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 2 village and is classified under Residential Class I Type - I within the Chennai Central Joint I SRO.

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 register does not contain figures for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was set at Rs 10,000 per sq.ft, and this increased to Rs 10,900 per sq.ft in the 2024 revision, marking a change of +9%.

Prior to the 2023 revision, there were no recorded figures for this street. The 2024 guideline value of Rs 10,900 per sq.ft positions it above the median value of Rs 8,800 per sq.ft for the 332 streets in Mylapore Part 2 under the Chennai Central Joint I SRO.

Guideline values in Mylapore Part 2

In Mylapore Part 2, the guideline values range from Rs 4,400 to Rs 25,300 per sq.ft, with a median of Rs 8,800 per sq.ft. Poes Road 3rd Street's 2024 figure of Rs 10,900 per sq.ft 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, leading to a total of Rs 9,81,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more information, you can use our stamp duty and registration fee calculator.

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 details.

How the guideline value is used when you buy or sell in Mylapore Part 2

The guideline value is a crucial factor when buying or selling property in Mylapore Part 2, as it determines the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees applicable during the transaction.

When registering a property, the guideline value ensures that the transaction is documented at a fair value, which helps in maintaining transparency in property dealings. It is essential for buyers and sellers to be aware of the current guideline values to avoid any discrepancies during the registration process.

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 for Poes Road 3rd Street was Rs 10,000 per sq.ft in 2023, which increased to Rs 10,900 per sq.ft in 2024, reflecting a change of +9%.

What is the median guideline value in Mylapore Part 2?

The median guideline value in Mylapore Part 2 is Rs 8,800 per sq.ft, with Poes Road 3rd Street's 2024 figure being above this median.

Where is the Sub Registrar Office for Poes Road 3rd Street located?

The Sub Registrar Office for Poes Road 3rd Street is located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014.

How is stamp duty calculated for properties in Poes Road 3rd Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 1,09,00,000, the stamp duty at 7% would be Rs 7,63,000.