Guideline Value for Poonurangam Nagar

Poonurangam Nagar guideline value

The current guideline value of Poonurangam Nagar, located in Pozhichalur village under the Pammal SRO, is Rs 1,320 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - II.

How the guideline value of Poonurangam Nagar has changed

Historically, the guideline value for Poonurangam Nagar has seen significant changes over the years. In 2007, the guideline value was Rs 400 per sq.ft. This figure increased to Rs 804 per sq.ft in 2017, marking a 101% rise. The subsequent revision in 2023 set the value at Rs 1,200 per sq.ft, which was a 49% increase from the previous figure. The most recent revision in 2024 raised the guideline value to Rs 1,320 per sq.ft, reflecting a 10% increase from 2023.

It is important to note that there are no recorded figures for the years 2002, 2003, and 2012 for this street. Overall, from 2007 to 2024, the guideline value has increased by 230%.

Guideline values in Pozhichalur

Poonurangam Nagar's 2024 guideline value of Rs 1,320 per sq.ft is equal to the median value of Rs 1,320 per sq.ft among the 299 streets in Pozhichalur under the Pammal SRO, which range from Rs 1,100 to Rs 4,500 per sq.ft.

• Pozhichalur Main Road: Rs 2,750 per sq.ft (2024)
• Pozhichalur Main Road (14): Rs 2,750 per sq.ft (2024)
• Pozhichalur Main Road (16): Rs 2,750 per sq.ft (2024)
• Pozhichalur Main Road (8): Rs 2,750 per sq.ft (2024)
• Prem Nagar: Rs 1,650 per sq.ft (2024)
• Prem Nagar Extension: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Poonurangam Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value would be Rs 13,20,000. The stamp duty at 7% would amount to Rs 92,400, while the registration fee at 2% would be Rs 26,400. Together, the total fees would be Rs 1,18,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Poonurangam Nagar?

The Sub Registrar Office that covers Poonurangam Nagar is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, within the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial component in the property registration process in Pozhichalur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency and fairness in property transactions.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs associated with the transaction. It is essential for buyers and sellers to be aware of the current guideline value to avoid discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Poonurangam Nagar?

The current guideline value of Poonurangam Nagar is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 400 per sq.ft in 2007 to Rs 1,320 per sq.ft in 2024, marking an overall increase of 230% during this period.

What are the stamp duty and registration fees for property in Poonurangam Nagar?

For a property valued at Rs 13,20,000, the stamp duty would be Rs 92,400 and the registration fee would be Rs 26,400, totaling Rs 1,18,800.

Which office handles property registration in Poonurangam Nagar?

The Pammal Sub Registrar Office handles property registration in Poonurangam Nagar, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What is the classification of land in Poonurangam Nagar?

Poonurangam Nagar is classified as Residential Class I Type - II, indicating its suitability for residential development.