Guideline Value for Poes Road 3rd Street

Poes Road 3rd Street guideline value

The current guideline value of Poes Road 3rd Street is Rs 10,900 per sq.ft, effective from 1 July 2024. This street is located in Mylapore Part 1 village and falls under the Chennai Central Joint I SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Poes Road 3rd Street has changed

The guideline value for Poes Road 3rd Street has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 10,900 per sq.ft, which is an increase of 9% from the 2023 revision of Rs 10,000 per sq.ft. Prior to the 2023 revision, the register has no figure for this street in the years 2017, 2012, 2007, 2003, and 2002.

In summary, the only available figures for Poes Road 3rd Street are from the 2023 and 2024 revisions, with the current value reflecting a notable increase from the previous year.

Guideline values in Mylapore Part 1

Within Mylapore Part 1, there are 333 streets under the Chennai Central Joint I SRO that carry a 2024 guideline value ranging from Rs 4,400 to Rs 25,300 per sq.ft, with a median of Rs 8,800 per sq.ft. The guideline value of Poes Road 3rd Street is above this median.

• Poes Road 2nd Street: Rs 10,900 per sq.ft (2024)
• Poes Road 4th Street: Rs 10,900 per sq.ft (2024)
• Poes Road 1st Street: Rs 10,900 per sq.ft (2024)
• Poes Road: Rs 10,900 per sq.ft (2024)
• Poes Garden: Rs 19,800 per sq.ft (2024)
• Play Ground View Street: Rs 14,300 per sq.ft (2024)

Stamp duty and registration fee for property in Poes Road 3rd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 10,900 per sq.ft, the total guideline value would be Rs 1,09,00,000. The stamp duty at 7% would amount to Rs 7,63,000, and the registration fee at 2% would be Rs 2,18,000, bringing the total fees together to Rs 9,81,000. 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 Poes Road 3rd Street?

The Sub Registrar Office that covers Poes Road 3rd Street is the Chennai Central Joint I Sub Registrar Office, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Mylapore Part 1

The guideline value is a crucial factor in property transactions, as it determines the minimum value at which a property can be registered. When buying or selling property in Mylapore Part 1, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for the legal transfer of property ownership.

Understanding the guideline value helps buyers and sellers ensure compliance with local regulations and avoid potential disputes during the registration process. It is essential to refer to the latest figures to assess the financial implications of any property transaction.

Frequently asked questions

What is the current guideline value of Poes Road 3rd Street?

The current guideline value of Poes Road 3rd Street is Rs 10,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 10,000 per sq.ft in 2023 to Rs 10,900 per sq.ft in 2024, marking a 9% increase. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002.

What is the land classification for Poes Road 3rd Street?

The land classification for Poes Road 3rd Street is Residential Class I Type - I, indicating its suitability for residential purposes.

What are the stamp duty and registration fees for a property on this street?

For a property valued at Rs 1,09,00,000, the stamp duty would be Rs 7,63,000 and the registration fee would be Rs 2,18,000, totaling Rs 9,81,000. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Poes Road 3rd Street?

The Sub Registrar Office for Poes Road 3rd Street is located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014. This office is responsible for property registrations in the area.