Guideline Value for Poompukar Nagar ,1st Street,

Poompukar Nagar ,1st Street, guideline value

The current guideline value of Poompukar Nagar ,1st Street, is Rs 1,980 per sq.ft, effective from 1 July 2024. This street is located in Pammal village under the Pammal SRO, and it falls under the Residential Class II Type - II land classification.

How the guideline value of Poompukar Nagar ,1st Street, has changed

The guideline value register does not provide figures for Poompukar Nagar ,1st Street, for the years 2002, 2003, 2007, 2012, 2017, and 2023. The most recent revision is from 2024, which sets the guideline value at Rs 1,980 per sq.ft.

There have been no changes between the revisions listed above. The 2024 revision is the only figure available for this street.

Guideline values in Pammal

In Pammal, there are 926 streets under the Pammal SRO that carry a 2024 guideline value ranging from Rs 880 to Rs 3,300 per sq.ft. The median value for these streets is Rs 2,090 per sq.ft, placing Poompukar Nagar ,1st Street's guideline value below the median.

• Poompukar Nagar, 2nd Street: Rs 1,980 per sq.ft (2024)
• Poombhugar Nagar ( Kudusai Part ): Rs 1,980 per sq.ft (2024)
• Ponni Nagar 3rd Street: Rs 1,980 per sq.ft (2024)
• PONNI NAGAR 3rd CROSS STREET: Rs 2,750 per sq.ft (2024)
• Ponni Nagar 2nd Street: Rs 1,980 per sq.ft (2024)
• Ponni Nagar 1st Street: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Poompukar Nagar ,1st Street,

For a 1,000 sq.ft plot at the current rate of Rs 1,980 per sq.ft, the guideline value amounts to Rs 19,80,000. The stamp duty at 7% would be Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, bringing the total to Rs 1,78,200. Duty is charged on the guideline value or the sale price, whichever is higher.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Poompukar Nagar ,1st Street,?

The Sub Registrar Office that covers Poompukar Nagar ,1st Street, is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone.

You can find your SRO for additional details.

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

The guideline value plays a crucial role during the registration of property transactions in Pammal. It serves as a benchmark for determining the minimum price at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is assessed against the sale price. The higher of the two values is used to calculate the applicable stamp duty and registration fees, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Poompukar Nagar ,1st Street?

The current guideline value of Poompukar Nagar ,1st Street, is Rs 1,980 per sq.ft, effective from 1 July 2024.

What land classification does Poompukar Nagar ,1st Street fall under?

Poompukar Nagar ,1st Street falls under the Residential Class II Type - II land classification.

How has the guideline value changed over the years?

The guideline value register does not provide figures for Poompukar Nagar ,1st Street for the years 2002, 2003, 2007, 2012, 2017, and 2023. The only figure available is from the 2024 revision, which is Rs 1,980 per sq.ft.

What are the stamp duty and registration fees for property in Poompukar Nagar ,1st Street?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees would be Rs 1,78,200, calculated based on the guideline value of Rs 19,80,000.

Which office handles property registration for Poompukar Nagar ,1st Street?

The Pammal Sub Registrar Office is responsible for property registration in Poompukar Nagar ,1st Street, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.