Guideline Value for Poombukar Annex

Poombukar Annex guideline value

The current guideline value of Poombukar Annex in Kolathur village is Rs 3,300 per sq.ft, effective from 1 July 2024. This property falls under the Sembiam SRO and is classified as Residential Class I Type - I.

How the guideline value of Poombukar Annex has changed

The guideline value for Poombukar Annex has seen significant changes over the years. In the 2007 revision, the value was Rs 1,000 per sq.ft, which increased to Rs 3,000 per sq.ft in 2012, marking a 200% rise. However, the value decreased to Rs 2,010 per sq.ft in the 2017 revision, a decline of 33%. The most recent revision in 2024 set the guideline value at Rs 3,300 per sq.ft, representing a 64% increase from the 2017 figure.

It is important to note that there are no figures available for the years 2023, 2003, and 2002 for Poombukar Annex. Overall, from 2007 to 2024, the guideline value has increased by 230%.

Guideline values in Kolathur

In Kolathur, there are 879 streets under the Sembiam SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 6,000 per sq.ft, with the median value being Rs 3,300 per sq.ft. Poombukar Annex's 2024 guideline value aligns with this median.

• Poombukar Nagar 10th Cross Street: Rs 3,300 per sq.ft (2024)
• Poombukar Nagar 10th Street: Rs 3,300 per sq.ft (2024)
• Poombukar Nagar 11th Cross Street: Rs 3,300 per sq.ft (2024)
• Poombukar Nagar 11th Street: Rs 3,300 per sq.ft (2024)
• Poombukar Nagar 12th Street: Rs 3,300 per sq.ft (2024)
• Poombukar Nagar 13th Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Poombukar Annex

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total fees to Rs 2,97,000. 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 our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Poombukar Annex?

The Sub Registrar Office that covers Poombukar Annex is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration process when buying or selling property in Kolathur. It serves as a reference point for determining the stamp duty and registration fees applicable to the transaction. Buyers and sellers must ensure that the sale price is either equal to or above the guideline value to avoid potential legal issues.

When registering a property, the guideline value is used to calculate the stamp duty, which is a mandatory fee paid to the government. This ensures that the transaction is recorded officially and that the necessary taxes are paid, reflecting the value of the property as per the current guidelines.

Frequently asked questions

What is the current guideline value of Poombukar Annex?

The current guideline value of Poombukar Annex is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 1,000 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, which is a 230% increase overall.

What is the classification of land in Poombukar Annex?

Poombukar Annex is classified as Residential Class I Type - I, which indicates its suitability for residential development.

Where can I find the Sembiam Sub Registrar Office?

The Sembiam Sub Registrar Office is located at 5, Papermills Road, Sembiam, Chennai - 600011.

How is stamp duty calculated for properties in Kolathur?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, the stamp duty for a property valued at Rs 33,00,000 would be Rs 2,31,000 at a rate of 7%.