Guideline Value for Poombukar Nagar 30th Street

Poombukar Nagar 30th Street guideline value

The current guideline value of Poombukar Nagar 30th 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 30th Street has changed

Over the years, the guideline value of Poombukar Nagar 30th Street has seen several revisions. The earliest recorded revision was in 2007, where the guideline value was Rs 1,000 per sq.ft. This figure 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 33% drop. The value rose again to Rs 3,000 per sq.ft in 2023, and the latest revision in 2024 set the value at Rs 3,300 per sq.ft, representing a 10% increase from the previous year.

It is important to note that there are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, there has been a substantial increase of 230% in the guideline value.

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 guideline value for these streets is Rs 3,300 per sq.ft, which is equal to the current guideline value of Poombukar Nagar 30th Street.

• Poombukar Nagar 2nd Street: Rs 3,300 per sq.ft (2024)
• Poombukar Nagar 31th Street: Rs 3,300 per sq.ft (2024)
• Poombukar Nagar 2nd Main Road: Rs 3,300 per sq.ft (2024)
• Poombukar Nagar 32th Street: Rs 3,300 per sq.ft (2024)
• Poombukar Nagar 2nd Cross Street: Rs 3,300 per sq.ft (2024)
• Poombukar Nagar 33th Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Poombukar Nagar 30th 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 to Rs 2,97,000. Please 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 precise calculations.

Which Sub Registrar Office covers Poombukar Nagar 30th Street?

The Sub Registrar Office that covers Poombukar Nagar 30th 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 need to be paid during the transaction.

When a property is registered, the guideline value is used to calculate the applicable duties and fees. Buyers should be aware that the duty is charged based on the higher of the guideline value or the actual sale price, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Poombukar Nagar 30th Street?

The current guideline value of Poombukar Nagar 30th 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 significantly 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 this period.

What are the other streets in Kolathur with the same guideline value?

Other streets in Kolathur that share the same guideline value of Rs 3,300 per sq.ft include Poombukar Nagar 2nd Street, Poombukar Nagar 31th Street, Poombukar Nagar 2nd Main Road, Poombukar Nagar 32th Street, Poombukar Nagar 2nd Cross Street, and Poombukar Nagar 33th Street.

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 area.

How is the stamp duty calculated for properties in Poombukar Nagar 30th Street?

The stamp duty for properties in Poombukar Nagar 30th Street is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 33,00,000 would incur a stamp duty of Rs 2,31,000 at 7%.