Guideline Value for POONJOLAI STREET

Poonjolai Street guideline value

The current guideline value of Poonjolai Street is Rs 626 per sq.ft, effective from 1 July 2024. This street 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 Poonjolai Street has changed

In the 2012 revision, the guideline value was Rs 625 per sq.ft. This figure decreased to Rs 419 per sq.ft in the 2017 revision, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly by 49%, bringing it back to Rs 626 per sq.ft in the 2023 revision. The register has no figures for the years 2002, 2003, and 2007 for this street.

As of the 2024 revision, the guideline value remains at Rs 626 per sq.ft, showing no change from the previous year. Overall, from 2012 to 2024, the guideline value has shown a net change of 0%.

Guideline values in Kakkalur

Kakkalur village has a total of 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 2024 figure for Poonjolai Street.

• Poonsolai Street: Rs 626 per sq.ft (2024)
• Poongavanam Lay Out: Rs 626 per sq.ft (2024)
• Poonga Nagar & Extn: 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 Poonjolai Street

For a 1,000 sq.ft plot at the current guideline value of Rs 626 per sq.ft, the total 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. It is important to note that the 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 Poonjolai Street?

The Sub Registrar Office that covers Poonjolai Street 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 is a critical factor in property transactions in Kakkalur, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that all transactions are conducted fairly and transparently.

Both buyers and sellers must be aware of the current guideline value to avoid any discrepancies during the registration process. It is essential to refer to the latest revisions to ensure compliance with the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of Poonjolai Street?

The current guideline value of Poonjolai Street is Rs 626 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value of Poonjolai Street 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 remains the same in 2024.

What is the land classification for Poonjolai Street?

Poonjolai Street is classified as Residential Class II Type - III, which indicates its designated use for residential purposes.

What are the stamp duty and registration fees for properties in Poonjolai Street?

The stamp duty for properties in Poonjolai Street is 7%, while the registration fee is 2% of the guideline value or sale price, whichever is higher.

Which office handles the registration for Poonjolai Street?

The Tiruvallur Joint 1 Sub Registrar Office handles the registration for Poonjolai Street, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.