Guideline Value for POONGA NAGAR & EXTN

Poonga Nagar & Extn guideline value

The current guideline value of Poonga Nagar & Extn is Rs 626 per sq.ft, effective from 1 July 2024. This area is located in Kakkalur village, under the Tiruvallur Joint 1 SRO, and is classified as Residential Class II Type - III.

How the guideline value of Poonga Nagar & Extn has changed

In the 2012 revision, the guideline value was Rs 625 per sq.ft. This figure saw a decrease of 33% to Rs 419 per sq.ft in the 2017 revision. Following this, the value increased significantly by 49% to Rs 626 per sq.ft in the 2023 revision. The 2024 revision also maintains this value at Rs 626 per sq.ft, reflecting no change from the previous year.

The register has no figures for the years 2002, 2003, and 2007 for this street. Overall, comparing the 2012 and 2024 revisions, the guideline value has remained stable with an overall change of +0%.

Guideline values in Kakkalur

Kakkalur village has a total of 133 streets under the Tiruvallur Joint 1 SRO, with the 2024 guideline values ranging from Rs 400 to Rs 3,000 per sq.ft. The median guideline value for these streets is Rs 626 per sq.ft, which is equal to the current value of Poonga Nagar & Extn.

• Poongavanam Lay Out: Rs 626 per sq.ft (2024)
• Poonjolai Street: Rs 626 per sq.ft (2024)
• Poonsolai Street: Rs 626 per sq.ft (2024)
• Poonthottam Nagar: Rs 626 per sq.ft (2024)
• Pilliyar Koil Street: Rs 626 per sq.ft (2024)
• Pichai Mani Mohan Nagar: Rs 626 per sq.ft (2024)

Stamp duty and registration fee for property in Poonga Nagar & Extn

For a 1,000 sq.ft plot at the current rate of Rs 626 per sq.ft, the guideline value amounts to Rs 6,26,000. The stamp duty at 7% would be Rs 43,820, and the registration fee at 2% would be Rs 12,520, totaling Rs 56,340. Please note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Poonga Nagar & Extn?

The Sub Registrar Office that covers Poonga Nagar & Extn is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for more details.

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

The guideline value is a crucial factor during the registration of property transactions in Kakkalur. It serves as the basis for calculating stamp duty and registration fees, ensuring that these costs are appropriately assessed based on the property's value.

When buying or selling property, it is important to be aware of the current guideline value, as it directly impacts the financial obligations involved in the transaction. Buyers and sellers should always check the latest figures to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of Poonga Nagar & Extn?

The current guideline value of Poonga Nagar & Extn is Rs 626 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has fluctuated over the years, with a decrease to Rs 419 per sq.ft in 2017 from Rs 625 per sq.ft in 2012, followed by an increase back to Rs 626 per sq.ft in both 2023 and 2024.

What is the land classification for Poonga Nagar & Extn?

Poonga Nagar & Extn is classified as Residential Class II Type - III, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Poonga Nagar & Extn?

The Tiruvallur Joint 1 Sub Registrar Office covers Poonga Nagar & Extn, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.

How is the stamp duty calculated for properties in Poonga Nagar & Extn?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, on a property valued at Rs 6,26,000, the stamp duty would be Rs 43,820 at a rate of 7%.