Guideline Value for POOMBUKAR NAGAR

Poombukar Nagar guideline value

The current guideline value of Poombukar Nagar is Rs 1,200 per sq.ft, effective from 1 July 2024. This area is located in Manali village under the Thiruvottiyur SRO, and it is classified as Residential Special Type - II.

How the guideline value of Poombukar Nagar has changed

Over the years, the guideline value of Poombukar Nagar has seen significant changes. Starting from the 2002 revision, the value was Rs 80 per sq.ft. This increased to Rs 90 per sq.ft in 2003, marking a 13% rise. The value then jumped to Rs 200 per sq.ft in 2007, reflecting a substantial increase of 122%. Following this, the 2012 revision saw the value remain at Rs 1,100 per sq.ft, which was a 450% increase from 2007. However, in 2017, the value dropped to Rs 737 per sq.ft, indicating a decrease of 33% from the previous revision.

In the subsequent years, the guideline value rose again, reaching Rs 1,100 per sq.ft in 2023, which was a 49% increase from 2017. The latest revision in 2024 has set the value at Rs 1,200 per sq.ft, reflecting a 9% increase from the previous year. There are no figures available for the revisions of years not mentioned in the register for this street.

Guideline values in Manali

In Manali village, there are 84 streets under the Thiruvottiyur SRO that carry a 2024 guideline value ranging from Rs 1,001 to Rs 3,300 per sq.ft. The median value for these streets is Rs 1,200 per sq.ft, which is equal to the current guideline value of Poombukar Nagar.

• Poongavanam Street: Rs 1,200 per sq.ft (2024)
• Ponneri High Road: Rs 1,005 per sq.ft (2024)
• P.R.K. Sharma Street: Rs 1,500 per sq.ft (2024)
• Perumal Koil Street: Rs 1,500 per sq.ft (2024)
• Periya Thoppu Selva Vinayagar Koil Street: Rs 1,200 per sq.ft (2024)
• Periya Thoppu (Kaal Thottam): Rs 1,200 per sq.ft (2024)

Stamp duty and registration fee for property in Poombukar Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,200 per sq.ft, the total guideline value would be Rs 12,00,000. The stamp duty at 7% would amount to Rs 84,000, while the registration fee at 2% would be Rs 24,000, bringing the total costs together to Rs 1,08,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Poombukar Nagar?

The Sub Registrar Office that covers Poombukar Nagar is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Manali. When a property is bought or sold, the guideline value is used to determine the applicable stamp duty and registration fees based on the property's size and value.

It is essential for buyers and sellers to be aware of the current guideline value, as it ensures compliance with local regulations and helps in calculating the financial obligations associated with property transactions.

Frequently asked questions

What is the current guideline value of Poombukar Nagar?

The current guideline value of Poombukar Nagar is Rs 1,200 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 80 per sq.ft in 2002 to Rs 1,200 per sq.ft in 2024, with various increases and decreases in between.

What is the land classification for Poombukar Nagar?

Poombukar Nagar is classified as Residential Special Type - II.

Where is the Sub Registrar Office for Poombukar Nagar located?

The Thiruvottiyur Sub Registrar Office is located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

How do I calculate the stamp duty and registration fees?

Stamp duty and registration fees can be calculated based on the guideline value. For example, for a 1,000 sq.ft plot at Rs 1,200 per sq.ft, the total guideline value would be Rs 12,00,000, with stamp duty and registration fees calculated accordingly.