Guideline Value for Poombukar Nagar 19th Street

Poombukar Nagar 19th Street guideline value

The current guideline value of Poombukar Nagar 19th 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, classified as Residential Class I Type - I.

How the guideline value of Poombukar Nagar 19th Street has changed

The guideline value for Poombukar Nagar 19th Street has seen several revisions over the years. The earliest recorded figure is from 2007, which was Rs 1,000 per sq.ft. This value increased significantly to Rs 3,000 per sq.ft in 2012, marking a 200% rise. However, it then decreased to Rs 2,010 per sq.ft in 2017, reflecting a decline of 33%. The next revision in 2023 raised the value to Rs 3,000 per sq.ft, followed by the latest revision in 2024, which set the value at Rs 3,300 per sq.ft, 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 have 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 19th Street's 2024 figure aligns with this median.

• Poombukar Nagar 18th Street: Rs 3,300 per sq.ft (2024)
• Poombukar Nagar 1st Cross Street: Rs 3,300 per sq.ft (2024)
• Poombukar Nagar 17th Street: Rs 3,300 per sq.ft (2024)
• Poombukar Nagar 1st Main Road: Rs 4,900 per sq.ft (2024)
• Poombukar Nagar 16th Street: Rs 3,300 per sq.ft (2024)
• Poombukar Nagar 1st Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Poombukar Nagar 19th Street

For a 1,000 sq.ft plot at the current rate of Rs 3,300 per sq.ft, the 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, totaling Rs 2,97,000. Please note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Poombukar Nagar 19th Street?

The Sub Registrar Office covering Poombukar Nagar 19th 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 critical factor when registering property transactions in Kolathur. It determines the minimum value at which a property can be registered and is used to calculate the applicable stamp duty and registration fees.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair price, reflecting the current market conditions as set by the registration authorities. This value is essential for both buyers and sellers to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Poombukar Nagar 19th Street?

The current guideline value of Poombukar Nagar 19th 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 stamp duty and registration fees for properties in this area?

For a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000 and the registration fee would be Rs 66,000, totaling Rs 2,97,000.

Which Sub Registrar Office handles registrations for this street?

The Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011, handles registrations for Poombukar Nagar 19th Street.

Are there other streets in Kolathur with the same guideline value?

Yes, several other streets in Kolathur have a guideline value of Rs 3,300 per sq.ft, including Poombukar Nagar 18th Street, Poombukar Nagar 1st Cross Street, Poombukar Nagar 17th Street, Poombukar Nagar 16th Street, and Poombukar Nagar 1st Street.