Guideline Value for Poonamallee High Road

Poonamallee High Road guideline value

The current guideline value of Poonamallee High Road in Baraniputjur village is Rs 1,450 per sq.ft, effective from 1 July 2024. This area falls under the Kunrathur SRO and is classified as Residential Special Type - I.

How the guideline value of Poonamallee High Road has changed

Over the years, the guideline value of Poonamallee High Road has seen significant changes. In the 2007 revision, the value was Rs 250 per sq.ft, which increased dramatically to Rs 1,300 per sq.ft in 2012, marking a rise of 420%. However, from 2012 to 2017, the value decreased to Rs 872 per sq.ft, a decline of 33%. The 2017 revision saw a substantial increase to Rs 1,302 per sq.ft in 2023, reflecting a growth of 49%. The most recent revision in 2024 set the value at Rs 1,450 per sq.ft, which is an increase of 11% from the previous year.

It is important to note that the register has no figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 480%.

Guideline values in Baraniputjur

In Baraniputjur, there are 39 streets under the Kunrathur SRO that have a 2024 guideline value ranging from Rs 700 to Rs 2,500 per sq.ft. The median value for these streets is Rs 1,210 per sq.ft, placing Poonamallee High Road's 2024 figure above this median.

• Pilliyar Koil Street: Rs 1,210 per sq.ft (2024)
• Perumal Koil Street: Rs 1,210 per sq.ft (2024)
• Ramya Nagar: Rs 700 per sq.ft (2024)
• Nova Nagar Annuxe: Rs 1,210 per sq.ft (2024)
• Nova Nagar: Rs 1,210 per sq.ft (2024)
• Sammandham Nagar: Rs 820 per sq.ft (2024)

Stamp duty and registration fee for property in Poonamallee High Road

For a 1,000 sq.ft plot at the current guideline value of Rs 1,450 per sq.ft, the total guideline value would be Rs 14,50,000. The stamp duty at 7% would be Rs 1,01,500, and the registration fee at 2% would be Rs 29,000, bringing the total fees to Rs 1,30,500. Please note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Poonamallee High Road?

The Poonamallee High Road is covered by the Kunrathur Sub Registrar Office located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for further assistance.

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

The guideline value is an essential factor in the registration process when buying or selling property in Baraniputjur. It serves as the minimum value on which stamp duty and registration fees are calculated, ensuring that property transactions are conducted transparently and fairly.

When a property is sold, the buyer and seller must refer to the guideline value to determine the applicable fees. This value helps to standardize property transactions and provides a reference point for both parties involved.

Frequently asked questions

What is the current guideline value of Poonamallee High Road?

The current guideline value of Poonamallee High Road is Rs 1,450 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 250 per sq.ft in 2007 to Rs 1,450 per sq.ft in 2024, marking an overall increase of 480%.

What are the other streets in Baraniputjur and their guideline values?

Other streets in Baraniputjur have varying guideline values, with rates ranging from Rs 700 to Rs 2,500 per sq.ft. For example, Pilliyar Koil Street and Perumal Koil Street both have a value of Rs 1,210 per sq.ft.

What is the stamp duty percentage for properties in Poonamallee High Road?

The stamp duty for properties in Poonamallee High Road is charged at 7% of the guideline value or the sale price, whichever is higher.

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. This office handles the registration of properties in the area.