Guideline Value for Poondi road

Poondi road guideline value

The current guideline value of Poondi road is Rs 880 per sq.ft, effective from 1 July 2024. This road is located in Thiruvallur village under the Tiruvallur Joint 1 SRO and is classified as Residential Class IV Type - I.

How the guideline value of Poondi road has changed

The guideline value for Poondi road has seen several revisions over the years. In 2003, the value was Rs 305 per sq.ft, which increased to Rs 320 per sq.ft in 2007. The value then rose significantly to Rs 800 per sq.ft in 2012, before dropping to Rs 536 per sq.ft in 2017. The 2023 revision set the value at Rs 800 per sq.ft, and the most recent 2024 revision has increased it to Rs 880 per sq.ft. Notably, there is no figure for this street in the 2002 revision.

From 2017 to 2023, the guideline value increased by 49%. The transition from 2012 to 2017 saw a decrease of 33%, while the rise from 2007 to 2012 was substantial at 150%. The increase from 2003 to 2007 was modest at 5%. Overall, from 2003 to 2024, the guideline value has increased by 189%.

Guideline values in Thiruvallur

In Thiruvallur, there are 172 streets under the Tiruvallur Joint 1 SRO that carry a 2024 guideline value ranging from Rs 550 to Rs 3,850 per sq.ft, with a median value of Rs 1,100 per sq.ft. The guideline value for Poondi road is below this median.

• Ponnappan Street: Rs 1,650 per sq.ft (2024)
• Pukalenthi Street: Rs 1,650 per sq.ft (2024)
• Pumphouse Road: Rs 1,100 per sq.ft (2024)
• Pungathur: Rs 1,650 per sq.ft (2024)
• Pungathur Colony: Rs 1,100 per sq.ft (2024)
• Perupakkam Colony: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Poondi road

For a 1,000 sq.ft plot at the current guideline value of Rs 880 per sq.ft, the total guideline value amounts to Rs 8,80,000. The stamp duty at 7% would be Rs 61,600, and the registration fee at 2% would be Rs 17,600, bringing the total fees to Rs 79,200. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can also use the stamp duty and registration fee calculator for accurate calculations.

Which Sub Registrar Office covers Poondi road?

The Sub Registrar Office that covers Poondi road is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Thiruvallur. It serves as a benchmark for calculating the stamp duty and registration fees that buyers must pay during the property registration process.

When a property is sold, the sale price or the guideline value, whichever is higher, is used to determine the applicable fees. This ensures that the government receives appropriate revenue from property transactions, reflecting the current market conditions.

Frequently asked questions

What is the current guideline value of Poondi road?

The current guideline value of Poondi road is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 305 per sq.ft in 2003 to Rs 880 per sq.ft in 2024, showing an overall increase of 189% over the years.

What is the land classification for Poondi road?

Poondi road is classified as Residential Class IV Type - I under the Tiruvallur Joint 1 SRO.

What are the stamp duty and registration fees for properties on Poondi road?

For a property valued at Rs 8,80,000, the stamp duty would be Rs 61,600 and the registration fee would be Rs 17,600, totaling Rs 79,200.

Where is the Sub Registrar Office for Poondi road located?

The Tiruvallur Joint 1 Sub Registrar Office is located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.