Guideline Value

Corporate

Guideline Value for POOMAGAL 3RD ROAD (STREET)

₹5500/sq.ft.

The guideline value for Poomagal 3rd Road (street) in Ekkaduthangal 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 Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Ekkaduthangal

Village

Chennai South Joint I

SRO

Residential Special 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 Poomagal 3rd Road (street)

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Poomagal 3rd Road (Street) guideline value

The current guideline value of Poomagal 3rd Road (Street) is Rs 5,500 per sq.ft, effective from 1 July 2024. This street is located in Ekkaduthangal village under the Chennai South Joint I SRO, classified as Residential Special Type - I.

How the guideline value of Poomagal 3rd Road (Street) has changed

Looking at the historical revisions, the guideline value for Poomagal 3rd Road (Street) has seen several changes. In the 2012 revision, the value was Rs 5,000 per sq.ft, which then decreased to Rs 3,350 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 5,000 per sq.ft in the 2023 revision, and most recently, it has risen to Rs 5,500 per sq.ft in the 2024 revision, marking a 10% increase from the previous year. The register has no figures for the years 2002, 2003, and 2007.

From 2012 to 2017, there was a decrease of 33%, but from 2017 to 2023, the value increased by 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Ekkaduthangal

In Ekkaduthangal, there are 190 streets under the Chennai South Joint I SRO with a 2024 guideline value ranging from Rs 3,080 to Rs 8,800 per sq.ft. The median value for these streets is Rs 4,620 per sq.ft, and Poomagal 3rd Road (Street) is above this median.

Stamp duty and registration fee for property in Poomagal 3rd Road (Street)

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 and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Poomagal 3rd Road (Street)?

The Poomagal 3rd Road (Street) falls under 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. To find your SRO, you can click here.

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

The guideline value is a critical factor during property registration in Ekkaduthangal. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the correct stamp duty and registration fees based on this value.

When buying or selling property, the guideline value helps in assessing the appropriate fees that need to be paid. It is essential to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Poomagal 3rd Road (Street)?

The current guideline value of Poomagal 3rd Road (Street) 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 to Rs 5,000 per sq.ft in 2023, and finally to Rs 5,500 per sq.ft in 2024.

What are the other streets in Ekkaduthangal with the same guideline value?

Other streets in Ekkaduthangal with a guideline value of Rs 5,500 per sq.ft in 2024 include Poomagal 1st Road, Poomagal 2nd Road, Poomagal 4th Road, Poomagal 5th Road, Poomagal Main Rd, and Poomagal Road.

What is the registration fee for a property in Poomagal 3rd Road (Street)?

The registration fee is calculated as 2% of the guideline value. For a property valued at Rs 55,00,000, the registration fee would be Rs 1,10,000.

Where can I find my Sub Registrar Office?

The Sub Registrar Office covering Poomagal 3rd Road (Street) is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find your SRO by clicking here.