Guideline Value for Poombukar Nagar 40th Street

Poombukar Nagar 40th Street guideline value

The current guideline value of Poombukar Nagar 40th Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Kolathur village, under the Sembiam SRO, and falls under the Residential Class I Type - I land classification.

How the guideline value of Poombukar Nagar 40th Street has changed

Over the years, the guideline value for Poombukar Nagar 40th Street has seen several revisions. The earliest recorded figure is from 2007, with a guideline value of 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, a drop of 33%. The guideline value rose again to Rs 3,000 per sq.ft in 2023, before reaching the current value of Rs 3,300 per sq.ft in 2024, which is a 10% increase from the previous year.

The register has no 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 carry a 2024 guideline value ranging from Rs 2,200 to Rs 6,000 per sq.ft, with the median being Rs 3,300 per sq.ft. The guideline value for Poombukar Nagar 40th Street matches this median.

• Poombukar Nagar 3rd Street: Rs 3,300 per sq.ft (2024)
• Poombukar Nagar 41st Street: Rs 3,300 per sq.ft (2024)
• Poombukar Nagar 3rd Cross Street: Rs 3,300 per sq.ft (2024)
• Poombukar Nagar 42nd Street: Rs 3,300 per sq.ft (2024)
• Poombukar Nagar 39th Street: Rs 3,300 per sq.ft (2024)
• Poombukar Nagar 43rd Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Poombukar Nagar 40th 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, totaling 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 more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Poombukar Nagar 40th Street?

The Sub Registrar Office that covers Poombukar Nagar 40th Street is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Kolathur

The guideline value is a crucial factor when buying or selling property in Kolathur, as it determines the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees payable at the time of registration.

It is essential for buyers and sellers to be aware of the current guideline value to ensure compliance with registration requirements and to understand the financial implications involved in the transaction.

Frequently asked questions

What is the current guideline value of Poombukar Nagar 40th Street?

The current guideline value of Poombukar Nagar 40th 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 a total increase of 230% over the years.

What is the land classification for Poombukar Nagar 40th Street?

Poombukar Nagar 40th Street falls under the Residential Class I Type - I land classification.

What is the registration office for Poombukar Nagar 40th Street?

The registration office for Poombukar Nagar 40th Street is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011.

How is stamp duty calculated for properties in Poombukar Nagar 40th 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 would be Rs 2,31,000 at a rate of 7%.