Guideline Value for POONTHAMALEE HIGH ROAD

Poonthamalee High Road guideline value

The current guideline value of Poonthamalee High Road is Rs 16,500 per sq.ft, effective from 1 July 2024. This road is located in Arumbakkam village, under the Kodambakkam SRO, and is classified as Mixed Special Type - III land.

How the guideline value of Poonthamalee High Road has changed

The guideline value for Poonthamalee High Road has seen several revisions over the years. The earliest recorded figure is from 2007, where the value was Rs 3,400 per sq.ft. This increased significantly to Rs 15,000 per sq.ft in 2012, marking a rise of 341%. However, the value then decreased to Rs 10,050 per sq.ft in 2017, a drop of 33%. The subsequent revision in 2023 raised the value to Rs 15,000 per sq.ft, which was a 49% increase. The most recent revision in 2024 has set the guideline value at Rs 16,500 per sq.ft, reflecting a 10% increase from the previous year.

The register has no figure for Poonthamalee High Road for the years 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 385%.

Guideline values in Arumbakkam

In Arumbakkam, there are 391 streets under the Kodambakkam SRO that carry a 2024 guideline value, ranging from Rs 3,300 to Rs 16,500 per sq.ft. The median guideline value for these streets is Rs 6,000 per sq.ft, placing Poonthamalee High Road's 2024 figure above this median.

• PRAGATHEESWARA NAGAR 4th CROSS STREET: Rs 3,300 per sq.ft (2024)
• Pragatheeswara Nagar III Rd Street: Rs 3,300 per sq.ft (2024)
• Pragatheeswara Nagar II Nd Street: Rs 3,300 per sq.ft (2024)
• Pragatheeswara Nagar I St Street: Rs 3,300 per sq.ft (2024)
• Pulavar Pugazhendhi Garden Vth Street: Rs 3,300 per sq.ft (2024)
• Pulavar Pugazhendhi Nagar III Rd Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Poonthamalee High Road

For a 1,000 sq.ft plot at the current rate of Rs 16,500 per sq.ft, the guideline value amounts to Rs 1,65,00,000. The stamp duty at 7% would be Rs 11,55,000, and the registration fee at 2% would be Rs 3,30,000, totaling Rs 14,85,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Poonthamalee High Road?

The Sub Registrar Office that covers Poonthamalee High Road is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Arumbakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Poonthamalee High Road?

The current guideline value of Poonthamalee High Road is Rs 16,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,400 per sq.ft in 2007 to Rs 16,500 per sq.ft in 2024, reflecting an overall increase of 385% over the years.

What is the stamp duty rate for properties in Poonthamalee High Road?

The stamp duty rate for properties in Poonthamalee High Road is 7% of the guideline value or the sale price, whichever is higher.

Where is the Kodambakkam Sub Registrar Office located?

The Kodambakkam Sub Registrar Office is located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

What are the other streets in Arumbakkam with their guideline values?

Other streets in Arumbakkam include PRAGATHEESWARA NAGAR 4th CROSS STREET, Pragatheeswara Nagar III Rd Street, Pragatheeswara Nagar II Nd Street, Pragatheeswara Nagar I St Street, Pulavar Pugazhendhi Garden Vth Street, and Pulavar Pugazhendhi Nagar III Rd Street, all with a guideline value of Rs 3,300 per sq.ft (2024).