Guideline Value for Poes Road

Poes Road guideline value

The current guideline value of Poes Road in Mylapore Part 2 village is Rs 10,900 per sq.ft, effective from 1 July 2024. This street falls under the Chennai Central Joint I SRO and is classified as Residential Class I Type - I.

How the guideline value of Poes Road has changed

The guideline value for Poes Road has seen revisions over the years. The most recent revision in 2024 set the value at Rs 10,900 per sq.ft, an increase from the 2023 figure of Rs 10,000 per sq.ft, marking a change of +9%. Prior to 2023, 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 are from 2023 and 2024. The consistent upward revision reflects the updated assessment of the property values in the area.

Guideline values in Mylapore Part 2

In Mylapore Part 2, there are 332 streets under the Chennai Central Joint I SRO with a 2024 guideline value range from Rs 4,400 to Rs 25,300 per sq.ft. The median value is Rs 8,800 per sq.ft, indicating that Poes Road's 2024 figure is above this median.

• Poes Garden: Rs 19,800 per sq.ft (2024)
• Poes Road 1st Street: Rs 10,900 per sq.ft (2024)
• Poes Road 2nd Street: Rs 10,900 per sq.ft (2024)
• Poes Road 3rd Street: Rs 10,900 per sq.ft (2024)
• Poes Road 4th Street: Rs 10,900 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

For a 1,000 sq.ft plot at the current guideline value of Rs 10,900 per sq.ft, the total guideline value amounts to Rs 1,09,00,000. The stamp duty at 7% would be Rs 7,63,000, and the registration fee at 2% would be Rs 2,18,000, totaling Rs 9,81,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Poes Road?

The Sub Registrar Office that covers Poes Road 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 2

The guideline value is a crucial factor when registering property transactions in Mylapore Part 2. It determines the minimum value at which a property can be registered, impacting the stamp duty and registration fees payable by the buyer.

When buying or selling property, the guideline value serves as a reference point for both parties. It ensures that the transaction is recorded at a value recognized by the government, which is essential for legal and taxation purposes.

Frequently asked questions

What is the current guideline value of Poes Road?

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

How has the guideline value of Poes Road changed over the years?

The guideline value for Poes Road was Rs 10,000 per sq.ft in 2023, which increased to Rs 10,900 per sq.ft in 2024, marking a change of +9%. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002.

What is the land classification for Poes Road?

Poes Road is classified as Residential Class I Type - I under the Chennai Central Joint I SRO.

What are the registration fees for property in Poes Road?

The registration fees include a stamp duty of 7% and a registration fee of 2% based on the guideline value. For a 1,000 sq.ft plot, the total fees would amount to Rs 9,81,000.

Which office handles the registration for Poes Road?

The Chennai Central Joint I Sub Registrar Office handles the registration for Poes Road, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014.