Guideline Value for POOMBUGAR 2ND ST

Poombugar 2nd St guideline value

The current guideline value of Poombugar 2nd St in Vilingiyambakkam village is Rs 800 per sq.ft, effective from 1 July 2024. This street falls under the Avadi Sub Registrar Office (SRO) and is classified as Residential Class II Type - I.

How the guideline value of Poombugar 2nd St has changed

The guideline value for Poombugar 2nd St has undergone several revisions over the years. In 2012, the guideline value was Rs 750 per sq.ft, which decreased to Rs 502 per sq.ft in 2017. This was a decline of 33%. However, from 2017 to 2023, the value increased significantly by 59%, reaching Rs 800 per sq.ft, which remained the same in the 2024 revision.

Interestingly, the guideline value has not changed from 2023 to 2024, remaining at Rs 800 per sq.ft. The register has no figures for the years 2002, 2003, and 2007 for this street, indicating that the changes in guideline value are only recorded from 2012 onwards.

Guideline values in Vilingiyambakkam

In Vilingiyambakkam, there are 252 streets under the Avadi SRO that have a 2024 guideline value ranging from Rs 800 to Rs 4,400 per sq.ft. The median guideline value for these streets is Rs 935 per sq.ft, placing Poombugar 2nd St's 2024 value below this median.

• Poombugar St: Rs 800 per sq.ft (2024)
• Pulavar Govindan St: Rs 935 per sq.ft (2024)
• Perumalsami St: Rs 935 per sq.ft (2024)
• P.U.Shanmugam St: Rs 935 per sq.ft (2024)
• Ragaval Nagar: Rs 935 per sq.ft (2024)
• Periyar Street Extn: Rs 1,625 per sq.ft (2024)

Stamp duty and registration fee for property in Poombugar 2nd St

For a 1,000 sq.ft plot at the current guideline value of Rs 800 per sq.ft, the total guideline value would be Rs 8,00,000. The stamp duty at 7% would amount to Rs 56,000, and the registration fee at 2% would be Rs 16,000, bringing the total cost for these fees to Rs 72,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Poombugar 2nd St?

The Sub Registrar Office that covers Poombugar 2nd St is the Avadi Sub Registrar Office. Its address is Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process of property transactions in Vilingiyambakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in the official records.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees, which are mandatory for legal ownership transfer. Buyers should be aware that these fees are based on the higher of the guideline value or the sale price.

Frequently asked questions

What is the current guideline value of Poombugar 2nd St?

The current guideline value of Poombugar 2nd St is Rs 800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value changed from Rs 750 per sq.ft in 2012 to Rs 502 per sq.ft in 2017, then increased to Rs 800 per sq.ft in 2023 and remained the same in 2024.

What is the median guideline value in Vilingiyambakkam?

The median guideline value in Vilingiyambakkam is Rs 935 per sq.ft for the year 2024.

What are the stamp duty and registration fees for property in Poombugar 2nd St?

For a property valued at Rs 8,00,000, the stamp duty would be Rs 56,000 and the registration fee would be Rs 16,000, totaling Rs 72,000.

Which office handles registrations for Poombugar 2nd St?

The Avadi Sub Registrar Office handles registrations for Poombugar 2nd St, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.