Guideline Value for Pooja Avenue

Pooja Avenue guideline value

The current guideline value of Pooja Avenue is Rs 1,700 per sq.ft, effective from 1 July 2024. This street is located in 44.Ayanambakkam village, under the Konnur Sub Registrar Office (SRO). The land classification for this area is Residential Special Type - III.

How the guideline value of Pooja Avenue has changed

The guideline value for Pooja Avenue has seen significant changes over the years. In the 2017 revision, the guideline value was Rs 1,072 per sq.ft. This figure increased to Rs 1,600 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 set the guideline value at Rs 1,700 per sq.ft, reflecting a 6% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 59%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in 44.Ayanambakkam

In 44.Ayanambakkam, there are 157 streets under the Konnur SRO that have a 2024 guideline value, ranging from Rs 801 to Rs 9,702 per sq.ft. The median guideline value for these streets is Rs 1,300 per sq.ft, placing Pooja Avenue's 2024 figure above that median.

• Ponniamman Nagar Salai: Rs 1,200 per sq.ft (2024)
• Ponniamman nagar Ist Cross Street: Rs 1,200 per sq.ft (2024)
• Ponniamman nagar 5st Cross Street: Rs 1,200 per sq.ft (2024)
• Ponniamman nagar 4st Cross Street: Rs 1,200 per sq.ft (2024)
• Ponniamman nagar 3st Cross Street: Rs 1,200 per sq.ft (2024)
• Ponniamman nagar 2st Cross Street: Rs 1,200 per sq.ft (2024)

Stamp duty and registration fee for property in Pooja Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 1,700 per sq.ft, the total guideline value would be Rs 17,00,000. The stamp duty at 7% would amount to Rs 1,19,000, and the registration fee at 2% would be Rs 34,000, bringing the total fees to Rs 1,53,000. 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 Pooja Avenue?

Pooja Avenue falls under the Konnur Sub Registrar Office, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. You can find your SRO for more information.

How the guideline value is used when you buy or sell in 44.Ayanambakkam

The guideline value is a crucial factor when registering property transactions in 44.Ayanambakkam. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees. These fees are based on the higher of the guideline value or the sale price, ensuring that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Pooja Avenue?

The current guideline value of Pooja Avenue is Rs 1,700 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased from Rs 1,072 per sq.ft to Rs 1,700 per sq.ft in 2024, marking an overall increase of 59%.

What is the registration office for Pooja Avenue?

The registration office for Pooja Avenue is the Konnur Sub Registrar Office, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.

How is stamp duty calculated for properties in Pooja Avenue?

Stamp duty for properties in Pooja Avenue is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applicable.

What are the guideline values of other streets in 44.Ayanambakkam?

Other streets in 44.Ayanambakkam have varying guideline values, with some streets like Ponniamman Nagar Salai and others at Rs 1,200 per sq.ft for 2024. This is lower than the guideline value of Pooja Avenue.