Guideline Value for Poombukar Nagar 17th Street

Poombukar Nagar 17th Street guideline value

The current guideline value of Poombukar Nagar 17th Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Kolathur village and falls under the Sembiam SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Poombukar Nagar 17th Street has changed

The guideline value for Poombukar Nagar 17th Street has seen several revisions over the years. The earliest recorded figure is from 2007, where the value was Rs 1,000 per sq.ft. It increased significantly to Rs 3,000 per sq.ft in 2012, marking a 200% rise. However, this value decreased to Rs 2,010 per sq.ft in 2017, representing a decline of 33%. The subsequent revision in 2023 brought the value up to Rs 3,000 per sq.ft, and the latest revision in 2024 set it at Rs 3,300 per sq.ft, which is a 10% increase from the previous year.

There are no recorded figures for the years 2002 and 2003 for this street. 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. The median value among these streets is Rs 3,300 per sq.ft, which is equal to the current guideline value of Poombukar Nagar 17th Street.

• Poombukar Nagar 16th Street: Rs 3,300 per sq.ft (2024)
• Poombukar Nagar 18th Street: Rs 3,300 per sq.ft (2024)
• Poombukar Nagar 15th Street: Rs 3,300 per sq.ft (2024)
• Poombukar Nagar 19th Street: Rs 3,300 per sq.ft (2024)
• Poombukar Nagar 14th Street: Rs 3,300 per sq.ft (2024)
• Poombukar Nagar 1st Cross Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Poombukar Nagar 17th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total to Rs 2,97,000. Please note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Poombukar Nagar 17th Street?

The Sub Registrar Office that covers Poombukar Nagar 17th Street 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 is an essential factor when registering property transactions in Kolathur. It serves as the basis for calculating the stamp duty and registration fees payable during the registration process.

Frequently asked questions

What is the current guideline value of Poombukar Nagar 17th Street?

The current guideline value of Poombukar Nagar 17th Street 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 from Rs 1,000 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of 230% over the years.

What is the registration office for Poombukar Nagar 17th Street?

The registration office for Poombukar Nagar 17th Street is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011.

What are the stamp duty and registration fees for property transactions?

Stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, while the registration fee is 2% of the guideline value.

Where can I find more information about stamp duty and registration fees?

More information about stamp duty and registration fees can be found using the stamp duty and registration fee calculator.