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. This street is located in Katrampakkam B village under the Sriperumpudur SRO, classified as Residential Class III Type - I.

How the guideline value of Poongavanaththamman Koil Street has changed

In the 2017 revision, the guideline value was Rs 167 per sq.ft. This figure remained unchanged in the 2023 revision, where it was still Rs 250 per sq.ft. The 2024 revision also maintained the guideline value at Rs 250 per sq.ft, showing no change from the previous year. The revisions for the years 2002, 2003, 2007, and 2012 do not have any figures recorded for this street.

From 2017 to 2023, there was a 50% increase in the guideline value. Overall, from 2017 to 2024, the guideline value has increased by 50% as well, maintaining the same rate of Rs 250 per sq.ft since 2023.

Guideline values in Katrampakkam B

Katrampakkam B village has a total of 44 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 150 to Rs 800 per sq.ft. The median guideline value in this village is Rs 275 per sq.ft, placing Poongavanaththamman Koil Street's 2024 figure below that median.

• 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 rate of Rs 250 per sq.ft, the guideline value amounts to Rs 2,50,000. The stamp duty at 7% would be Rs 17,500, while the registration fee at 2% would be Rs 5,000, resulting in a total of Rs 22,500. It is important to note that the 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 details.

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 more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Katrampakkam B. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of registration.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the registration process is based on a standardized valuation, which is essential for transparency and compliance.

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?

Since the 2017 revision, the guideline value has seen a 50% increase, remaining at Rs 250 per sq.ft in both the 2023 and 2024 revisions. There were no recorded figures for the years 2002, 2003, 2007, and 2012.

What is the median guideline value in Katrampakkam B?

The median guideline value in Katrampakkam B is Rs 275 per sq.ft. Poongavanaththamman Koil Street's 2024 guideline value is below this median.

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 is Rs 17,500 and the registration fee is Rs 5,000, totaling Rs 22,500. These fees are calculated based on the higher of the guideline value or the sale price.

Where is the Sub Registrar Office located?

The Sriperumpudur Sub Registrar Office is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. This office handles the registration of properties in the area.