Guideline Value for POOMBAVAIYAR STREET (WARD -7)

Poombavaiyar Street (Ward -7) guideline value

The current guideline value of Poombavaiyar Street (Ward -7) is Rs 1,320 per sq.ft. This street is located in Kattankollatur village, under the Chengleput Joint II SRO, and is classified as Residential Special Type - V.

How the guideline value of Poombavaiyar Street (Ward -7) has changed

The guideline value for Poombavaiyar Street has undergone several revisions over the years. In the 2012 revision, the value was Rs 1,200 per sq.ft, which then decreased to Rs 804 per sq.ft in the 2017 revision, marking a decline of 33%. However, this value saw a significant increase of 49% in the 2023 revision, bringing it up to Rs 1,200 per sq.ft. The latest revision in 2024 has set the guideline value at Rs 1,320 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 for Poombavaiyar Street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Kattankollatur

In Kattankollatur, there are 453 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 3,612 per sq.ft. The median guideline value in the village is Rs 1,100 per sq.ft, placing Poombavaiyar Street's 2024 figure above this median.

• Poongundranar Street (Ward -7): Rs 1,320 per sq.ft (2024)
• Ponniamman Koil Street Peramanur (Ward -15): Rs 440 per sq.ft (2024)
• Popayar Street (Ward -7): Rs 1,320 per sq.ft (2024)
• Post Office Street (Ward -15): Rs 440 per sq.ft (2024)
• Ponmudiar Street (Ward -6): Rs 1,320 per sq.ft (2024)
• Poultry Farm Quarters (Ward -19): Rs 440 per sq.ft (2024)

Stamp duty and registration fee for property in Poombavaiyar Street (Ward -7)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value would be Rs 13,20,000. The stamp duty at 7% would amount to Rs 92,400, while the registration fee at 2% would be Rs 26,400. Together, the total cost for stamp duty and registration would be Rs 1,18,800. It is essential to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Poombavaiyar Street (Ward -7)?

The Sub Registrar Office that covers Poombavaiyar Street (Ward -7) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Kattankollatur. It serves as a benchmark for determining the minimum price at which a property can be registered, ensuring that the transaction is documented accurately and fairly.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. This helps to standardize property transactions and provides a basis for taxation, making it an essential factor for both buyers and sellers in the real estate market.

Frequently asked questions

What is the current guideline value of Poombavaiyar Street (Ward -7)?

The current guideline value of Poombavaiyar Street (Ward -7) is Rs 1,320 per sq.ft, effective from July 1, 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then increased to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,320 per sq.ft in 2024.

What are the stamp duty and registration fees for properties on Poombavaiyar Street?

For a property valued at Rs 13,20,000, the stamp duty would be Rs 92,400 and the registration fee would be Rs 26,400, totaling Rs 1,18,800.

Which office handles registrations for Poombavaiyar Street?

The Chengleput Joint II Sub Registrar Office handles registrations for Poombavaiyar Street (Ward -7), located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

What is the land classification for Poombavaiyar Street?

Poombavaiyar Street is classified as Residential Special Type - V, which indicates its designation for residential use within the area.