Guideline Value for Poombukar Nagar 10th Cross Street

Poombukar Nagar 10th Cross Street guideline value

The current guideline value of Poombukar Nagar 10th Cross Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Kolathur village, under the Sembiam SRO, and is classified as Residential Class I Type - I.

How the guideline value of Poombukar Nagar 10th Cross Street has changed

Over the years, the guideline value for Poombukar Nagar 10th Cross Street has seen several revisions. The earliest recorded figure is from 2007, when the value was Rs 1,000 per sq.ft. This increased significantly to Rs 3,000 per sq.ft in 2012, marking a 200% rise. However, by 2017, the value decreased to Rs 2,010 per sq.ft, a decline of 33%. The most recent revision in 2024 has set the guideline value at Rs 3,300 per sq.ft, which represents a 64% increase from the 2017 figure.

Overall, from 2007 to 2024, the guideline value has increased by 230%. It is important to note that the register has no figures for the years 2002, 2003, and 2023 for this street.

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 Nagar 10th Cross Street's 2024 figure is equal to this median.

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

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, while the registration fee at 2% would be Rs 66,000, bringing the total cost for these fees to Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Poombukar Nagar 10th Cross Street?

The Sub Registrar Office that covers Poombukar Nagar 10th Cross Street is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011. You can find your SRO for more details.

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

When buying or selling property in Kolathur, the guideline value plays a crucial role in determining the registration fees and stamp duties. This value is used by the registration office to calculate the applicable fees based on the property size and the guideline rate.

It is essential for buyers and sellers to be aware of the guideline value to ensure they comply with the legal requirements during the registration process. This helps in avoiding any discrepancies that may arise during the transaction.

Frequently asked questions

What is the current guideline value of Poombukar Nagar 10th Cross Street?

The current guideline value of Poombukar Nagar 10th Cross Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2007, the guideline value has increased from Rs 1,000 per sq.ft to Rs 3,300 per sq.ft in 2024, marking an overall increase of 230%. There were fluctuations, including a decrease from 2012 to 2017.

What is the land classification for Poombukar Nagar 10th Cross Street?

Poombukar Nagar 10th Cross Street is classified as Residential Class I Type - I. This classification is important for determining the usage and regulations of the property.

Where is the Sembiam Sub Registrar Office located?

The Sembiam Sub Registrar Office is located at 5, Papermills Road, Sembiam, Chennai - 600011. This office handles the registration of properties in the Kolathur area.

How is the stamp duty calculated for properties in Poombukar Nagar 10th Cross Street?

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