Guideline Value for Poonga Street, V.O.C Nagar

Poonga Street, V.O.C Nagar guideline value

The current guideline value of Poonga Street, V.O.C Nagar is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Pammal village under the Pammal SRO, and is classified as Commercial Class I Type - II.

How the guideline value of Poonga Street, V.O.C Nagar has changed

The guideline value register for Poonga Street shows no figures for the years 2002, 2003, 2007, 2012, 2017, and 2023. The only available figure is from the 2024 revision, which is Rs 2,750 per sq.ft.

Since there are no figures available for the previous revisions, there have been no changes in the guideline value for Poonga Street, V.O.C Nagar over the years.

Guideline values in Pammal

Pammal village has a total of 926 streets under the Pammal SRO, with guideline values ranging from Rs 880 to Rs 3,300 per sq.ft as per the 2024 revision. The median guideline value is Rs 2,090 per sq.ft, placing Poonga Street's 2024 figure above this median.

• Poompukar Nagar, 2nd Street: Rs 1,980 per sq.ft (2024)
• Poompukar Nagar, 1st Street: Rs 1,980 per sq.ft (2024)
• Poombhugar Nagar (Kudusai Part): Rs 1,980 per sq.ft (2024)
• Ponni Nagar 3rd Street: Rs 1,980 per sq.ft (2024)
• PONNI NAGAR 3rd CROSS STREET: Rs 2,750 per sq.ft (2024)
• Ponni Nagar 2nd Street: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Poonga Street, V.O.C Nagar

For a 1,000 sq.ft plot at the current rate of Rs 2,750 per sq.ft, the guideline value would be Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, totaling Rs 2,47,500. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Poonga Street, V.O.C Nagar?

The Sub Registrar Office that covers Poonga Street, V.O.C Nagar is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, within the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Pammal. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on the official value set by the authorities.

When a property is sold, the buyer must pay stamp duty and registration fees based on the higher of the guideline value or the sale price. This ensures that the transaction is recorded accurately and in compliance with local regulations.

Frequently asked questions

What is the current guideline value of Poonga Street, V.O.C Nagar?

The current guideline value of Poonga Street, V.O.C Nagar is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value register shows no figures for Poonga Street for the years 2002, 2003, 2007, 2012, 2017, and 2023. The only available figure is from the 2024 revision, which is Rs 2,750 per sq.ft, with no changes recorded in previous years.

What are the guideline values for other streets in Pammal?

The guideline values for other streets in Pammal vary, with rates ranging from Rs 880 to Rs 3,300 per sq.ft as per the 2024 revision. Poonga Street's value is above the median of Rs 2,090 per sq.ft.

What fees are associated with buying property in Poonga Street?

When purchasing property in Poonga Street, buyers must pay stamp duty at 7% of the guideline value and a registration fee at 2%. For example, a 1,000 sq.ft plot would incur a total of Rs 2,47,500 in these fees.

Where is the Sub Registrar Office for Poonga Street located?

The Sub Registrar Office for Poonga Street, V.O.C Nagar is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075. This office handles all registrations for properties in the area.