Guideline Value for Poompugar Nagar Kollathur

Poompugar Nagar Kollathur guideline value

The current guideline value for Poompugar Nagar Kollathur is Rs 5,500 per sq.ft, effective from 1 July 2024. This area is located in Konnur village and falls under the Konnur SRO, classified as Residential Class I Type - I.

How the guideline value of Poompugar Nagar Kollathur has changed

The guideline value for Poompugar Nagar Kollathur has seen several revisions over the years. Starting from the 2002 revision, the guideline value was Rs 342 per sq.ft. It increased to Rs 371 per sq.ft in 2003, followed by a significant rise to Rs 700 per sq.ft in 2007. The value then jumped dramatically to Rs 5,000 per sq.ft in 2012, but saw a decline to Rs 3,350 per sq.ft in 2017. The 2023 revision brought it back up to Rs 5,000 per sq.ft, and the most recent revision in 2024 set the value at Rs 5,500 per sq.ft.

Between the revisions, there have been notable changes. From 2002 to 2003, the increase was +8%. The leap from 2007 to 2012 was +614%, while the drop from 2012 to 2017 was -33%. The value surged by +49% from 2017 to 2023, and the latest increase from 2023 to 2024 is +10%. Overall, from 2002 to 2024, the guideline value has increased by +1508%.

Guideline values in Konnur

Konnur village has a total of 249 streets under the Konnur SRO, with guideline values ranging from Rs 2,750 to Rs 7,100 per sq.ft as of 2024. The median value for these streets is Rs 3,800 per sq.ft, making the Poompugar Nagar Kollathur guideline value above this median.

• Poompugar Nagar Extension Murugesan Nagar 4th Street: Rs 5,500 per sq.ft (2024)
• Poompugar Nagar Salai First Street: Rs 5,500 per sq.ft (2024)
• Poompugar Nagar: Rs 5,500 per sq.ft (2024)
• Pillaiyar Kovil Street: Rs 5,500 per sq.ft (2024)
• Puthar Street: Rs 3,800 per sq.ft (2024)
• Perumal Koil Street (Sannathi Street): Rs 5,500 per sq.ft (2024)

Stamp duty and registration fee for property in Poompugar Nagar Kollathur

For a 1,000 sq.ft plot at the current guideline value of Rs 5,500 per sq.ft, the total guideline value would be Rs 55,00,000. The stamp duty at 7% would be Rs 3,85,000, and the registration fee at 2% would be Rs 1,10,000, bringing the total fees to Rs 4,95,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Poompugar Nagar Kollathur?

The Sub Registrar Office that covers Poompugar Nagar Kollathur is the Konnur Sub Registrar Office, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. For more details, you can find your SRO.

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

The guideline value is a crucial factor in property transactions in Konnur, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices, as the registration office will use the guideline value to assess fees.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Poompugar Nagar Kollathur?

The current guideline value of Poompugar Nagar Kollathur is Rs 5,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased significantly from Rs 342 per sq.ft in 2002 to Rs 5,500 per sq.ft in 2024, marking an overall increase of +1508%.

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

For a property valued at Rs 55,00,000, the stamp duty would be Rs 3,85,000 and the registration fee would be Rs 1,10,000, totaling Rs 4,95,000.

Which Sub Registrar Office handles registrations for Poompugar Nagar Kollathur?

The Konnur Sub Registrar Office, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai, handles registrations for Poompugar Nagar Kollathur.

What is the median guideline value for streets in Konnur?

The median guideline value for streets in Konnur is Rs 3,800 per sq.ft, with Poompugar Nagar Kollathur's value being above this median at Rs 5,500 per sq.ft.