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Guideline Value

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Guideline Value for POONIAMMAN NAGAR 1 TO 12 MAIN ROAD

₹2530/sq.ft.

The guideline value for Pooniamman Nagar 1 To 12 Main Road in S. Kullathur village (Pallavaram SRO, Chengalpattu zone) is Rs 2530 per sq.ft, effective 1 July 2024. It was Rs 2000 per sq.ft from 1 April 2023, a 27% change. The land classification is Residential Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

S. Kullathur

Village

Pallavaram

SRO

Residential Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹2530 /sq.ft.
From 1-4-2023 ₹2000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1541 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2300 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044
044-22413425
[email protected]

DRO (District Registrar Office)

Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
null
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Pooniamman Nagar 1 To 12 Main Road

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Pooniamman Nagar 1 To 12 Main Road guideline value

The current guideline value for Pooniamman Nagar 1 To 12 Main Road is Rs 2,530 per sq.ft, effective from 1 July 2024. This street is located in S. Kullathur village, under the Pallavaram SRO, and is classified as Residential Class I Type - II.

How the guideline value of Pooniamman Nagar 1 To 12 Main Road has changed

The guideline value for Pooniamman Nagar 1 To 12 Main Road has seen several revisions over the years. The 2012 revision set the value at Rs 2,300 per sq.ft, which decreased to Rs 1,541 per sq.ft in the 2017 revision, marking a decline of 33%. In 2023, the value increased to Rs 2,000 per sq.ft, reflecting a rise of 30%. The most recent 2024 revision has further increased the guideline value to Rs 2,530 per sq.ft, a notable increase of 27% from the previous year.

The register has no figure for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in S. Kullathur

In S. Kullathur, there are 71 streets under the Pallavaram SRO that carry a 2024 guideline value, ranging from Rs 1,320 to Rs 4,400 per sq.ft. The median guideline value in this area is Rs 2,750 per sq.ft, placing Pooniamman Nagar 1 To 12 Main Road below this median.

Stamp duty and registration fee for property in Pooniamman Nagar 1 To 12 Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 2,530 per sq.ft, the total guideline value amounts to Rs 25,30,000. The stamp duty at 7% would be Rs 1,77,100, and the registration fee at 2% would be Rs 50,600, bringing the total cost for these fees to Rs 2,27,700. 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 information on calculating these fees.

Which Sub Registrar Office covers Pooniamman Nagar 1 To 12 Main Road?

The Sub Registrar Office that covers Pooniamman Nagar 1 To 12 Main Road is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, within the Chengalpattu registration zone. You can find your SRO for further assistance.

How the guideline value is used when you buy or sell in S. Kullathur

The guideline value is a crucial factor in the property registration process in S. Kullathur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the fair valuation of the property. It is essential for buyers and sellers to be aware of the guideline value to avoid disputes during the registration process.

Frequently asked questions

What is the current guideline value of Pooniamman Nagar 1 To 12 Main Road?

The current guideline value of Pooniamman Nagar 1 To 12 Main Road is Rs 2,530 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 the 2012 revision at Rs 2,300 per sq.ft, dropping to Rs 1,541 per sq.ft in 2017, then rising to Rs 2,000 per sq.ft in 2023, and finally reaching Rs 2,530 per sq.ft in 2024.

What are the stamp duty and registration fees for property in this area?

For a property valued at Rs 25,30,000, the stamp duty would be Rs 1,77,100, and the registration fee would be Rs 50,600, totaling Rs 2,27,700. These fees are based on the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office covers Pooniamman Nagar 1 To 12 Main Road?

The Pallavaram Sub Registrar Office covers Pooniamman Nagar 1 To 12 Main Road, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

What is the land classification for Pooniamman Nagar 1 To 12 Main Road?

Pooniamman Nagar 1 To 12 Main Road is classified as Residential Class I Type - II, indicating its suitability for residential development.