Guideline Value for Poonamallee High road (or) E.V.R. Salai

Poonamallee High road (or) E.V.R. Salai guideline value

The current guideline value of Poonamallee High road (or) E.V.R. Salai is Rs 18,100 per sq.ft, effective from 1 July 2024. This street is located in Egmore village, under the Periamet SRO, and is classified as Commercial Special Type - II.

How the guideline value of Poonamallee High road (or) E.V.R. Salai has changed

The guideline value for Poonamallee High road (or) E.V.R. Salai has seen significant changes over the years. In 2002, the guideline value was Rs 2,945 per sq.ft, which increased to Rs 3,246 per sq.ft in 2003. Thereafter, a substantial rise occurred, with the value reaching Rs 16,500 per sq.ft in 2007, and remaining at that level through 2012. However, in 2017, the value dropped to Rs 11,055 per sq.ft before climbing to Rs 16,500 per sq.ft in 2023, and finally reaching Rs 18,100 per sq.ft in 2024.

Between the revisions, the changes were notable. From 2002 to 2024, the overall increase was +515%. The most significant jump was from 2002 to 2003 at +10%, and from 2003 to 2007, there was a remarkable increase of +408%. The value saw a decline of -33% from 2012 to 2017, while from 2023 to 2024, there was an increase of +10%.

Guideline values in Egmore

In Egmore village, there are 465 streets under the Periamet SRO, with guideline values ranging from Rs 2,800 to Rs 22,000 per sq.ft. The median guideline value for these streets is Rs 7,100 per sq.ft, making the current value of Poonamallee High road (or) E.V.R. Salai above this median.

• Poonamallee High road lane E.V.R. Lane: Rs 13,500 per sq.ft (2024)
• Poosala Boopathy Nagar: Rs 7,100 per sq.ft (2024)
• Poosala Gengu Reddy street: Rs 7,100 per sq.ft (2024)
• Post Audit road: Rs 7,100 per sq.ft (2024)
• Ponniamman street: Rs 18,100 per sq.ft (2024)
• Ponnappa Street: Rs 11,000 per sq.ft (2024)

Stamp duty and registration fee for property in Poonamallee High road (or) E.V.R. Salai

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, making the total cost for these fees 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 (or) E.V.R. Salai?

The Sub Registrar Office that covers Poonamallee High road (or) E.V.R. Salai is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. You can find your SRO for more information.

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

The guideline value is an essential factor when registering property transactions in Egmore. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

Frequently asked questions

What is the current guideline value of Poonamallee High road (or) E.V.R. Salai?

The current guideline value of Poonamallee High road (or) E.V.R. Salai 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 significantly from Rs 2,945 per sq.ft in 2002 to Rs 18,100 per sq.ft in 2024, reflecting an overall increase of 515% over the years.

What is the land classification for Poonamallee High road (or) E.V.R. Salai?

Poonamallee High road (or) E.V.R. Salai is classified as Commercial Special Type - II under the land classification.

Where is the Sub Registrar Office for this area located?

The Sub Registrar Office for Poonamallee High road (or) E.V.R. Salai is located at 1103, Poonamallee High Road, Chennai-600 003.

How is the stamp duty calculated for properties in this area?

The stamp duty is calculated at 7% of the higher value between the guideline value and the sale price. For example, for a property valued at Rs 1,81,00,000, the stamp duty would be Rs 12,67,000.