Guideline Value for Poongavanam Kuppam

Poongavanam Kuppam guideline value

The current guideline value of Poongavanam Kuppam is Rs 1,300 per sq.ft, effective from 1 July 2024. This area is located in Tondaiarpet village, under the Royapuram SRO, and is classified as Residential Class II Type - I.

How the guideline value of Poongavanam Kuppam has changed

The guideline value for Poongavanam Kuppam has seen several revisions over the years. In 2007, the guideline value was Rs 600 per sq.ft, which increased to Rs 804 per sq.ft in 2017, marking a change of +34%. The value then rose to Rs 1,200 per sq.ft in 2023, reflecting a significant increase of +49%. The most recent revision in 2024 set the value at Rs 1,300 per sq.ft, an increase of +8% from the previous year.

There are no figures available for the years 2002, 2003, and 2012 for this street. Overall, from 2007 to 2024, the guideline value has increased by +117%.

Guideline values in Tondaiarpet

In Tondaiarpet, there are 1,384 streets under the Royapuram SRO, with guideline values ranging from Rs 1,100 to Rs 10,100 per sq.ft. The median value for these streets is Rs 1,600 per sq.ft, making the current guideline value of Poongavanam Kuppam below that median.

• Poondi Thangammal Street: Rs 1,600 per sq.ft (2024)
• Power Kuppam: Rs 1,300 per sq.ft (2024)
• P.P.Amman Koil (East): Rs 1,300 per sq.ft (2024)
• Ponnuswamy Street: Rs 1,600 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 Poongavanam Kuppam

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value would be Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, making the total fees Rs 1,17,000. Please note that the duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Poongavanam Kuppam?

The Sub Registrar Office that covers Poongavanam Kuppam 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 is a crucial factor in property transactions in Tondaiarpet. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold.

When registering a property, the guideline value is used to calculate the applicable fees, ensuring that both the buyer and seller are aware of the financial implications of the transaction. This helps maintain transparency and compliance with local regulations.

Frequently asked questions

What is the current guideline value of Poongavanam Kuppam?

The current guideline value of Poongavanam Kuppam is Rs 1,300 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2007, the guideline value has increased from Rs 600 per sq.ft to Rs 1,300 per sq.ft in 2024, representing an overall increase of +117%.

What is the role of the Royapuram SRO?

The Royapuram SRO is responsible for property registrations in the area, including Poongavanam Kuppam. It ensures that transactions are recorded accurately and that the necessary fees are collected.

What are the stamp duty and registration fees for properties in Poongavanam Kuppam?

The stamp duty is charged at 7% of the guideline value, while the registration fee is 2%. For example, for a property valued at Rs 13,00,000, the total fees would be Rs 1,17,000.

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

More information about the guideline values in Tondaiarpet can be found through the Registration Department's guideline value register (TNReginet) or by visiting the Royapuram SRO.