Guideline Value for Poombukar Nagar 9th Street

Poombukar Nagar 9th Street guideline value

The current guideline value of Poombukar Nagar 9th 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 is classified as Residential Class I Type - I.

How the guideline value of Poombukar Nagar 9th Street has changed

Since the 2007 revision, the guideline value has seen significant increases. In 2007, the guideline value was Rs 1,000 per sq.ft. This figure rose dramatically to Rs 3,000 per sq.ft in the 2012 revision, marking a 200% increase. The most recent revision in 2024 further increased the value to Rs 3,300 per sq.ft, which represents a 10% increase from the 2012 figure.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 230%. It is important to note that the register has no figures for the years 2002, 2003, 2017, and 2023 for this street.

Guideline values in Kolathur

In Kolathur, there are 879 streets under the Sembiam SRO that have 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 equal to the 2024 figure for Poombukar Nagar 9th Street.

• Poombukar Nagar 9th Cross Street: Rs 3,300 per sq.ft (2024)
• Poombukar Nagar Extension: Rs 3,300 per sq.ft (2024)
• Poombukar Nagar 8th Street: Rs 3,300 per sq.ft (2024)
• Poombukar Nagar 8th Cross Street: Rs 3,300 per sq.ft (2024)
• Poombukar Nagar 7th Street: Rs 3,300 per sq.ft (2024)
• Poombukar Nagar 7th Cross Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Poombukar Nagar 9th Street

For a 1,000 sq.ft plot at the current rate of Rs 3,300 per sq.ft, the 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. Please note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Poombukar Nagar 9th Street?

The Sub Registrar Office that covers Poombukar Nagar 9th Street is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011. You can find your SRO for further assistance.

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

The guideline value is an important factor when buying or selling property in Kolathur. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must be aware of the guideline value to ensure compliance with registration norms.

When a property is sold, the guideline value helps in calculating the stamp duty and registration fees. It is essential for both parties to understand that these costs are based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Poombukar Nagar 9th Street?

The current guideline value of Poombukar Nagar 9th 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 increased from Rs 1,000 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, representing an overall increase of 230%.

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

For a property 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 Sub Registrar Office handles registrations for Poombukar Nagar 9th Street?

The Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011, handles registrations for Poombukar Nagar 9th Street.

Are there other streets in Kolathur with the same guideline value?

Yes, several other streets in Kolathur also have a guideline value of Rs 3,300 per sq.ft in 2024, including Poombukar Nagar 9th Cross Street, Poombukar Nagar Extension, and others.