Guideline Value for Poomagal Nagar

Poomagal Nagar guideline value

The current guideline value of Poomagal Nagar is Rs 200 per sq.ft, effective from 1 July 2024. This area is located in Kilay village under the Sriperumpudur SRO, classified as Residential Class II Type - I.

How the guideline value of Poomagal Nagar has changed

The guideline value for Poomagal Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 200 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 134 per sq.ft. Following this, the 2023 revision brought the value back up to Rs 200 per sq.ft, and the 2024 revision maintained this figure with no change.

From 2017 to 2023, there was a significant increase of 49%. However, from 2012 to 2017, the value decreased by 33%. Overall, from 2012 to 2024, the guideline value has remained constant at Rs 200 per sq.ft.

Guideline values in Kilay

In Kilay village, there are 31 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 400 per sq.ft, with a median value of Rs 300 per sq.ft. The guideline value for Poomagal Nagar is below this median.

• Perumal Koil street: Rs 150 per sq.ft (2024)
• Sai Garden: Rs 400 per sq.ft (2024)
• Sakthi Nagar: Rs 400 per sq.ft (2024)
• SDN Agro Farms: Rs 400 per sq.ft (2024)
• M.G.R Street: Rs 150 per sq.ft (2024)
• Marathamannam koil st: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Poomagal Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, while the registration fee at 2% would be Rs 4,000, bringing the total fees to Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Poomagal Nagar?

Poomagal Nagar falls under the jurisdiction of the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Kilay. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property.

When registering a property, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the registration process adheres to the established values set by the Registration Department.

Frequently asked questions

What is the current guideline value of Poomagal Nagar?

The current guideline value of Poomagal Nagar is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, with the most recent being Rs 200 per sq.ft in 2023 and 2024. It was Rs 134 per sq.ft in 2017 and Rs 200 per sq.ft in 2012.

What is the median guideline value in Kilay?

The median guideline value for streets in Kilay is Rs 300 per sq.ft, while Poomagal Nagar's value is below this median.

What are the stamp duty and registration fees for Poomagal Nagar?

For a property valued at Rs 200 per sq.ft, the total stamp duty would be Rs 14,000 and the registration fee would be Rs 4,000, totaling Rs 18,000.

Where is the Sub Registrar Office for Poomagal Nagar located?

The Sriperumpudur Sub Registrar Office is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.