Guideline Value for POONAMALLEE HIGH ROAD

Poonamallee High Road guideline value

The current guideline value of Poonamallee High Road in Thelliyaragaram village is Rs 3,300 per sq.ft, effective from 1 July 2024. This area falls under the Chennai South Joint I SRO and is classified as Commercial Special Type - I.

How the guideline value of Poonamallee High Road has changed

The guideline value for Poonamallee High Road has undergone several revisions over the years. In 2007, the value was Rs 1,000 per sq.ft, which increased significantly to Rs 3,000 per sq.ft in 2012. However, from 2012 to 2017, there was a decrease to Rs 2,010 per sq.ft. The value then rose again to Rs 3,000 per sq.ft in 2023, and most recently, it has been revised to Rs 3,300 per sq.ft in 2024, marking a 10% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 230%. The register does not have figures for the years 2002 and 2003 for this street.

Guideline values in Thelliyaragaram

Thelliyaragaram village has 16 streets under the Chennai South Joint I SRO that carry a 2024 guideline value, ranging from Rs 770 to Rs 3,300 per sq.ft. The median guideline value for these streets is Rs 1,210 per sq.ft, placing Poonamallee High Road's current value above this median.

• Ponniamman Koil Street: Rs 1,320 per sq.ft (2024)
• Pillaiyar Koil Street: Rs 1,320 per sq.ft (2024)
• Ramya Nagar: Rs 1,100 per sq.ft (2024)
• Mayana Salai: Rs 1,100 per sq.ft (2024)
• Taj Nagar: Rs 1,100 per sq.ft (2024)
• Thiruveethiamman Koil Street: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Poonamallee High Road

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total to Rs 2,97,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Poonamallee High Road?

The Sub Registrar Office that covers Poonamallee High Road is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Thelliyaragaram. It serves as a benchmark for determining the minimum price at which properties can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that the transaction is recorded accurately and that the government receives the appropriate revenue from property sales.

Frequently asked questions

What is the current guideline value of Poonamallee High Road?

The current guideline value of Poonamallee High Road is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, marking an overall increase of 230% over the years.

What is the land classification for Poonamallee High Road?

Poonamallee High Road is classified as Commercial Special Type - I under the Chennai South Joint I SRO.

Where can I find the Sub Registrar Office for Poonamallee High Road?

The Sub Registrar Office for Poonamallee High Road is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.

How is stamp duty calculated for properties in Thelliyaragaram?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. For example, a property valued at Rs 33,00,000 would incur a stamp duty of Rs 2,31,000 at a rate of 7%.