Guideline Value

Corporate

Guideline Value for POONKOVIL NAGAR/STREET

₹330/sq.ft.

The guideline value for Poonkovil Nagar/street in Athipattu village (Thiruvottiyur SRO, Chennai zone) is Rs 330 per sq.ft, effective 1 July 2024. It was Rs 300 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Athipattu

Village

Thiruvottiyur

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹330 /sq.ft.
From 1-4-2023 ₹300 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹201 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
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)

21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019
044-25992232
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Poonkovil Nagar/street

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Poonkovil Nagar/Street guideline value

The current guideline value of Poonkovil Nagar/Street is Rs 330 per sq.ft, effective from 1 July 2024. This street is located in Athipattu village under the Thiruvottiyur SRO, classified as Residential Class I Type - I.

How the guideline value of Poonkovil Nagar/Street has changed

The guideline value for Poonkovil Nagar/Street has undergone several revisions over the years. The earliest recorded figure is from 2017, which was Rs 201 per sq.ft. This value increased to Rs 300 per sq.ft in 2023, marking a 49% rise. The most recent revision in 2024 shows a further increase to Rs 330 per sq.ft, reflecting a 10% change from the previous year. There are no figures available for the revisions in 2002, 2003, 2007, and 2012.

Overall, from 2017 to 2024, the guideline value has increased by 64%. This significant change highlights the adjustments made over the years, culminating in the current value that aligns with the median for other streets in the area.

Guideline values in Athipattu

Athipattu village has a total of 108 streets under the Thiruvottiyur SRO that carry a 2024 guideline value, ranging from Rs 220 to Rs 462 per sq.ft. The median value is Rs 330 per sq.ft, and Poonkovil Nagar/Street's 2024 figure matches this median.

Stamp duty and registration fee for property in Poonkovil Nagar/Street

For a 1,000 sq.ft plot at the current guideline value of Rs 330 per sq.ft, the total guideline value amounts to Rs 3,30,000. The stamp duty at 7% would be Rs 23,100, and the registration fee at 2% would be Rs 6,600, resulting in a total of Rs 29,700. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Poonkovil Nagar/Street?

The Sub Registrar Office that covers Poonkovil Nagar/Street is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Athipattu. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees.

When buying or selling property, the guideline value is considered alongside the sale price. The higher of the two values is used to calculate the applicable duties and fees, ensuring compliance with the regulations set forth by the Registration Department.

Frequently asked questions

What is the current guideline value of Poonkovil Nagar/Street?

The current guideline value of Poonkovil Nagar/Street is Rs 330 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed from Rs 201 per sq.ft in 2017 to Rs 330 per sq.ft in 2024, reflecting a total increase of 64% over this period.

What is the registration office for Poonkovil Nagar/Street?

The registration office for Poonkovil Nagar/Street is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

How is stamp duty calculated for properties in Poonkovil Nagar/Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current rate would incur a stamp duty of Rs 23,100.

Are there other streets in Athipattu with the same guideline value?

Yes, several other streets in Athipattu have the same guideline value of Rs 330 per sq.ft as Poonkovil Nagar/Street, including Rajaji Nagar, Ramalingam Street, and others.