Guideline Value for POOMBUKAR 4th STREET

POOMBUKAR 4th STREET guideline value

The current guideline value of POOMBUKAR 4th STREET in Enjambakkam village, under the Neelankarai SRO, is Rs 2,200 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class III Type - I land classification.

How the guideline value of POOMBUKAR 4th STREET has changed

Since the 2003 revision, the guideline value for POOMBUKAR 4th STREET has seen significant changes. In 2003, the value was Rs 152 per sq.ft, which rose to Rs 500 per sq.ft in 2007. The 2012 revision recorded a value of Rs 2,000 per sq.ft, while in 2017, it decreased to Rs 1,340 per sq.ft. The value then increased to Rs 2,000 per sq.ft in 2023, and currently stands at Rs 2,200 per sq.ft from the 2024 revision. Notably, there is no figure available for this street in the 2002 revision.

The changes between the revisions show a remarkable increase overall. From 2003 to 2007, the guideline value increased by +229%. However, it saw a decrease of -33% from 2012 to 2017. The most significant increase was from 2017 to 2023, which was +49%. The overall change from 2003 to 2024 is +1347%.

Guideline values in Enjambakkam

In Enjambakkam, there are 253 streets under the Neelankarai SRO, with the 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 current guideline value for POOMBUKAR 4th STREET.

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

For a 1,000 sq.ft plot at the current rate of Rs 2,200 per sq.ft, the 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, totaling Rs 1,98,000. 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 POOMBUKAR 4th STREET?

The Sub Registrar Office that covers POOMBUKAR 4th 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 crucial factor in the registration process for property transactions in Enjambakkam. It serves as the minimum value for which a property can be registered, ensuring that the transaction is documented at a fair value as determined by the government.

When buying or selling property, the guideline value impacts the stamp duty and registration fees, which are calculated based on this value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of POOMBUKAR 4th STREET?

The current guideline value of POOMBUKAR 4th 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 significantly from Rs 152 per sq.ft in 2003 to Rs 2,200 per sq.ft in 2024, reflecting an overall increase of +1347% over this period.

What are the stamp duty and registration fees for property in POOMBUKAR 4th STREET?

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 and the registration fee would be Rs 44,000, totaling Rs 1,98,000.

Which Sub Registrar Office covers POOMBUKAR 4th STREET?

The Neelankarai Sub Registrar Office covers POOMBUKAR 4th STREET, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

What is the land classification for POOMBUKAR 4th STREET?

POOMBUKAR 4th STREET falls under the Residential Class III Type - I land classification.