Guideline Value for Poonamallee High Road

Poonamallee High Road guideline value

The current guideline value of Poonamallee High Road in Noombal village under the Kunrathur SRO is Rs 4,290 per sq.ft, effective from 1 July 2024. This street is classified as Commercial Class I Type - I.

How the guideline value of Poonamallee High Road has changed

The guideline value for Poonamallee High Road has seen significant changes over the years. Starting from the 2003 revision, the value was Rs 176 per sq.ft. This figure increased dramatically to Rs 2,613 per sq.ft in the 2017 revision, marking a rise of 1385%. Following that, in the 2023 revision, the value was set at Rs 3,900 per sq.ft, which was a 49% increase from the previous revision. The most recent revision in 2024 has further increased the guideline value to Rs 4,290 per sq.ft, reflecting a 10% rise from 2023.

There are no figures available for the revisions in 2002, 2007, and 2012 for this street. Overall, from 2003 to 2024, the guideline value has increased by 2338%.

Guideline values in Noombal

Noombal village has 164 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 6,500 per sq.ft, with a median value of Rs 2,090 per sq.ft. The guideline value of Poonamallee High Road is above this median.

• Puliambedu A.R.C. Road: Rs 2,090 per sq.ft (2024)
• Puliambedu Burial Ground Road: Rs 2,090 per sq.ft (2024)
• Puliambedu Chinna Street: Rs 2,090 per sq.ft (2024)
• Puliambedu Jatjas Colony Main Road: Rs 2,090 per sq.ft (2024)
• Puliambedu Kulakarai 2nd Street: Rs 2,090 per sq.ft (2024)
• Puliambedu Kulakarai 3rd Street: Rs 2,090 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 4,290 per sq.ft, the total guideline value amounts to Rs 42,90,000. The stamp duty at 7% would be Rs 3,00,300, and the registration fee at 2% would be Rs 85,800, bringing the total to Rs 3,86,100. It is important to note that 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 detailed calculations.

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 more information.

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

The guideline value is a crucial factor when registering property transactions in Noombal. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, it is essential to be aware of the guideline value, as it can influence the overall transaction costs. Buyers should ensure that they are informed about the current rates to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Poonamallee High Road?

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

How much has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 176 per sq.ft in 2003 to Rs 4,290 per sq.ft in 2024, which is an overall increase of 2338%.

What is the land classification for Poonamallee High Road?

Poonamallee High Road is classified as 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 stamp duty calculated for property in Poonamallee High Road?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value would incur a stamp duty of Rs 3,00,300.