Guideline Value for Poonamallee High Road

Poonamallee High Road guideline value

The current guideline value of Poonamallee High Road is Rs 4,180 per sq.ft, effective from July 1, 2024. This road is located in Kobarasanallur village, under the Kunrathur Sub Registrar Office (SRO), and is classified as Mixed Special Type - I.

How the guideline value of Poonamallee High Road has changed

The guideline value for Poonamallee High Road has undergone several revisions over the years. In 2007, the value was set at Rs 300 per sq.ft, which increased significantly to Rs 3,800 per sq.ft in 2012, marking a substantial rise of 1167%. However, it then decreased to Rs 2,546 per sq.ft in 2017, a decline of 33%. The value rose again to Rs 3,800 per sq.ft in 2023, and the latest revision in 2024 has set it at Rs 4,180 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 1293%. It is important to note that the register has no figures for the years 2002 and 2003 for this street.

Guideline values in Kobarasanallur

Kobarasanallur village has 28 streets under the Kunrathur SRO with a guideline value range from Rs 1,650 to Rs 4,180 per sq.ft. The median guideline value for these streets is Rs 1,980 per sq.ft, placing Poonamallee High Road above this median.

• Pillaiyar Koil Street: Rs 1,980 per sq.ft (2024)
• Royal Castle: Rs 1,980 per sq.ft (2024)
• Royal Garden & Annexe: Rs 1,980 per sq.ft (2024)
• R.T.R.Avenue: Rs 3,285 per sq.ft (2024)
• Moogambigai Nagar Phase I & II: Rs 1,980 per sq.ft (2024)
• Sree Hari Nagar: Rs 2,750 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 4,180 per sq.ft, the total guideline value amounts to Rs 41,80,000. The stamp duty at 7% would be Rs 2,92,600, and the registration fee at 2% would be Rs 83,600, bringing the total to Rs 3,76,200. It is essential to note that duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Poonamallee High Road?

The Sub Registrar Office that covers Poonamallee High 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 Kobarasanallur

The guideline value plays a crucial role in the registration process when buying or selling property in Kobarasanallur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in the official records.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. Buyers should be aware that these fees are based on the guideline value or the sale price, whichever is higher, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Poonamallee High Road?

The current guideline value of Poonamallee High Road is Rs 4,180 per sq.ft, effective from July 1, 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2007 to Rs 4,180 per sq.ft in 2024, showing an overall increase of 1293% over the years.

What is the median guideline value in Kobarasanallur?

The median guideline value for the 28 streets in Kobarasanallur is Rs 1,980 per sq.ft, with Poonamallee High Road being above this median.

What are the stamp duty and registration fees for Poonamallee High Road?

For a property valued at Rs 41,80,000, the stamp duty would be Rs 2,92,600 and the registration fee would be Rs 83,600, totaling Rs 3,76,200.

Where is the Sub Registrar Office for Poonamallee High Road located?

The Kunrathur Sub Registrar Office is located at No.59, Road Street, Kundrathur, Chennai -600 069, and it covers Poonamallee High Road.