Guideline Value for POONGAVANAM LAY OUT

Poongavanam Lay Out guideline value

The current guideline value of Poongavanam Lay Out is Rs 626 per sq.ft, effective from 1 July 2024. This area is located in Kakkalur village and falls under the Tiruvallur Joint 1 SRO. The land classification for this layout is Residential Class II Type - III.

How the guideline value of Poongavanam Lay Out has changed

Looking at the historical guideline values, the 2012 revision set the value at Rs 625 per sq.ft. This figure saw a decrease to Rs 419 per sq.ft in the 2017 revision, marking a drop of 33%. However, from 2017 to 2023, the value increased significantly by 49%, bringing it back to Rs 626 per sq.ft. The 2023 revision maintained this value, and as of the 2024 revision, the guideline value remains unchanged at Rs 626 per sq.ft.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has seen no net change, remaining at Rs 626 per sq.ft.

Guideline values in Kakkalur

In Kakkalur village, there are 133 streets under the Tiruvallur Joint 1 SRO that carry a 2024 guideline value 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 guideline value of Poongavanam Lay Out.

• Poonga Nagar & Extn: 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)
• Radha Krishnan Road: Rs 626 per sq.ft (2024)

Stamp duty and registration fee for property in Poongavanam Lay Out

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

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Poongavanam Lay Out?

The Sub Registrar Office covering Poongavanam Lay Out 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 information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Kakkalur. It is used to determine the stamp duty and registration fees that must be paid at the time of property registration.

When a property is sold, the guideline value is referenced to ensure that the transaction is recorded accurately. Buyers should be aware that the stamp duty is calculated based on the higher of the guideline value or the sale price, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Poongavanam Lay Out?

The current guideline value of Poongavanam Lay Out is Rs 626 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 625 per sq.ft in 2012 to Rs 419 per sq.ft in 2017, then increased to Rs 626 per sq.ft in 2023 and has remained the same in 2024.

What is the land classification for Poongavanam Lay Out?

The land classification for Poongavanam Lay Out is Residential Class II Type - III.

What are the stamp duty rates for property in Poongavanam Lay Out?

The stamp duty for property in Poongavanam Lay Out is charged at 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Poongavanam Lay Out?

The Sub Registrar Office for Poongavanam Lay Out is located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.