Guideline Value for Poombukar Nagar Extension

Poombukar Nagar Extension guideline value

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

How the guideline value of Poombukar Nagar Extension has changed

The guideline value for Poombukar Nagar Extension has seen several revisions over the years. The earliest recorded revision in 2007 set the value at Rs 1,000 per sq.ft. This increased significantly to Rs 3,000 per sq.ft in 2012, marking a 200% rise. However, there was a decrease to Rs 2,010 per sq.ft in 2017, which represented a 33% drop. The most recent revision in 2024 brought the value back up to Rs 3,300 per sq.ft, reflecting a 64% increase from the 2017 figure.

It is important to note that there are no figures available for the years 2023, 2003, and 2002 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, with the 2024 guideline values ranging from Rs 2,200 to Rs 6,000 per sq.ft. The median value stands at Rs 3,300 per sq.ft, which is the same as the current value for Poombukar Nagar Extension.

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

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, charged at 7%, would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000. Together, these fees total 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.

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

Which Sub Registrar Office covers Poombukar Nagar Extension?

The Sub Registrar Office that covers Poombukar Nagar Extension 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 property transactions in Kolathur. It is used to determine the stamp duty and registration fees applicable when buying or selling property. Buyers and sellers must be aware of the current guideline value to ensure they are paying the correct fees during registration.

When registering a property, the guideline value is compared with the sale price, and the higher amount is used to calculate the stamp duty and registration fees. This ensures that the fees reflect the true value of the property being transferred.

Frequently asked questions

What is the current guideline value of Poombukar Nagar Extension?

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

How much has the guideline value changed over the years?

Since 2007, the guideline value has increased from Rs 1,000 per sq.ft to Rs 3,300 per sq.ft in 2024, marking an overall increase of 230%.

What is the registration office for Poombukar Nagar Extension?

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

How is stamp duty calculated in Poombukar Nagar Extension?

Stamp duty is calculated based on the higher of the guideline value or the sale price. Currently, the stamp duty rate is 7% of the guideline value.

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

Yes, several other streets in Kolathur have the same guideline value of Rs 3,300 per sq.ft for the year 2024, including Poombukar Nagar 9th Street and Poombukar Nagar 8th Street.