Guideline Value for POOMBUKAR 1st STREET

POOMBUKAR 1st STREET guideline value

The current guideline value of POOMBUKAR 1st STREET in Enjambakkam village, under the Neelankarai SRO, is Rs 2,200 per sq.ft, effective from 1 July 2024. This street falls under Residential Class III Type - I land classification.

How the guideline value of POOMBUKAR 1st STREET has changed

The guideline value for POOMBUKAR 1st STREET has seen significant changes over the years. In 2003, the value was Rs 152 per sq.ft, which increased to Rs 500 per sq.ft in 2007, marking a 229% rise. By 2012, the value reached Rs 2,000 per sq.ft, reflecting a substantial 300% increase from the previous revision. However, it then decreased by 33% to Rs 1,340 per sq.ft in 2017.

From 2017 to 2023, the guideline value rose by 49% to Rs 2,000 per sq.ft. The most recent revision in 2024 has set the value at Rs 2,200 per sq.ft, which is a 10% increase from the previous year. The register has no figure for this street in 2002.

Guideline values in Enjambakkam

In Enjambakkam, there are 253 streets under the Neelankarai SRO, with 2024 guideline values ranging from Rs 1,100 to Rs 7,200 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, which is the same as the guideline value for POOMBUKAR 1st STREET.

• POOMBUKAR 2nd STREET: Rs 2,200 per sq.ft (2024)
• POOMBUKAR 3rd STREET: Rs 2,200 per sq.ft (2024)
• POOMBUKAR 4th STREET: Rs 2,200 per sq.ft (2024)
• Pon Vidya School Road: Rs 2,800 per sq.ft (2024)
• Poombukar Nagar (Vettuvankeni): Rs 2,200 per sq.ft (2024)
• Poombukar Street (Vettuvankeni): Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in POOMBUKAR 1st STREET

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total to Rs 1,98,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers POOMBUKAR 1st STREET?

The Sub Registrar Office that covers POOMBUKAR 1st STREET is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor when buying or selling property in Enjambakkam. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that these costs are based on a standardized value rather than fluctuating market prices.

When a property is registered, the buyer must pay the stamp duty and registration fees based on the higher of the guideline value or the sale price. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of POOMBUKAR 1st STREET?

The current guideline value of POOMBUKAR 1st STREET is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 152 per sq.ft in 2003 to Rs 2,200 per sq.ft in 2024, reflecting an overall increase of 1347% over the years.

What is the land classification of POOMBUKAR 1st STREET?

POOMBUKAR 1st STREET falls under Residential Class III Type - I land classification.

Where can I find the Neelankarai Sub Registrar Office?

The Neelankarai Sub Registrar Office is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

How is stamp duty calculated for properties in Enjambakkam?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. The current rate is 7% for stamp duty and 2% for the registration fee.