Guideline Value for Poombukar Nagar 37th Street

Poombukar Nagar 37th Street guideline value

The current guideline value of Poombukar Nagar 37th 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 37th Street has changed

The guideline value for Poombukar Nagar 37th Street has undergone several revisions over the years. The earliest available figure is from 2007, which was Rs 1,000 per sq.ft. This 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, a drop of 33%. The value rose again to Rs 3,000 per sq.ft in 2023, and most recently, it has increased to Rs 3,300 per sq.ft in 2024, reflecting a 10% increase from the previous year.

There are no figures available for the revisions in 2002 and 2003 for this street. Overall, from the 2007 revision to the 2024 revision, 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 is Rs 3,300 per sq.ft, which is the same as the current value for Poombukar Nagar 37th Street.

• Poombukar Nagar 36th Street: Rs 3,300 per sq.ft (2024)
• Poombukar Nagar 38th Street: Rs 3,300 per sq.ft (2024)
• Poombukar Nagar 35th Street: Rs 3,300 per sq.ft (2024)
• Poombukar Nagar 39th Street: Rs 3,300 per sq.ft (2024)
• Poombukar Nagar 34th Street: Rs 3,300 per sq.ft (2024)
• Poombukar Nagar 3rd Cross Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Poombukar Nagar 37th Street

For a 1,000 sq.ft plot at the current guideline value, 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. Together, the total cost for stamp duty and registration would be Rs 2,97,000. Please 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 37th Street?

The Sub Registrar Office that covers Poombukar Nagar 37th 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 property transactions in Kolathur. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees applicable, ensuring that the transaction is recorded accurately in the official register.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly impacts the costs associated with property registration. This value is updated periodically, reflecting changes in the real estate landscape.

Frequently asked questions

What is the current guideline value of Poombukar Nagar 37th Street?

The current guideline value of Poombukar Nagar 37th 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 from Rs 1,000 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, an overall increase of 230%.

What are the registration fees for property in Poombukar Nagar 37th Street?

For a 1,000 sq.ft plot, the registration fees would be Rs 66,000, with a total cost for stamp duty and registration amounting to Rs 2,97,000.

Which Sub Registrar Office covers this street?

The Sembiam Sub Registrar Office covers Poombukar Nagar 37th Street, located at 5, Papermills Road, Sembiam, Chennai - 600011.

How is the guideline value determined?

The guideline value is determined based on various factors, including the land classification and revisions made by the Registration Department, which are updated periodically to reflect current market conditions.