Guideline Value for POONAM NAGAR

Poonam Nagar guideline value

The current guideline value of Poonam Nagar is Rs 100 per sq.ft, effective from 1 July 2024. This area is located in Agaram village, under the Ponneri Sub Registrar Office (SRO) and is classified as Residential Class II Type - I.

How the guideline value of Poonam Nagar has changed

Looking back at the revisions, the guideline value for Poonam Nagar was Rs 67 per sq.ft in the 2017 revision. It remained at Rs 100 per sq.ft in the 2023 revision and continues at the same rate in the 2024 revision, reflecting no change between these two years. The register has no figure for this street in the years 2002, 2003, 2007, and 2012.

From 2017 to 2023, there was a significant increase of 49% in the guideline value. Overall, from 2017 to 2024, the guideline value has also increased by 49%, indicating a consistent valuation since 2023.

Guideline values in Agaram

In Agaram, three streets under the Ponneri SRO have a 2024 guideline value ranging from Rs 100 to Rs 150 per sq.ft, with the median value being Rs 100 per sq.ft. Poonam Nagar's 2024 figure is equal to this median.

• Sri Anandha Nagar: Rs 150 per sq.ft (2024)
• Sri Balamurugan Mega Garden: Rs 100 per sq.ft (2024)

Stamp duty and registration fee for property in Poonam Nagar

For a 1,000 sq.ft plot at the current rate of Rs 100 per sq.ft, the guideline value would be Rs 1,00,000. The stamp duty at 7% would amount to Rs 7,000, and the registration fee at 2% would be Rs 2,000, bringing the total fees to Rs 9,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Poonam Nagar?

Poonam Nagar falls under the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Agaram. It determines the minimum value at which a property can be registered and is used to calculate the stamp duty and registration fees applicable to the transaction.

When buying or selling property, the guideline value ensures that the transaction is documented at a recognized value, which helps in maintaining transparency in property dealings. This value is particularly important for legal and financial purposes during the registration process.

Frequently asked questions

What is the current guideline value of Poonam Nagar?

The current guideline value of Poonam Nagar is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 67 per sq.ft in 2017 to Rs 100 per sq.ft in both 2023 and 2024, showing a 49% increase from 2017 to 2023 and again from 2017 to 2024.

What are the guideline values of other streets in Agaram?

In Agaram, the guideline values for other streets include Sri Anandha Nagar at Rs 150 per sq.ft and Sri Balamurugan Mega Garden at Rs 100 per sq.ft, both effective in 2024.

What is the stamp duty for property in Poonam Nagar?

The stamp duty for property in Poonam Nagar is 7% of the guideline value or sale price, whichever is higher. For a plot valued at Rs 1,00,000, the stamp duty would be Rs 7,000.

Where can I find the Sub Registrar Office for Poonam Nagar?

The Sub Registrar Office covering Poonam Nagar is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. This office handles the registration of properties in the area.