Guideline Value for Poombukar Nagar 33th Street

Poombukar Nagar 33th Street guideline value

The current guideline value of Poombukar Nagar 33th Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Kolathur village under the Sembiam Sub Registrar Office (SRO), and it falls under the Residential Class I Type - I land classification.

How the guideline value of Poombukar Nagar 33th Street has changed

The guideline value for Poombukar Nagar 33th Street has undergone several revisions over the years. The earliest recorded figure is from 2007, when the guideline value was Rs 1,000 per sq.ft. This value saw a significant increase to Rs 3,000 per sq.ft in 2012, remaining unchanged until 2023. In 2023, the guideline value was revised to Rs 3,000 per sq.ft, and in 2024, it was further increased to Rs 3,300 per sq.ft, reflecting a 10% rise from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 230%. It is important to note that there are no figures available in the register for the years 2002, 2003, and 2017 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. The median guideline value for these streets is Rs 3,300 per sq.ft, which is equal to the current value of Poombukar Nagar 33th Street.

• Poombukar Nagar 32th Street: Rs 3,300 per sq.ft (2024)
• Poombukar Nagar 34th Street: Rs 3,300 per sq.ft (2024)
• Poombukar Nagar 31th Street: Rs 3,300 per sq.ft (2024)
• Poombukar Nagar 35th Street: Rs 3,300 per sq.ft (2024)
• Poombukar Nagar 30th Street: Rs 3,300 per sq.ft (2024)
• Poombukar Nagar 36th Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Poombukar Nagar 33th Street

For a 1,000 sq.ft plot at the current rate of Rs 3,300 per sq.ft, the 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. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Poombukar Nagar 33th Street?

The Sub Registrar Office that covers Poombukar Nagar 33th 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 minimum value at which a property can be registered, ensuring that the state receives appropriate revenue through stamp duty and registration fees.

When a property is sold, the buyer and seller must consider the guideline value to calculate the applicable stamp duty and registration fees. This ensures transparency in the transaction and compliance with legal requirements.

Frequently asked questions

What is the current guideline value of Poombukar Nagar 33th Street?

The current guideline value of Poombukar Nagar 33th 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, marking an overall increase of 230%.

What is the land classification of Poombukar Nagar 33th Street?

Poombukar Nagar 33th Street is classified as Residential Class I Type - I.

Where can I find the Sembiam Sub Registrar Office?

The Sembiam Sub Registrar Office is located at 5, Papermills Road, Sembiam, Chennai - 600011.

How is the stamp duty calculated for properties in Poombukar Nagar 33th Street?

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