Guideline Value for Poombukar Nagar 36th Street

Poombukar Nagar 36th Street guideline value

The current guideline value of Poombukar Nagar 36th Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Kolathur village under the Sembiam SRO, classified as Residential Class I Type - I.

How the guideline value of Poombukar Nagar 36th Street has changed

The guideline value for Poombukar Nagar 36th Street has undergone several revisions over the years. The oldest recorded revision was in 2007, where the guideline value was Rs 1,000 per sq.ft. This increased significantly to Rs 3,000 per sq.ft in 2012, marking a 200% rise. However, from 2012 to 2017, the value decreased to Rs 2,010 per sq.ft, a decline of 33%. The most recent revision in 2024 set the value at Rs 3,300 per sq.ft, reflecting a substantial increase of 64% from the 2017 figure.

It is important to note that there are no recorded figures for the years 2023, 2003, and 2002 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 guideline value for these streets is Rs 3,300 per sq.ft, which aligns with the 2024 figure for Poombukar Nagar 36th Street.

• Poombukar Nagar 35th Street: Rs 3,300 per sq.ft (2024)
• Poombukar Nagar 37th Street: Rs 3,300 per sq.ft (2024)
• Poombukar Nagar 34th Street: Rs 3,300 per sq.ft (2024)
• Poombukar Nagar 38th Street: Rs 3,300 per sq.ft (2024)
• Poombukar Nagar 33th Street: Rs 3,300 per sq.ft (2024)
• Poombukar Nagar 39th Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Poombukar Nagar 36th 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, and the registration fee at 2% would be Rs 66,000, bringing the total cost for these fees 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.

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

Which Sub Registrar Office covers Poombukar Nagar 36th Street?

The Sub Registrar Office that covers Poombukar Nagar 36th 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 plays a crucial role during the registration of property transactions in Kolathur. It is used to determine the stamp duty and registration fees that must be paid when a property is bought or sold.

When registering a property, buyers must pay stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Poombukar Nagar 36th Street?

The current guideline value of Poombukar Nagar 36th Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly, with an overall increase of 230% from Rs 1,000 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024.

What is the stamp duty rate for properties in Poombukar Nagar 36th Street?

The stamp duty rate for properties in Poombukar Nagar 36th Street is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sembiam Sub Registrar Office?

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

What is the median guideline value in Kolathur?

The median guideline value in Kolathur for the year 2024 is Rs 3,300 per sq.ft, which is the same as the guideline value for Poombukar Nagar 36th Street.