Guideline Value for POOMBUGAR ST

Poombugar St guideline value

The current guideline value of Poombugar St in Vilingiyambakkam village, Avadi SRO, is Rs 800 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class II Type - I land classification.

How the guideline value of Poombugar St has changed

The guideline value for Poombugar St has undergone several revisions over the years. The 2012 revision set the value at Rs 750 per sq.ft, which then decreased to Rs 502 per sq.ft in the 2017 revision. Following this, the guideline value increased significantly to Rs 800 per sq.ft in both the 2023 and 2024 revisions, marking a 59% increase from 2017 to 2023 and a 0% change from 2023 to 2024. The overall change from 2012 to 2024 is an increase of 7%.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Vilingiyambakkam

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

• Poombugar 2nd St: Rs 800 per sq.ft (2024)
• Pulavar Govindan St: Rs 935 per sq.ft (2024)
• P.U.Shanmugam St: Rs 935 per sq.ft (2024)
• Perumalsami 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 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 fees together to Rs 72,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Poombugar St?

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

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

The guideline value is a crucial factor in the registration process when buying or selling property in Vilingiyambakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is used to calculate the associated costs. Buyers should be aware that the duty is charged on the higher of the guideline value or the sale price, ensuring that the fees reflect the true value of the property being transferred.

Frequently asked questions

What is the current guideline value of Poombugar St?

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

How has the guideline value changed over the years?

The guideline value for Poombugar St has 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 both 2023 and 2024.

What is the land classification for Poombugar St?

Poombugar St is classified as Residential Class II Type - I according to the guideline value register.

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

For a 1,000 sq.ft plot at the current guideline value, the total fees would amount to Rs 72,000, which includes stamp duty and registration fees based on the guideline value.

Where can I find the Sub Registrar Office for Poombugar St?

The Avadi Sub Registrar Office covers Poombugar St and is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.