Guideline Value for Poonga Street

Poonga Street guideline value

The current guideline value of Poonga Street is Rs 1,500 per sq.ft, effective from 1 July 2024. This street is located in Gooduvancheri village, under the Gooduvancheri SRO, and falls under the land classification of Residential Special Type - I.

How the guideline value of Poonga Street has changed

In the 2017 revision, the guideline value for Poonga Street was Rs 1,005 per sq.ft. This figure remained unchanged at Rs 1,500 per sq.ft in the 2023 revision and continued to hold the same value in the 2024 revision, showing no percentage change between 2023 and 2024. The overall change from 2017 to 2024 reflects an increase of 49%.

The register has no figures for the years 2002, 2003, 2007, and 2012 for Poonga Street. Therefore, the only revisions available for this street are from 2017, 2023, and 2024.

Guideline values in Gooduvancheri

In Gooduvancheri, there are 129 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 3,500 per sq.ft. The median guideline value for these streets is Rs 1,500 per sq.ft, which is equal to the current figure for Poonga Street.

• Priya Nagar: Rs 1,500 per sq.ft (2024)
• Priya Nagar Ext. I & II & III: Rs 1,500 per sq.ft (2024)
• P.R.V. Nagar: Rs 1,500 per sq.ft (2024)
• Pushapa Avenue: Rs 1,200 per sq.ft (2024)
• Pushpa Kanth Nagar: Rs 1,200 per sq.ft (2024)
• Radhakrishnan Street: Rs 2,001 per sq.ft (2024)

Stamp duty and registration fee for property in Poonga Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,500 per sq.ft, the total guideline value amounts to Rs 15,00,000. The stamp duty, calculated at 7%, would be Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, bringing the total to Rs 1,35,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Poonga Street?

The Sub Registrar Office that covers Poonga Street is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process for property transactions in Gooduvancheri. It serves as a benchmark for determining the stamp duty and registration fees payable during the sale or purchase of property.

When buying or selling property, it is essential to be aware that the guideline value may influence the overall cost of the transaction. Buyers should ensure that they are informed about the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Poonga Street?

The current guideline value of Poonga Street is Rs 1,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 1,005 per sq.ft to Rs 1,500 per sq.ft in both the 2023 and 2024 revisions, reflecting a 49% increase overall.

What other streets have the same guideline value in Gooduvancheri?

Other streets in Gooduvancheri with the same guideline value of Rs 1,500 per sq.ft include Priya Nagar, Priya Nagar Ext. I & II & III, and P.R.V. Nagar.

Where is the Gooduvancheri Sub Registrar Office located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

How is stamp duty calculated for properties in Poonga Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For a property valued at Rs 15,00,000, the stamp duty at 7% would amount to Rs 1,05,000.