Guideline Value for Poombukar Nagar 18th Street

Poombukar Nagar 18th Street guideline value

The current guideline value of Poombukar Nagar 18th Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Kolathur village, under the Sembiam SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Poombukar Nagar 18th Street has changed

The guideline value for Poombukar Nagar 18th Street has seen several revisions over the years. The earliest recorded figure is from 2007 at Rs 1,000 per sq.ft, which increased to Rs 3,000 per sq.ft in 2012, marking a significant rise of 200%. However, in 2017, the value decreased to Rs 2,010 per sq.ft, a drop of 33%. Following this, the guideline value rose again to Rs 3,000 per sq.ft in 2023, and then further increased to Rs 3,300 per sq.ft in 2024, reflecting a growth of 10% from the previous year.

Notably, there are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 230%, showcasing the fluctuations in property values over the years.

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 is Rs 3,300 per sq.ft, which is equal to the guideline value of Poombukar Nagar 18th Street.

• Poombukar Nagar 17th Street: Rs 3,300 per sq.ft (2024)
• Poombukar Nagar 19th Street: Rs 3,300 per sq.ft (2024)
• Poombukar Nagar 16th Street: Rs 3,300 per sq.ft (2024)
• Poombukar Nagar 1st Cross Street: Rs 3,300 per sq.ft (2024)
• Poombukar Nagar 15th Street: Rs 3,300 per sq.ft (2024)
• Poombukar Nagar 1st Main Road: Rs 4,900 per sq.ft (2024)

Stamp duty and registration fee for property in Poombukar Nagar 18th 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, while the registration fee at 2% would be Rs 66,000, bringing the total 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.

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

Which Sub Registrar Office covers Poombukar Nagar 18th Street?

The Sub Registrar Office that covers Poombukar Nagar 18th 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 a crucial factor in the registration process when buying or selling property in Kolathur. It serves as a benchmark for determining the stamp duty and registration fees that are applicable during the transaction.

When a property is sold, the guideline value helps ensure that the transaction is documented accurately, reflecting the value of the property as recognized by the local authorities. This process aids in maintaining transparency and consistency in property transactions.

Frequently asked questions

What is the current guideline value of Poombukar Nagar 18th Street?

The current guideline value of Poombukar Nagar 18th 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 are the other streets in Kolathur with the same guideline value?

Other streets in Kolathur with the same guideline value of Rs 3,300 per sq.ft in 2024 include Poombukar Nagar 17th Street, 19th Street, 16th Street, 1st Cross Street, and 15th Street.

What is the registration fee for a property in Poombukar Nagar 18th Street?

The registration fee for a property in Poombukar Nagar 18th Street is calculated at 2% of the guideline value. For a 1,000 sq.ft plot, this would amount to Rs 66,000.

Where is the Sub Registrar Office for Poombukar Nagar 18th Street located?

The Sub Registrar Office for Poombukar Nagar 18th Street is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011.