Guideline Value for Poombukar Nagar 4th Cross Street

Poombukar Nagar 4th Cross Street guideline value

The current guideline value of Poombukar Nagar 4th Cross 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). The land classification for this area is Residential Class I Type - I.

How the guideline value of Poombukar Nagar 4th Cross Street has changed

The guideline value for Poombukar Nagar 4th Cross Street has seen several revisions over the years. In the 2007 revision, the guideline value was Rs 1,000 per sq.ft, which increased significantly to Rs 3,000 per sq.ft in both the 2012 and 2023 revisions. The most recent revision in 2024 raised the value to Rs 3,300 per sq.ft, marking a 10% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, there has been a substantial increase of 230%. It is important to note that the register has no figures 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, with a median value of Rs 3,300 per sq.ft. Poombukar Nagar 4th Cross Street's 2024 figure aligns with this median.

• Poombukar Nagar 43rd Street: Rs 3,300 per sq.ft (2024)
• Poombukar Nagar 4th Street: Rs 3,300 per sq.ft (2024)
• Poombukar Nagar 42nd Street: Rs 3,300 per sq.ft (2024)
• Poombukar Nagar 5th Cross Street: Rs 3,300 per sq.ft (2024)
• Poombukar Nagar 41st Street: Rs 3,300 per sq.ft (2024)
• Poombukar Nagar 5th Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Poombukar Nagar 4th Cross 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 and the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Poombukar Nagar 4th Cross Street?

The Sub Registrar Office that covers Poombukar Nagar 4th Cross 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 critical factor in the registration process when buying or selling property in Kolathur. It serves as the basis for calculating the stamp duty and registration fees that must be paid during the transaction.

When a property is sold, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency in property dealings. Buyers and sellers should be aware of the current guideline value to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of Poombukar Nagar 4th Cross Street?

The current guideline value of Poombukar Nagar 4th Cross 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. This represents a total increase of 230% over the years.

What are the stamp duty and registration fees for properties in this area?

For a 1,000 sq.ft plot valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000, and the registration fee would be Rs 66,000, totaling Rs 2,97,000.

Which office handles registrations for Poombukar Nagar 4th Cross Street?

The Sembiam Sub Registrar Office handles registrations for Poombukar Nagar 4th Cross Street, located at 5, Papermills Road, Sembiam, Chennai - 600011.

What is the land classification for Poombukar Nagar 4th Cross Street?

The land classification for Poombukar Nagar 4th Cross Street is Residential Class I Type - I, indicating its suitability for residential development.