Guideline Value for Poonamallee High Road

Poonamallee High Road guideline value

The current guideline value of Poonamallee High Road is Rs 18,100 per sq.ft, effective from 1 July 2024. This road is located in Vepery village and falls under the Periamet Sub Registrar Office (SRO). The land classification for this area is Commercial Special Type - II.

How the guideline value of Poonamallee High Road has changed

The guideline value for Poonamallee High Road has seen several revisions over the years. In 2007, the value was Rs 16,500 per sq.ft, which remained unchanged until the 2012 revision, where it also stood at Rs 16,500 per sq.ft. However, in 2017, the value dropped to Rs 11,055 per sq.ft, marking a decrease of 33%. The value then increased significantly to Rs 16,500 per sq.ft in 2023, and the most recent revision in 2024 set it at Rs 18,100 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 10%. The revisions for the years 2002 and 2003 do not have any figures recorded for this street in the register.

Guideline values in Vepery

In Vepery, there are 290 streets under the Periamet SRO that carry a 2024 guideline value, ranging from Rs 2,200 to Rs 22,000 per sq.ft, with a median value of Rs 4,800 per sq.ft. Poonamallee High Road's 2024 guideline value is above this median.

• Poonappanstreet: Rs 6,000 per sq.ft (2024)
• Pooram Prakasa Rao 2nd street: Rs 4,800 per sq.ft (2024)
• Pooram Prakasa Rao colony: Rs 4,800 per sq.ft (2024)
• Pooramrakasa Rao 1st street: Rs 6,000 per sq.ft (2024)
• Ponniyamman Koil street: Rs 6,000 per sq.ft (2024)
• Powder MillsRoad: Rs 4,800 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 18,100 per sq.ft, the total guideline value amounts to Rs 1,81,00,000. The stamp duty at 7% would be Rs 12,67,000, and the registration fee at 2% would be Rs 3,62,000, bringing the total fees to Rs 16,29,000. It is important to 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 detailed calculations.

Which Sub Registrar Office covers Poonamallee High Road?

The Sub Registrar Office that covers Poonamallee High Road is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. For more information, you can find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Vepery. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these charges reflect the official value of the property.

When a property is sold, the guideline value is used to determine the applicable fees, which are calculated based on either the guideline value or the sale price, whichever is higher. This helps maintain transparency and standardization in property transactions.

Frequently asked questions

What is the current guideline value of Poonamallee High Road?

The current guideline value of Poonamallee High Road is Rs 18,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 16,500 per sq.ft in 2007 to Rs 11,055 per sq.ft in 2017, then increased to Rs 16,500 per sq.ft in 2023, and finally to Rs 18,100 per sq.ft in 2024.

What is the land classification for Poonamallee High Road?

The land classification for Poonamallee High Road is Commercial Special Type - II.

Where can I find the Sub Registrar Office for Poonamallee High Road?

The Sub Registrar Office for Poonamallee High Road is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003.

How is the stamp duty calculated for properties in Poonamallee High Road?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For a property valued at Rs 1,81,00,000, the stamp duty at 7% would be Rs 12,67,000.