ft (2024)
• Ragavendira Nagar: Rs 1,100 per sq.ft (2024)
• Raghavendra Nagar Extn I to V: Rs 770 per sq.ft (2024)
• Pazhanthandalam Main Road: Rs 1,100 per sq.ft (2024)
• Ramamurthy Nagar - I: Rs 1,200 per sq.ft (2024)
• Ramamurthy Nagar - II: Rs 1,200 per sq.ft (2024)

Stamp duty and registration fee for property in Pooja Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 1,970 per sq.ft, the total guideline value amounts to Rs 19,70,000. The stamp duty at 7% would be Rs 1,37,900, while the registration fee at 2% would be Rs 39,400, bringing the total fees to Rs 1,77,300. 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 Pooja Avenue?

The Sub Registrar Office that covers Pooja Avenue is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role during the registration of property transactions in Pazhanthandalam. It is used to determine the applicable stamp duty and registration fees, ensuring that the government receives the correct revenue from property sales.

When buying or selling property, the guideline value is assessed to establish the minimum value for registration purposes. Buyers should be aware that the stamp duty is charged on either the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Pooja Avenue?

The current guideline value of Pooja Avenue is Rs 1,970 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,200 per sq.ft in 2017 to Rs 1,970 per sq.ft in 2024. This represents a total increase of 64% over these years.

What is the land classification for Pooja Avenue?

Pooja Avenue is classified as Residential Special Type - IV, indicating its designated use for residential purposes.

Where is the Padappai Sub Registrar Office located?

The Padappai Sub Registrar Office is located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

How is the stamp duty calculated for properties in Pooja Avenue?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the guideline value of Rs 1,970 per sq.ft would incur a total stamp duty of Rs 1,37,900.