Guideline Value for Poonamallee Pipas Road

Poonamallee Pipas Road guideline value

The current guideline value of Poonamallee Pipas Road is Rs 4,620 per sq.ft, effective from 1 July 2024. This road is located in Chennerkuppam village under the Kunrathur SRO, classified as Commercial Class I Type - I.

How the guideline value of Poonamallee Pipas Road has changed

The guideline value for Poonamallee Pipas Road has undergone several revisions over the years. The 2012 revision set the value at Rs 4,200 per sq.ft, which then decreased to Rs 2,814 per sq.ft in the 2017 revision. Following this, the value saw a significant increase to Rs 4,200 per sq.ft in the 2023 revision, and then rose again to Rs 4,620 per sq.ft in the 2024 revision, marking a 10% increase from 2023.

Overall, from the 2012 revision to the current 2024 figure, the guideline value has increased by 10%. The changes from 2017 to 2023 reflect a substantial rise of 49%, while the transition from 2012 to 2017 shows a decrease of 33%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Chennerkuppam

In Chennerkuppam, there are 74 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 6,895 per sq.ft, with a median value of Rs 1,540 per sq.ft. The guideline value for Poonamallee Pipas Road is above this median.

• Prethiv Nagar: Rs 1,430 per sq.ft (2024)
• Periyar Nagar Extension: Rs 1,540 per sq.ft (2024)
• Periyar Nagar: Rs 1,540 per sq.ft (2024)
• Pavithra Nagar: Rs 1,430 per sq.ft (2024)
• Parvathi Nagar: Rs 1,430 per sq.ft (2024)
• Pallavan Nagar: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Poonamallee Pipas Road

For a 1,000 sq.ft plot at the current guideline value of Rs 4,620 per sq.ft, the total guideline value amounts to Rs 46,20,000. The stamp duty at 7% would be Rs 3,23,400, and the registration fee at 2% would be Rs 92,400, bringing the total to Rs 4,15,800. Please note that the duty is charged on the higher of the guideline value or the sale price.

For more details on calculating these fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Poonamallee Pipas Road?

The Poonamallee Pipas Road falls under the jurisdiction of 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 Chennerkuppam

The guideline value plays a crucial role in property transactions in Chennerkuppam, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs involved in the transaction. It is essential for both parties to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Poonamallee Pipas Road?

The current guideline value of Poonamallee Pipas Road is Rs 4,620 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 4,200 per sq.ft in 2012 to Rs 2,814 per sq.ft in 2017, then to Rs 4,200 per sq.ft in 2023, and currently stands at Rs 4,620 per sq.ft in 2024.

What is the land classification for Poonamallee Pipas Road?

Poonamallee Pipas Road is classified as Commercial Class I Type - I.

What is the stamp duty for a property on Poonamallee Pipas Road?

The stamp duty for a property on Poonamallee Pipas Road is calculated at 7% of the guideline value or sale price, whichever is higher.

Where is the Kunrathur Sub Registrar Office located?

The Kunrathur Sub Registrar Office is located at No.59, Road Street, Kundrathur, Chennai -600 069.