Guideline Value for Poonamallee - Kundrathur Road

Poonamallee - Kundrathur Road guideline value

The current guideline value of Poonamallee - Kundrathur Road is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Mangadu -A village under the Kunrathur SRO, classified as Residential Special Type - I.

How the guideline value of Poonamallee - Kundrathur Road has changed

The guideline value for Poonamallee - Kundrathur Road has undergone several revisions over the years. The 2017 revision set the value at Rs 1,340 per sq.ft, which increased to Rs 2,000 per sq.ft in the 2023 revision, marking a significant rise of 49%. The most recent revision in 2024 has further increased the value to Rs 2,200 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. Notably, there are no figures available for the years 2002, 2003, 2007, and 2012 for this street in the register.

Guideline values in Mangadu -A

In Mangadu -A, there are 208 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 1,320 to Rs 3,300 per sq.ft. The median value for these streets is Rs 1,870 per sq.ft, positioning Poonamallee - Kundrathur Road's 2024 figure above that median.

• Ponni Nagar: Rs 1,540 per sq.ft (2024)
• Priam Avenue Extension: Rs 1,870 per sq.ft (2024)
• Priyam Avenue: Rs 1,870 per sq.ft (2024)
• Pillaiyar Koil Street: Rs 1,540 per sq.ft (2024)
• Perumal Koil Street: Rs 2,500 per sq.ft (2024)
• Ragunathapuram East: Rs 1,430 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total to Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Poonamallee - Kundrathur Road?

The Sub Registrar Office that covers Poonamallee - Kundrathur 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 Mangadu -A

The guideline value is an essential factor in property transactions in Mangadu -A, as it determines the minimum value on which stamp duty and registration fees are calculated. Buyers and sellers must be aware of this value to ensure compliance with local regulations during property registration.

When a property is sold, the guideline value helps establish a baseline for the transaction, ensuring that the sale price is reflective of the property’s worth according to government standards. This process helps maintain transparency and fairness in property dealings.

Frequently asked questions

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

The current guideline value of Poonamallee - Kundrathur Road is Rs 2,200 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased from Rs 1,340 per sq.ft in 2017 to Rs 2,200 per sq.ft in 2024, marking an overall increase of 64% across these years.

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

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 and the registration fee would be Rs 44,000, totaling Rs 1,98,000.

Which office handles property registrations for Poonamallee - Kundrathur Road?

The Kunrathur Sub Registrar Office is responsible for property registrations in Poonamallee - Kundrathur Road, located at No.59, Road Street, Kundrathur, Chennai -600 069.

Are there other streets with guideline values in Mangadu -A?

Yes, there are several other streets in Mangadu -A with varying guideline values, ranging from Rs 1,320 to Rs 3,300 per sq.ft. Some streets include Ponni Nagar, Priam Avenue Extension, and Perumal Koil Street.