Guideline Value for Poonamallee - Amainthakari Road

Poonamallee - Amainthakari Road guideline value

The current guideline value of Poonamallee - Amainthakari Road is Rs 4,290 per sq.ft, effective from 1 July 2024. This road is located in Kattupakkam village and falls under the Kunrathur SRO. The land classification for this area is Commercial Class I Type - I.

How the guideline value of Poonamallee - Amainthakari Road has changed

The guideline value for Poonamallee - Amainthakari Road has seen several revisions over the years. In 2003, the value was Rs 240 per sq.ft, which increased to Rs 600 per sq.ft in 2007. The 2012 revision recorded a value of Rs 3,900 per sq.ft, followed by a decrease to Rs 2,613 per sq.ft in 2017. The value then rose significantly to Rs 3,900 per sq.ft in 2023, before reaching the current rate of Rs 4,290 per sq.ft in 2024.

Between the revisions, notable changes include a 150% increase from 2003 to 2007, a 550% increase from 2007 to 2012, a 33% decrease from 2012 to 2017, a 49% increase from 2017 to 2023, and a 10% increase from 2023 to 2024. The register has no figure for this street in 2002.

Guideline values in Kattupakkam

Kattupakkam village has 75 streets under the Kunrathur SRO with a 2024 guideline value ranging from Rs 1,980 to Rs 4,290 per sq.ft. The median guideline value for these streets is Rs 2,090 per sq.ft, placing Poonamallee - Amainthakari Road's 2024 figure above this median.

• Pooncholai Street: Rs 3,960 per sq.ft (2024)
• Pillaiyar koil Street: Rs 2,090 per sq.ft (2024)
• Peria Pattu Street: Rs 3,520 per sq.ft (2024)
• Paventher Nagar: Rs 3,520 per sq.ft (2024)
• Paventhar Nagar Extension: Rs 2,090 per sq.ft (2024)
• Palla Street: Rs 2,090 per sq.ft (2024)

Stamp duty and registration fee for property in Poonamallee - Amainthakari Road

For a 1,000 sq.ft plot at the current guideline value of Rs 4,290 per sq.ft, the total guideline value amounts to Rs 42,90,000. The stamp duty at 7% would be Rs 3,00,300, while the registration fee at 2% would be Rs 85,800, totaling Rs 3,86,100. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for further details.

Which Sub Registrar Office covers Poonamallee - Amainthakari Road?

The Sub Registrar Office that covers Poonamallee - Amainthakari Road is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Kattupakkam. It is used to determine the stamp duty and registration fees that need to be paid when a property is sold or purchased. This ensures that the transaction is recorded at a value that reflects the established rates in the area.

When buying or selling property, the guideline value serves as a benchmark for the transaction price. It is important for buyers and sellers to be aware of the current guideline value to ensure compliance with local regulations and to accurately calculate the associated costs.

Frequently asked questions

What is the current guideline value of Poonamallee - Amainthakari Road?

The current guideline value of Poonamallee - Amainthakari Road is Rs 4,290 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 240 per sq.ft in 2003 to Rs 4,290 per sq.ft in 2024, with various increases and decreases recorded in between.

What is the land classification for Poonamallee - Amainthakari Road?

The land classification for Poonamallee - Amainthakari Road is Commercial Class I Type - I.

Where can I find the Kunrathur Sub Registrar Office?

The Kunrathur Sub Registrar Office is located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is the stamp duty calculated for properties in Kattupakkam?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. It is typically 7% of the guideline value, along with a registration fee of 2%.