Guideline Value for Police station road

Police station road guideline value

The current guideline value of Police station road in Poonthamallee village, under the Poonamallee SRO, is Rs 2,200 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class II Type - I land classification.

How the guideline value of Police station road has changed

The guideline value of Police station road has undergone several revisions over the years. In the 2007 revision, the value was Rs 300 per sq.ft, which increased significantly to Rs 2,000 per sq.ft in the 2012 revision, marking a rise of 567%. However, in the 2017 revision, the value dropped to Rs 1,340 per sq.ft, a decrease of 33%. The value then rose to Rs 2,000 per sq.ft in the 2023 revision, and further increased to Rs 2,200 per sq.ft in the 2024 revision, reflecting a 10% increase.

From 2017 to 2023, the guideline value increased by 49%. Overall, from the 2007 revision to the current 2024 revision, the guideline value has increased by 633%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Poonthamallee

In Poonthamallee, there are 257 streets under the Poonamallee SRO that carry a 2024 guideline value, ranging from Rs 1,980 to Rs 4,950 per sq.ft. The median value is Rs 2,200 per sq.ft, which is equal to the current figure for Police station road.

• Pillayar Koil Street Lane: Rs 2,740 per sq.ft (2024)
• Ponniamman nagar: Rs 2,200 per sq.ft (2024)
• Ponniamman Nagar 1st Street: Rs 2,200 per sq.ft (2024)
• Ponniamman Nagar 2nd Street: Rs 2,200 per sq.ft (2024)
• Ponniamman Nagar 3rd Street: Rs 2,200 per sq.ft (2024)
• Ponniamman Nagar Cross Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Police station road

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, totaling Rs 1,98,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Police station road?

The Sub Registrar Office that covers Police station road is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonallee Chennai - 600056. To find your SRO, you can visit find your SRO.

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

When buying or selling property in Poonthamallee, the guideline value plays a crucial role in the registration process. It serves as a benchmark for determining the stamp duty and registration fees, which are calculated based on the guideline value or the sale price, whichever is higher.

Understanding the guideline value is essential for both buyers and sellers, as it ensures that the transaction is properly documented and that the appropriate fees are paid. This helps maintain transparency and legality in property transactions within the area.

Frequently asked questions

What is the current guideline value of Police station road?

The current guideline value of Police station road is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2024, reflecting an overall increase of 633% over the years.

What are the stamp duty and registration fees for property on Police station road?

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 and the registration fee would be Rs 44,000, totaling Rs 1,98,000.

Which Sub Registrar Office handles transactions for Police station road?

The Poonamallee Sub Registrar Office handles transactions for Police station road, located at No.332 U + 9cc Malma Nagar Poonallee Chennai - 600056.

What is the land classification for Police station road?

Police station road is classified as Residential Class II Type - I, which indicates the type of development allowed in the area.