Guideline Value for Poombugar Nagar

Poombugar Nagar guideline value

The current guideline value of Poombugar Nagar is Rs 1,000 per sq.ft, as per the 2023 revision. This area falls under Kizhakottyur village and is registered with the Gooduvancheri SRO. The land classification for this locality is Residential Special Type - II.

How the guideline value of Poombugar Nagar has changed

Over the years, the guideline value of Poombugar Nagar has experienced several revisions. The earliest recorded value was Rs 160 per sq.ft in 2007, which increased significantly to Rs 1,000 per sq.ft in 2012, marking a remarkable rise of 525%. However, by the 2017 revision, the value dropped to Rs 670 per sq.ft, a decrease of 33%. The most recent revision in 2023 saw the guideline value return to Rs 1,000 per sq.ft, reflecting an increase of 49% from the previous figure.

It is important to note that there are no figures available for the years 2002, 2003, and 2024 in the register for this street. Overall, the guideline value has increased by 525% from 2007 to 2023.

Guideline values in Kizhakottyur

Currently, there are no specific village figures available for Kizhakottyur. Poombugar Nagar is one of the streets under the Gooduvancheri SRO. Below are the other streets in Kizhakottyur:

Stamp duty and registration fee for property in Poombugar Nagar

For a 1,000 sq.ft plot at the current rate of Rs 1,000 per sq.ft, the guideline value amounts to Rs 10,00,000. The stamp duty, charged at 7%, would be Rs 70,000, and the registration fee at 2% would be Rs 20,000, totaling Rs 90,000. It is essential to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Poombugar Nagar?

The Gooduvancheri Sub Registrar Office covers Poombugar Nagar. The office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor during the registration of property transactions in Kizhakottyur. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when a property is bought or sold.

When a buyer purchases a property, the guideline value helps in calculating the total cost involved in the transaction. This ensures that the government receives the appropriate revenue from property transactions based on the established guideline value.

Frequently asked questions

What is the current guideline value of Poombugar Nagar?

The current guideline value of Poombugar Nagar is Rs 1,000 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has seen various changes, starting from Rs 160 per sq.ft in 2007 to Rs 1,000 per sq.ft in 2012. It then decreased to Rs 670 per sq.ft in 2017 before returning to Rs 1,000 per sq.ft in 2023.

What is the land classification for Poombugar Nagar?

Poombugar Nagar is classified as Residential Special Type - II, indicating its intended use for residential purposes.

Where is the Gooduvancheri Sub Registrar Office located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

How is stamp duty calculated for properties in Poombugar Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 10,00,000, the stamp duty would be Rs 70,000, and the registration fee would be Rs 20,000, totaling Rs 90,000.