Guideline Value for POONAMALLEE THIRUVALLUR SALAI (KOSASTHALAI RIVER OVERHEAD BRIDGE to NDP KALYANA MANDABAM)

POONAMALLEE THIRUVALLUR SALAI (KOSASTHALAI RIVER OVERHEAD BRIDGE to NDP KALYANA MANDABAM) guideline value

The current guideline value for POONAMALLEE THIRUVALLUR SALAI (KOSASTHALAI RIVER OVERHEAD BRIDGE to NDP KALYANA MANDABAM) is Rs 2,000 per sq.ft, effective from 1 July 2024. This street is located in Vengathur village and falls under the Manavalanagar SRO. The land classification for this area is Commercial Class I Type - I.

How the guideline value of POONAMALLEE THIRUVALLUR SALAI (KOSASTHALAI RIVER OVERHEAD BRIDGE to NDP KALYANA MANDABAM) has changed

The guideline value for this street has seen several revisions over the years. In 2007, the value was Rs 250 per sq.ft, which increased significantly to Rs 2,000 per sq.ft in 2012. However, it decreased to Rs 1,340 per sq.ft in 2017, before stabilizing at Rs 2,000 per sq.ft in both the 2023 and 2024 revisions. The register has no figure for the years 2002 and 2003.

From 2012 to 2017, the guideline value decreased by 33%, but from 2017 to 2023, it increased by 49%. The overall change from 2007 to 2024 is an increase of 700%, reflecting the significant growth in the guideline value for this street over the years.

Guideline values in Vengathur

In Vengathur, there are 186 streets under the Manavalanagar SRO that carry a 2024 guideline value, ranging from Rs 500 to Rs 2,000 per sq.ft. The median value for these streets is Rs 1,000 per sq.ft, making the guideline value for POONAMALLEE THIRUVALLUR SALAI (KOSASTHALAI RIVER OVERHEAD BRIDGE to NDP KALYANA MANDABAM) above the median.

• Poonthaleer Street: Rs 1,300 per sq.ft (2024)
• Ponnuswamy Naickar Street: Rs 1,300 per sq.ft (2024)
• Ponnappar Street: Rs 1,000 per sq.ft (2024)
• Pillaiyar Koil Street: Rs 1,000 per sq.ft (2024)
• Phakirathi Amman Street: Rs 1,300 per sq.ft (2024)
• Ragavendra Street: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in POONAMALLEE THIRUVALLUR SALAI (KOSASTHALAI RIVER OVERHEAD BRIDGE to NDP KALYANA MANDABAM)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,000 per sq.ft, the total guideline value would be Rs 20,00,000. The stamp duty at 7% would be Rs 1,40,000, and the registration fee at 2% would be Rs 40,000, totaling Rs 1,80,000. Stamp 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 POONAMALLEE THIRUVALLUR SALAI (KOSASTHALAI RIVER OVERHEAD BRIDGE to NDP KALYANA MANDABAM)?

The Sub Registrar Office covering this area is the Manavalanagar Sub Registrar Office, located at Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is an important factor when registering property transactions in Vengathur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, the guideline value will influence the stamp duty and registration fees applicable to the transaction. Buyers should be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value for POONAMALLEE THIRUVALLUR SALAI?

The current guideline value for POONAMALLEE THIRUVALLUR SALAI (KOSASTHALAI RIVER OVERHEAD BRIDGE to NDP KALYANA MANDABAM) is Rs 2,000 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 250 per sq.ft in 2007 to Rs 2,000 per sq.ft in 2024, reflecting an overall increase of 700% over this period.

What are the stamp duty and registration fees for property transactions?

The stamp duty is charged at 7% of the guideline value or the sale price, whichever is higher, while the registration fee is charged at 2% of the guideline value or sale price.

Which office handles registrations for this area?

The Manavalanagar Sub Registrar Office is responsible for handling registrations for properties in POONAMALLEE THIRUVALLUR SALAI (KOSASTHALAI RIVER OVERHEAD BRIDGE to NDP KALYANA MANDABAM).

What is the median guideline value in Vengathur?

The median guideline value for streets in Vengathur is Rs 1,000 per sq.ft, while the guideline value for POONAMALLEE THIRUVALLUR SALAI is above this median at Rs 2,000 per sq.ft.