Guideline Value for Poonamallee High Road (Rohini Theatre To Nerkundram Village Strarting Point 500 Mtrs)

Poonamallee High Road (Rohini Theatre To Nerkundram Village Strarting Point 500 Mtrs) guideline value

The current guideline value of Poonamallee High Road (Rohini Theatre To Nerkundram Village Strarting Point 500 Mtrs) is Rs 11,400 per sq.ft, effective from 1 July 2024. This street is located in Koyakbedu village, under the AnnaNagar SRO, and is classified as Commercial Class I Type - III.

How the guideline value of Poonamallee High Road (Rohini Theatre To Nerkundram Village Strarting Point 500 Mtrs) has changed

The guideline value has seen significant changes over the years. In the 2017 revision, the value was Rs 7,000 per sq.ft. This increased to Rs 10,448 per sq.ft in the 2023 revision, marking a 49% rise. The current 2024 revision shows a further increase to Rs 11,400 per sq.ft, which is a 9% increase from the previous year. Notably, the overall change from 2017 to 2024 is a substantial 63%.

There are no figures available for the years 2002, 2003, 2007, and 2012 for this street in the register.

Guideline values in Koyakbedu

In Koyakbedu, there are 270 streets under the AnnaNagar SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 16,500 per sq.ft, with a median value of Rs 4,400 per sq.ft. The guideline value of Poonamallee High Road (Rohini Theatre To Nerkundram Village Strarting Point 500 Mtrs) is above this median.

• Poonamallee High Road to (Rohini Theatre to Arumbakkam Cemetry): Rs 16,500 per sq.ft (2024)
• Postal Audit Colony: Rs 4,900 per sq.ft (2024)
• Postal Audit Colony 1st Street: Rs 4,900 per sq.ft (2024)
• Postal Audit Colony 2nd Street: Rs 4,900 per sq.ft (2024)
• Postal Audit Colony Main Road: Rs 4,900 per sq.ft (2024)
• Ponnan Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Poonamallee High Road (Rohini Theatre To Nerkundram Village Strarting Point 500 Mtrs)

For a 1,000 sq.ft plot at the current rate of Rs 11,400 per sq.ft, the guideline value amounts to Rs 1,14,00,000. The stamp duty at 7% would be Rs 7,98,000, and the registration fee at 2% would be Rs 2,28,000, totaling Rs 10,26,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can calculate your fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Poonamallee High Road (Rohini Theatre To Nerkundram Village Strarting Point 500 Mtrs)?

The Sub Registrar Office covering Poonamallee High Road (Rohini Theatre To Nerkundram Village Strarting Point 500 Mtrs) is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Koyakbedu. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when buying or selling property in the area.

When a property is sold, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Poonamallee High Road?

The current guideline value of Poonamallee High Road (Rohini Theatre To Nerkundram Village Strarting Point 500 Mtrs) is Rs 11,400 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 7,000 per sq.ft to Rs 11,400 per sq.ft in 2024. This represents an overall increase of 63% over the seven-year period.

Which Sub Registrar Office covers this area?

The AnnaNagar Sub Registrar Office covers Poonamallee High Road (Rohini Theatre To Nerkundram Village Strarting Point 500 Mtrs), located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What are the stamp duty rates for properties in this area?

The stamp duty for properties in this area is charged at a rate of 7% on the higher of the guideline value or the sale price. Additionally, there is a registration fee of 2% applicable.

Where can I find more information about guideline values in Koyakbedu?

For more information about guideline values in Koyakbedu, you can refer to the registration department's guideline value register or check the specific values for other streets in the area.