Guideline Value for POONSOLAI STREET

Poonsolai Street guideline value

The current guideline value of Poonsolai Street in Kakkalur village is Rs 626 per sq.ft, effective from 1 July 2024. This street falls under the Tiruvallur Joint 1 SRO and is classified as Residential Class II Type - III.

How the guideline value of Poonsolai Street has changed

The guideline value for Poonsolai Street has seen several revisions over the years. In 2007, the value was Rs 100 per sq.ft, which increased significantly to Rs 625 per sq.ft in 2012. However, it decreased to Rs 419 per sq.ft in 2017. The value then rose to Rs 626 per sq.ft in both 2023 and 2024, showing no change between these two years.

Specifically, the change from 2017 to 2023 was an increase of 49%. The overall change from 2007 to 2024 reflects a substantial increase of 526%. Notably, there are no figures available for the years 2002 and 2003 in the register for this street.

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 value is Rs 626 per sq.ft, which is equal to the guideline value of Poonsolai Street.

• Poonjolai Street: Rs 626 per sq.ft (2024)
• Poongavanam Lay Out: Rs 626 per sq.ft (2024)
• Poonthottam Nagar: Rs 626 per sq.ft (2024)
• Poonga Nagar & Extn: 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 Poonsolai 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, bringing the total cost to Rs 56,340. It's important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Poonsolai Street?

The Sub Registrar Office that covers Poonsolai 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 when buying or selling property in Kakkalur. It serves as a benchmark for determining the minimum value of properties in the area, which is essential for calculating stamp duty and registration fees.

When a property is registered, the guideline value is utilized to ensure that the transaction is recorded at a fair value. This helps in maintaining transparency and accountability in property transactions.

Frequently asked questions

What is the current guideline value of Poonsolai Street?

The current guideline value of Poonsolai Street 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 100 per sq.ft in 2007 to Rs 626 per sq.ft in 2024, reflecting an overall increase of 526% over the years.

What are the other streets in Kakkalur with the same guideline value?

Other streets in Kakkalur with the same guideline value of Rs 626 per sq.ft include Poonjolai Street, Poongavanam Lay Out, Poonthottam Nagar, Poonga Nagar & Extn, Pilliyar Koil Street, and Radha Krishnan Road.

Where can I find the Sub Registrar Office for Poonsolai Street?

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

How is the stamp duty calculated for properties in Kakkalur?

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