Guideline Value for POONTHOTTAM NAGAR

Poonthottam Nagar guideline value

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

How the guideline value of Poonthottam Nagar has changed

The guideline value for Poonthottam Nagar has seen several revisions over the years. In 2012, the value was recorded at Rs 625 per sq.ft, which then decreased to Rs 419 per sq.ft in 2017. Following this, the value increased significantly to Rs 626 per sq.ft in both 2023 and 2024, indicating a 49% rise from the 2017 figure. It is important to note that the register has no figure for this street in the years 2002, 2003, and 2007.

From 2012 to 2024, the overall change in guideline value is 0%, as the value in 2024 is the same as in 2023. The consistency in the values for 2023 and 2024 suggests stability in this period, while the earlier revisions show a notable fluctuation.

Guideline values in Kakkalur

Kakkalur village has a total of 133 streets under the Tiruvallur Joint 1 SRO, with the 2024 guideline values 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 Poonthottam Nagar.

• Poonsolai Street: Rs 626 per sq.ft (2024)
• Poonjolai 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)
• 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 Poonthottam Nagar

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, making the total cost for these fees Rs 56,340. Please note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Poonthottam Nagar?

Poonthottam Nagar is covered by 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 further assistance.

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

The guideline value is a crucial factor during property registration in Kakkalur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value helps in assessing the fair price of the property. It is important for both buyers and sellers to be aware of the current guideline value to make informed decisions during the transaction process.

Frequently asked questions

What is the current guideline value of Poonthottam Nagar?

The current guideline value of Poonthottam Nagar 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 625 per sq.ft in 2012 to Rs 419 per sq.ft in 2017, and then increased to Rs 626 per sq.ft in both 2023 and 2024.

What is the land classification of Poonthottam Nagar?

Poonthottam Nagar is classified as Residential Class II Type - III, indicating its suitability for residential purposes.

What are the stamp duty and registration fees for property in Poonthottam Nagar?

The stamp duty is 7% and the registration fee is 2% of the guideline value. For a property valued at Rs 6,26,000, the total fees would be Rs 56,340.

Which Sub Registrar Office covers Poonthottam Nagar?

The Tiruvallur Joint 1 Sub Registrar Office covers Poonthottam Nagar, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.