Guideline Value for POOMBUKAR 3rd STREET

POOMBUKAR 3rd STREET guideline value

The current guideline value of POOMBUKAR 3rd STREET is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Enjambakkam village, under the Neelankarai SRO, and is classified as Residential Class III Type - I.

How the guideline value of POOMBUKAR 3rd STREET has changed

The guideline value for POOMBUKAR 3rd 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. Following this, the value surged to Rs 2,000 per sq.ft in 2012, marking a 300% increase. However, it then decreased to Rs 1,340 per sq.ft in 2017, a drop of 33%. The value continued to rise, reaching Rs 2,000 per sq.ft in 2023, and finally settling at Rs 2,200 per sq.ft in 2024, reflecting a 10% increase from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 1347%. It is important to note that there is no figure available for the year 2002 in the register for this street.

Guideline values in Enjambakkam

In Enjambakkam, there are 253 streets under the Neelankarai SRO that carry a 2024 guideline value, 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 equal to the 2024 figure for POOMBUKAR 3rd STREET.

• POOMBUKAR 2nd STREET: Rs 2,200 per sq.ft (2024)
• POOMBUKAR 4th STREET: Rs 2,200 per sq.ft (2024)
• POOMBUKAR 1st 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 3rd 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. 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 POOMBUKAR 3rd STREET?

The Sub Registrar Office that covers POOMBUKAR 3rd 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 details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Enjambakkam. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that these costs are calculated based on a standardized value set by the authorities.

When a property is registered, the guideline value helps in assessing the legal obligations of both the buyer and the seller. It is essential for all parties involved to be aware of the guideline value to avoid any discrepancies during the transaction.

Frequently asked questions

What is the current guideline value of POOMBUKAR 3rd STREET?

The current guideline value of POOMBUKAR 3rd 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 increased from Rs 152 per sq.ft in 2003 to Rs 2,200 per sq.ft in 2024, showing a significant overall increase of 1347% over the years.

What is the classification of POOMBUKAR 3rd STREET?

POOMBUKAR 3rd STREET is classified as Residential Class III Type - I.

What are the stamp duty and registration fees for property in this area?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total stamp duty and registration fee would amount to Rs 1,98,000.

Which office handles registrations for POOMBUKAR 3rd STREET?

The Neelankarai Sub Registrar Office handles registrations for POOMBUKAR 3rd STREET, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.