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 Melakottyur village and is registered with the Gooduvancheri SRO. The land classification for this locality is Residential Special Type - III.

How the guideline value of Poombugar Nagar has changed

Over the years, the guideline value of Poombugar Nagar has undergone several revisions. The earliest recorded figure is from 2007, where the guideline value was Rs 230 per sq.ft. This increased significantly to Rs 1,000 per sq.ft in 2012, reflecting a remarkable growth of 335%. However, the value saw a decline to Rs 670 per sq.ft in 2017, a decrease of 33%. The most recent revision in 2023 has brought the guideline value back to Rs 1,000 per sq.ft, marking an increase of 49% from the 2017 figure.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2024 for this street. Overall, from 2007 to 2023, the guideline value has increased by 335%.

Guideline values in Melakottyur

Currently, there are no specific village figures available for Melakottyur. Poombugar Nagar is the only street mentioned under the Gooduvancheri SRO.

Stamp duty and registration fee for property in Poombugar Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value amounts to Rs 10,00,000. The stamp duty at 7% would be Rs 70,000, and the registration fee at 2% would be Rs 20,000, making a total of Rs 90,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Poombugar Nagar?

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

For more information, you can find your SRO.

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

The guideline value plays a crucial role during the registration of property transactions in Melakottyur. It is used to determine the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions.

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 changed from Rs 230 per sq.ft in 2007 to Rs 1,000 per sq.ft in 2012, then decreased to Rs 670 per sq.ft in 2017, and finally returned to Rs 1,000 per sq.ft in 2023.

What are the stamp duty and registration fees for a property in Poombugar Nagar?

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.

Which Sub Registrar Office is responsible for Poombugar Nagar?

The Gooduvancheri Sub Registrar Office is responsible for Poombugar Nagar, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202.

Are there any other streets in Melakottyur?

Currently, there are no other streets listed under Melakottyur in the Gooduvancheri SRO.