Guideline Value for Poonthottam 4th Street

Poonthottam 4th Street guideline value

The current guideline value of Poonthottam 4th Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Nandhambakkam village and falls under the Alandur SRO. The land classification for this area is Residential Class II Type - II.

How the guideline value of Poonthottam 4th Street has changed

The guideline value for Poonthottam 4th Street has undergone several revisions over the years. In 2007, the value was Rs 1,000 per sq.ft, which increased significantly to Rs 3,000 per sq.ft in 2012, marking a 200% rise. However, it then decreased to Rs 2,010 per sq.ft in 2017, reflecting a 33% drop. The value saw a substantial increase to Rs 3,000 per sq.ft in 2023, and further rose to the current figure of Rs 3,300 per sq.ft in 2024, which is a 10% increase.

There are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 230%.

Guideline values in Nandhambakkam

In Nandhambakkam, there are 76 streets under the Alandur SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 8,300 per sq.ft. The median value for these streets is Rs 3,900 per sq.ft, and Poonthottam 4th Street's 2024 figure is below that median.

• Poonthottam 3rd Street: Rs 3,300 per sq.ft (2024)
• Poonthottam First Street: Rs 3,300 per sq.ft (2024)
• Poonthottam 2nd Street: Rs 3,300 per sq.ft (2024)
• Pathmini Garden: Rs 8,300 per sq.ft (2024)
• Ramar Koil Street: Rs 5,000 per sq.ft (2024)
• North Mada Veedhi: Rs 3,900 per sq.ft (2024)

Stamp duty and registration fee for property in Poonthottam 4th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total fees together to Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Poonthottam 4th Street?

The Sub Registrar Office that covers Poonthottam 4th Street is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property transactions in Nandhambakkam. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the sale process.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. These fees are based on the higher of the guideline value or the actual sale price, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Poonthottam 4th Street?

The current guideline value of Poonthottam 4th Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, marking an overall increase of 230% over this period.

What is the registration office for Poonthottam 4th Street?

The registration office for Poonthottam 4th Street is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

How is stamp duty calculated for properties in Poonthottam 4th Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000.

Are there other streets with similar guideline values in Nandhambakkam?

Yes, there are several other streets in Nandhambakkam with similar guideline values. For instance, Poonthottam 3rd Street, First Street, and 2nd Street all have a guideline value of Rs 3,300 per sq.ft in 2024.