Guideline Value for Poes Road 4th Street

Poes Road 4th Street guideline value

The current guideline value of Poes Road 4th 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 4th Street has changed

The guideline value for Poes Road 4th Street has seen several revisions over the years. The register has no figures for the years 2002, 2003, 2007, 2012, and 2017. In 2023, the guideline value was Rs 10,000 per sq.ft, and with the 2024 revision, it increased to Rs 10,900 per sq.ft, marking a change of +9%.

The most recent revision in 2024 reflects the current value, which is now set at Rs 10,900 per sq.ft. This increase from the previous year indicates a notable adjustment in the guideline value for this street.

Guideline values in Mylapore Part 1

Mylapore Part 1 has a variety of guideline values across its 333 streets, with figures ranging from Rs 4,400 to Rs 25,300 per sq.ft. The median value for this area is Rs 8,800 per sq.ft, and Poes Road 4th Street's 2024 figure is above that median.

• Poes Road 3rd Street: Rs 10,900 per sq.ft (2024)
• Poes Road 2nd 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 4th 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 to Rs 9,81,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Poes Road 4th Street?

Poes Road 4th Street is covered by 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 during property registration in Mylapore Part 1. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when a property is bought or sold.

When a property transaction occurs, the guideline value is compared to the sale price, and the higher of the two amounts is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue based on the value of the property being transferred.

Frequently asked questions

What is the current guideline value of Poes Road 4th Street?

The current guideline value of Poes Road 4th 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 4th Street has changed from Rs 10,000 per sq.ft in 2023 to Rs 10,900 per sq.ft in 2024, representing a +9% increase.

What is the median guideline value in Mylapore Part 1?

The median guideline value in Mylapore Part 1 is Rs 8,800 per sq.ft, and Poes Road 4th Street's 2024 figure is above this median.

What are the stamp duty rates for properties in Poes Road 4th Street?

The stamp duty rate for properties in Poes Road 4th Street is 7%, and the registration fee is 2% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Poes Road 4th Street?

The Sub Registrar Office covering Poes Road 4th Street is the Chennai Central Joint I SRO, located at No.182 Bharati Salai (Pycrafts Road) Royapettah, Chennai-600014.