Guideline Value for Poongavanaththamman Koil Street

Poongavanaththamman Koil Street guideline value

The current guideline value of Poongavanaththamman Koil Street is Rs 250 per sq.ft, effective from 1 July 2024. This street is located in Katrampakkam village under the Sriperumpudur SRO, classified as Residential Class III Type - I.

How the guideline value of Poongavanaththamman Koil Street has changed

The guideline value for Poongavanaththamman Koil Street has seen several revisions over the years. The 2012 revision set the value at Rs 250 per sq.ft, which remained unchanged until the 2023 revision, where it was again Rs 250 per sq.ft. However, the 2017 revision marked a significant increase to Rs 167 per sq.ft, representing a 50% increase from the previous figure. Notably, the register has no figure for this street for the years 2002, 2003, and 2007.

From the 2012 revision to the 2017 revision, the value decreased by 33%. Overall, when comparing the 2012 revision to the current 2024 revision, the guideline value remains unchanged at Rs 250 per sq.ft. The most recent revision from 2023 to 2024 shows no change, with a 0% increase.

Guideline values in Katrampakkam

In Katrampakkam, there are 41 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 800 per sq.ft. The median value is Rs 250 per sq.ft, which is equal to the current guideline value of Poongavanaththamman Koil Street.

• Quidemillath Nagar: Rs 250 per sq.ft (2024)
• Perumal Koil Street: Rs 250 per sq.ft (2024)
• Pallavan Nagar: Rs 500 per sq.ft (2024)
• Pakiya Nagar: Rs 300 per sq.ft (2024)
• Ram Nagar: Rs 250 per sq.ft (2024)
• Royal Homes: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Poongavanaththamman Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 250 per sq.ft, the total guideline value amounts to Rs 2,50,000. The stamp duty at 7% would be Rs 17,500, and the registration fee at 2% would be Rs 5,000, making the total fees Rs 22,500. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Poongavanaththamman Koil Street?

The Sub Registrar Office that covers Poongavanaththamman Koil Street is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for additional assistance.

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

The guideline value plays a crucial role during property registration in Katrampakkam. It is used to determine the stamp duty and registration fees applicable to the property transaction, ensuring that the fees are calculated based on the current valuation of the property.

When buying or selling property, it is essential to be aware of the guideline value as it directly impacts the financial obligations during the registration process. Buyers should ensure that they are informed about the latest guideline values to avoid any discrepancies during the transaction.

Frequently asked questions

What is the current guideline value of Poongavanaththamman Koil Street?

The current guideline value of Poongavanaththamman Koil Street is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Over the years, the guideline value has seen various revisions, with the most recent being Rs 250 per sq.ft since 2012, remaining unchanged until 2024. The value increased from Rs 167 per sq.ft in 2017 to Rs 250 per sq.ft in 2023, with no change in 2024.

What is the classification of land on Poongavanaththamman Koil Street?

Poongavanaththamman Koil Street is classified as Residential Class III Type - I, which indicates its intended use for residential purposes.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 2,50,000, the stamp duty would be Rs 17,500 and the registration fee would be Rs 5,000, totaling Rs 22,500. These fees are based on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office located for this street?

The Sub Registrar Office covering Poongavanaththamman Koil Street is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.