Guideline Value for POONTHAMALLEE HIGH ROAD

Poonthamallee High Road guideline value

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

How the guideline value of Poonthamallee High Road has changed

The guideline value for Poonthamallee High Road has seen significant changes over the years. In 2002, the value was Rs 1,323 per sq.ft, which increased to Rs 1,925 per sq.ft in 2003. The value continued to rise, reaching Rs 3,400 per sq.ft in 2007, and then saw a substantial jump to Rs 15,000 per sq.ft in 2012. However, it decreased to Rs 10,050 per sq.ft in 2017. The value then increased to Rs 15,000 per sq.ft in 2023, and finally reached Rs 16,500 per sq.ft in 2024.

Between these revisions, notable changes include a 341% increase from 2007 to 2012, followed by a 33% decrease from 2012 to 2017. From 2017 to 2023, the value rose by 49%, and there was a 10% increase from 2023 to 2024. Overall, from 2002 to 2024, the guideline value has increased by 1,147%.

Guideline values in Vadaagaram

In Vadaagaram, there are 78 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 value for these streets is Rs 6,600 per sq.ft, making the guideline value for Poonthamallee High Road above that median.

• Railway Colony 1st Street: Rs 7,700 per sq.ft (2024)
• Railway Colony 2nd Street: Rs 7,700 per sq.ft (2024)
• Railway Colony 2nd Street Extension: Rs 7,700 per sq.ft (2024)
• Railway Colony 3rd Street: Rs 7,700 per sq.ft (2024)
• Railway Colony 3rd Street Extension: Rs 7,700 per sq.ft (2024)
• Railway Colony 4th Street: Rs 7,700 per sq.ft (2024)

Stamp duty and registration fee for property in Poonthamallee High Road

For a 1,000 sq.ft plot at the current guideline value of Rs 16,500 per sq.ft, the total guideline value would be Rs 1,65,00,000. The stamp duty at 7% would amount to Rs 11,55,000, and the registration fee at 2% would be Rs 3,30,000, bringing the total cost to Rs 14,85,000. It is important to note that 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 further calculations.

Which Sub Registrar Office covers Poonthamallee High Road?

The Sub Registrar Office that covers Poonthamallee 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 Vadaagaram

The guideline value is a crucial factor in the registration process when buying or selling property in Vadaagaram. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during 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 duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Poonthamallee High Road?

The current guideline value of Poonthamallee 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 significantly, starting at Rs 1,323 per sq.ft in 2002 and reaching Rs 16,500 per sq.ft in 2024. Notable changes include a 341% increase from 2007 to 2012 and a 49% increase from 2017 to 2023.

What is the median guideline value in Vadaagaram?

The median guideline value for streets in Vadaagaram is Rs 6,600 per sq.ft, with Poonthamallee High Road's value being above this median.

What are the stamp duty and registration fees for properties on Poonthamallee High Road?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees would amount to Rs 14,85,000, calculated based on the guideline value of Rs 1,65,00,000.

Where is the Sub Registrar Office for Poonthamallee High Road located?

The Kodambakkam Sub Registrar Office is located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026, and it covers Poonthamallee High Road.