Guideline Value for Poombhugar Nagar ( Kudusai Part )

Poombhugar Nagar ( Kudusai Part ) guideline value

The current guideline value for Poombhugar Nagar ( Kudusai Part ), located in Pammal village under the Pammal SRO, is Rs 1,980 per sq.ft as per the 2024 revision effective from 1 July 2024. The land classification for this area is Residential Class II Type - II.

How the guideline value of Poombhugar Nagar ( Kudusai Part ) has changed

The guideline value for Poombhugar Nagar has seen significant changes over the years. In 2002, the guideline value was Rs 100 per sq.ft, which increased to Rs 113 per sq.ft in 2003, marking a change of +13%. By the 2007 revision, the value rose to Rs 360 per sq.ft, reflecting a substantial increase of +219% from the previous revision. The most recent revision in 2024 set the guideline value at Rs 1,980 per sq.ft, a remarkable increase of +450% from 2007.

Overall, from the 2002 revision to the 2024 revision, the guideline value has increased by +1880%. It is important to note that the register has no figures for the years 2012, 2017, and 2023 for this street.

Guideline values in Pammal

In Pammal, there are 926 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 3,300 per sq.ft. The median guideline value in this area is Rs 2,090 per sq.ft, placing Poombhugar Nagar's 2024 figure below that median.

• Poompukar Nagar ,1st Street: Rs 1,980 per sq.ft (2024)
• Poompukar Nagar, 2nd Street: Rs 1,980 per sq.ft (2024)
• Ponni Nagar 3rd Street: Rs 1,980 per sq.ft (2024)
• PONNI NAGAR 3rd CROSS STREET: Rs 2,750 per sq.ft (2024)
• Ponni Nagar 2nd Street: Rs 1,980 per sq.ft (2024)
• Ponni Nagar 1st Street: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Poombhugar Nagar ( Kudusai Part )

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value would be Rs 19,80,000. The stamp duty at 7% would amount to Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, totaling Rs 1,78,200. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Poombhugar Nagar ( Kudusai Part )?

The Sub Registrar Office covering Poombhugar Nagar ( Kudusai Part ) is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. You can find your SRO for more information.

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

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

When a property is sold, the guideline value is used to calculate the applicable duties, ensuring that the transaction is registered at a value that reflects the official rates set by the government. This process helps maintain transparency and standardization in property transactions.

Frequently asked questions

What is the current guideline value of Poombhugar Nagar ( Kudusai Part )?

The current guideline value of Poombhugar Nagar ( Kudusai Part ) is Rs 1,980 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2002?

The guideline value has increased by +1880% from Rs 100 per sq.ft in 2002 to Rs 1,980 per sq.ft in 2024.

What are the other streets in Pammal with the same guideline value?

Other streets in Pammal with the same guideline value of Rs 1,980 per sq.ft in 2024 include Poompukar Nagar 1st Street, Poompukar Nagar 2nd Street, and Ponni Nagar 3rd Street.

Where is the Pammal Sub Registrar Office located?

The Pammal Sub Registrar Office is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone.

How is stamp duty calculated in Pammal?

Stamp duty in Pammal is calculated based on the guideline value or the sale price, whichever is higher. The current rate is 7% for stamp duty and 2% for the registration fee.