Guideline Value for Poonnamallee TharSalai

Poonnamallee TharSalai guideline value

The current guideline value of Poonnamallee TharSalai is Rs 200 per sq.ft, effective from 1 July 2024. This street is located in Padoor village under the Sunguvarchattram SRO, classified as Residential Class I Type - I.

How the guideline value of Poonnamallee TharSalai has changed

The guideline value for Poonnamallee TharSalai has seen several revisions over the years. The 2012 revision set the value at Rs 200 per sq.ft, which remained unchanged until the 2023 revision, also at Rs 200 per sq.ft. The 2017 revision marked a decrease to Rs 134 per sq.ft, followed by an increase of 49% to Rs 200 per sq.ft in 2023, and finally, the 2024 revision maintained the value at Rs 200 per sq.ft, showing no change from the previous year. The register has no figure for this street for the years 2002, 2003, and 2007.

Overall, from the 2012 revision to the 2024 revision, the guideline value has remained constant at Rs 200 per sq.ft. The changes between the revisions indicate fluctuations, with the most significant change occurring between 2017 and 2023, where the value increased by 49%.

Guideline values in Padoor

Padoor village has 22 streets under the Sunguvarchattram SRO, with guideline values for 2024 ranging from Rs 150 to Rs 1,700 per sq.ft. The median guideline value in Padoor is Rs 705 per sq.ft, placing Poonnamallee TharSalai's 2024 figure below this median.

• P.V.K Street: Rs 200 per sq.ft (2024)
• MGR Street: Rs 150 per sq.ft (2024)
• Madha Koil Street: Rs 150 per sq.ft (2024)
• SriRam Naidu veedhi: Rs 200 per sq.ft (2024)
• Susee Alight: Rs 810 per sq.ft (2024)
• Thendral: Rs 1,209 per sq.ft (2024)

Stamp duty and registration fee for property in Poonnamallee TharSalai

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value would be Rs 2,00,000. The stamp duty at 7% would amount to Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total to Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can calculate your fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Poonnamallee TharSalai?

The Sub Registrar Office that covers Poonnamallee TharSalai is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Padoor, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that these costs are based on a standardized valuation.

It is essential for buyers and sellers to understand the guideline value, as it influences the overall cost of property transactions. The registration process mandates that the property must be registered at or above the guideline value, providing a clear framework for all parties involved.

Frequently asked questions

What is the current guideline value of Poonnamallee TharSalai?

The current guideline value of Poonnamallee TharSalai is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, with the most recent being Rs 200 per sq.ft in 2024, which has remained unchanged since 2023. The value was Rs 134 per sq.ft in 2017 and Rs 200 per sq.ft in 2012.

What are the stamp duty and registration fees for property in Poonnamallee TharSalai?

For a property valued at Rs 2,00,000, the stamp duty would be Rs 14,000 and the registration fee would be Rs 4,000, totaling Rs 18,000. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Which office handles registrations for Poonnamallee TharSalai?

The Sunguvarchattram Sub Registrar Office handles registrations for Poonnamallee TharSalai. It is located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

What is the significance of the guideline value in property transactions?

The guideline value serves as a benchmark for property valuations in Padoor, influencing the registration fees and stamp duty. It ensures that properties are registered at a fair value, which is critical for legal and financial purposes.