Guideline Value for Poonguzhali Amman Nagar

Poonguzhali Amman Nagar guideline value

The current guideline value of Poonguzhali Amman Nagar is Rs 200 per sq.ft, effective from 1 July 2024. This area is located in Vilvarayanalloor village, under the Madurandakam SRO, and is classified as Residential Special Type - I.

How the guideline value of Poonguzhali Amman Nagar has changed

The guideline value for Poonguzhali Amman Nagar has undergone several revisions over the years. In 2007, the value was set at Rs 40 per sq.ft, which increased significantly to Rs 200 per sq.ft in 2012. However, this value dropped to Rs 134 per sq.ft in 2017. The most recent revisions show that the guideline value remained the same at Rs 200 per sq.ft in both 2023 and 2024. The register has no figure for this street for the years 2002 and 2003.

From 2017 to 2023, the guideline value increased by 49%. The jump from 2007 to 2012 saw a remarkable increase of 400%. Overall, from 2007 to 2024, the guideline value has seen an increase of 400%.

Guideline values in Vilvarayanalloor

In Vilvarayanalloor, there are 23 streets under the Madurandakam SRO that carry a 2024 guideline value ranging from Rs 101 to Rs 300 per sq.ft, with a median of Rs 200 per sq.ft. Poonguzhali Amman Nagar's 2024 guideline value is equal to this median.

• Prakash Park .. Malini Garden: Rs 200 per sq.ft (2024)
• Ramalingam Nagar: Rs 200 per sq.ft (2024)
• Mullai Nagar II: Rs 200 per sq.ft (2024)
• Mullai Nagar Extension -III: Rs 200 per sq.ft (2024)
• Mullai Nagar: Rs 200 per sq.ft (2024)
• Malligai Nagar: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Poonguzhali Amman Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000. Together, the total cost for stamp duty and registration fee would be Rs 18,000. 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 details.

Which Sub Registrar Office covers Poonguzhali Amman Nagar?

The Sub Registrar Office that covers Poonguzhali Amman Nagar is the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Vilvarayanalloor. It serves as a benchmark for determining the stamp duty and registration fees applicable during the property transaction.

When a property is sold, the buyer or seller must ensure that the transaction is registered at the appropriate Sub Registrar Office, using the guideline value to calculate the necessary fees. This ensures compliance with local regulations and helps in maintaining transparency in property transactions.

Frequently asked questions

What is the current guideline value of Poonguzhali Amman Nagar?

The current guideline value of Poonguzhali Amman Nagar is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 40 per sq.ft in 2007 to Rs 200 per sq.ft in 2012, then decreased to Rs 134 per sq.ft in 2017, and returned to Rs 200 per sq.ft in 2023 and 2024.

What are the other streets in Vilvarayanalloor with the same guideline value?

Other streets in Vilvarayanalloor with the same guideline value of Rs 200 per sq.ft in 2024 include Prakash Park .. Malini Garden, Ramalingam Nagar, Mullai Nagar II, Mullai Nagar Extension -III, Mullai Nagar, and Malligai Nagar.

What is the stamp duty rate for properties in Poonguzhali Amman Nagar?

The stamp duty rate for properties in Poonguzhali Amman Nagar is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Poonguzhali Amman Nagar?

The Sub Registrar Office for Poonguzhali Amman Nagar is the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.