Guideline Value for POOMPUGAR NAGAR (CHEN)

Poompugar Nagar (Chen) guideline value

The current guideline value of Poompugar Nagar (Chen) is Rs 660 per sq.ft, effective from 1 July 2024. This area is part of Sengundram - 1 village, under the Chengleput Joint II SRO, and is classified as Residential Class I Type - III.

How the guideline value of Poompugar Nagar (Chen) has changed

The guideline value for Poompugar Nagar (Chen) has seen several revisions over the years. In 2012, the value was set at Rs 600 per sq.ft, which then decreased to Rs 402 per sq.ft in 2017, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly by 49% to Rs 600 per sq.ft. The most recent revision in 2024 raised the guideline value to Rs 660 per sq.ft, reflecting a 10% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Sengundram - 1

In Sengundram - 1, there are 126 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 660 to Rs 3,285 per sq.ft, with a median value of Rs 880 per sq.ft. Poompugar Nagar (Chen) is below this median value.

• Platinum Premium County (Chen): Rs 1,100 per sq.ft (2024)
• Platinam County (Chen): Rs 1,100 per sq.ft (2024)
• Prema Nagar (Chen): Rs 660 per sq.ft (2024)
• Pillaiyar Koil Street (Chen): Rs 660 per sq.ft (2024)
• Ragavendra Nagar (Sith): Rs 770 per sq.ft (2024)
• Periya Chenkundram (Chen): Rs 660 per sq.ft (2024)

Stamp duty and registration fee for property in Poompugar Nagar (Chen)

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value would be Rs 6,60,000. The stamp duty at 7% would amount to Rs 46,200, and the registration fee at 2% would be Rs 13,200, bringing the total charges to Rs 59,400. 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 Poompugar Nagar (Chen)?

Poompugar Nagar (Chen) falls under the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Sengundram - 1

The guideline value is a crucial factor during the registration of property transactions in Sengundram - 1. It serves as a benchmark for determining the stamp duty and registration fees applicable when a property is bought or sold.

When registering a property, the guideline value helps ensure that the transaction is recorded accurately and that the appropriate taxes are paid. Buyers and sellers should be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Poompugar Nagar (Chen)?

The current guideline value of Poompugar Nagar (Chen) is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 402 per sq.ft in 2017, then increased to Rs 600 per sq.ft in 2023, and finally to Rs 660 per sq.ft in 2024.

What is the median guideline value in Sengundram - 1?

The median guideline value in Sengundram - 1 is Rs 880 per sq.ft, with Poompugar Nagar (Chen) being below this median.

What are the stamp duty rates for property in Poompugar Nagar (Chen)?

The stamp duty rate for property transactions in Poompugar Nagar (Chen) is 7%, while the registration fee is 2% of the guideline value or sale price, whichever is higher.

Where can I find the Chengleput Joint II SRO?

The Chengleput Joint II SRO is located at 10, Kancheepuram Main Road, Chengalpattu 603 002. You can find more information by visiting the relevant link.