Guideline Value for Poondi Thangammal Street

Poondi Thangammal Street guideline value

The current guideline value of Poondi Thangammal Street is Rs 1,600 per sq.ft, effective from 1 July 2024. This street is located in Tondaiarpet village under the Royapuram SRO and is classified as Residential Class I Type - II.

How the guideline value of Poondi Thangammal Street has changed

The guideline value for Poondi Thangammal Street has seen several revisions over the years. The earliest recorded figure is from 2007, where the value was Rs 700 per sq.ft. This increased to Rs 1,500 per sq.ft in 2012, but then decreased to Rs 1,005 per sq.ft in 2017. Following this, the value rose significantly to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,600 per sq.ft in 2024, marking a 7% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 129%. Notably, there are no figures available for Poondi Thangammal Street for the years 2002 and 2003.

Guideline values in Tondaiarpet

In Tondaiarpet, there are 1,384 streets under the Royapuram SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 10,100 per sq.ft. The median value is Rs 1,600 per sq.ft, which is the same as the guideline value for Poondi Thangammal Street.

• Poongavanam Kuppam: Rs 1,300 per sq.ft (2024)
• Power Kuppam: Rs 1,300 per sq.ft (2024)
• Ponnuswamy Street: Rs 1,600 per sq.ft (2024)
• P.P.Amman Koil (East): Rs 1,300 per sq.ft (2024)
• Pumping Station Road: Rs 2,200 per sq.ft (2024)
• Punitha Savier Street: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Poondi Thangammal Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,600 per sq.ft, the total guideline value amounts to Rs 16,00,000. The stamp duty at 7% would be Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, bringing the total fees to Rs 1,44,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Poondi Thangammal Street?

The Sub Registrar Office that covers Poondi Thangammal Street is the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021. You can find your SRO for more information.

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

The guideline value plays a crucial role during property registration in Tondaiarpet. It is used to determine the stamp duty and registration fees that must be paid when a property is bought or sold. Buyers and sellers should be aware that the guideline value is a reference point for these calculations.

When engaging in property transactions, it is essential to consult the latest guideline values to ensure compliance with legal requirements. The registration process relies heavily on these values to establish the financial obligations of the parties involved.

Frequently asked questions

What is the current guideline value of Poondi Thangammal Street?

The current guideline value of Poondi Thangammal Street is Rs 1,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2007, the guideline value has increased from Rs 700 per sq.ft to Rs 1,600 per sq.ft in 2024, marking a total increase of 129% over the years.

What is the registration office for Poondi Thangammal Street?

The registration office for Poondi Thangammal Street is the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021.

What are the stamp duty and registration fees for property transactions?

The stamp duty is charged at 7% of the guideline value or the sale price, whichever is higher, while the registration fee is 2% of the guideline value. For example, for a 1,000 sq.ft plot, the total fees would amount to Rs 1,44,000.

Where can I find more information about guideline values in Tondaiarpet?

More information about guideline values in Tondaiarpet can be found through the Registration Department's guideline value register (TNReginet) and by consulting the local Sub Registrar Office.