Guideline Value for POORNA NAGAR

Poorna Nagar guideline value

The current guideline value of Poorna Nagar, located in Avaloor village under the Walajabad SRO, is Rs 150 per sq.ft. This value is effective from 1 July 2024 and is classified as Residential Class I Type - III.

How the guideline value of Poorna Nagar has changed

The guideline value for Poorna Nagar has undergone several revisions over the years. The first recorded revision was in 2012, where the value was set at Rs 150 per sq.ft. In 2017, this value decreased to Rs 100 per sq.ft, marking a 33% drop. The subsequent revision in 2023 brought the value back up to Rs 150 per sq.ft, maintaining this level through to the 2024 revision, which also stands at Rs 150 per sq.ft. The register has no figure for the years 2002, 2003, and 2007 for this street.

Between the revisions, the most notable change occurred from 2017 to 2023, where the value increased by 50%. Overall, from 2012 to 2024, the guideline value remains unchanged at Rs 150 per sq.ft.

Guideline values in Avaloor

Avaloor village has 13 streets under the Walajabad SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 450 per sq.ft, with a median value of Rs 200 per sq.ft. Poorna Nagar's 2024 figure is below this median.

• Raghavan Naicker Nagar: Rs 100 per sq.ft (2024)
• R.V.Nagar: Rs 150 per sq.ft (2024)
• Metro City Phase-IV: Rs 250 per sq.ft (2024)
• Sri Balaganapathy Garden: Rs 300 per sq.ft (2024)
• Sri Sudharshana Garden: Rs 150 per sq.ft (2024)
• S.S Nagar: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Poorna Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 150 per sq.ft, the total guideline value would be Rs 1,50,000. The stamp duty at 7% would amount to Rs 10,500, and the registration fee at 2% would be Rs 3,000, totaling Rs 13,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Poorna Nagar?

The Sub Registrar Office that covers Poorna Nagar is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering a property in Avaloor. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value serves as a benchmark for calculating the applicable taxes. Buyers should be aware that the stamp duty is charged based on the higher of the guideline value or the sale price, which can impact the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Poorna Nagar?

The current guideline value of Poorna Nagar is Rs 150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 150 per sq.ft in 2012 to Rs 100 per sq.ft in 2017, then back to Rs 150 per sq.ft in 2023 and 2024. The register has no figures for the years 2002, 2003, and 2007 for this street.

What is the land classification of Poorna Nagar?

Poorna Nagar is classified as Residential Class I Type - III, indicating its designation for residential use.

What are the stamp duty rates for property in Poorna Nagar?

The stamp duty rate for property in Poorna Nagar is 7% of the guideline value or sale price, whichever is higher. Additionally, there is a registration fee of 2%.

Where can I find the Sub Registrar Office for Poorna Nagar?

The Sub Registrar Office for Poorna Nagar is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.