Guideline Value for Poosanam Street

Poosanam Street guideline value

The current guideline value of Poosanam Street is Rs 4,900 per sq.ft. This street is located in Ayanavaram village, under the AnnaNagar SRO, with a land classification of Residential Class I Type - III.

How the guideline value of Poosanam Street has changed

The guideline value for Poosanam Street has seen several revisions over the years. In 2002, the value was Rs 798 per sq.ft, which increased to Rs 1,000 per sq.ft in 2007. Following this, the value surged to Rs 4,500 per sq.ft in 2012, before dropping to Rs 3,015 per sq.ft in 2017. The 2023 revision set the value at Rs 4,500 per sq.ft, and the most recent revision in 2024 raised it to Rs 4,900 per sq.ft.

Between the revisions, notable changes include a 350% increase from 2007 to 2012, a 33% decrease from 2012 to 2017, and a significant 49% increase from 2017 to 2023. The jump from 2023 to 2024 is 9%. Overall, from 2002 to 2024, the guideline value has increased by 514%. The register has no figure for the year 2003 for this street.

Guideline values in Ayanavaram

Ayanavaram has a total of 369 streets under the AnnaNagar SRO, with guideline values ranging from Rs 2,700 to Rs 20,000 per sq.ft. The median guideline value is Rs 4,900 per sq.ft, which is equal to the current value of Poosanam Street.

• Ponnupillai Street: Rs 4,900 per sq.ft (2024)
• Police Manickam Pillai Street: Rs 5,500 per sq.ft (2024)
• Punitha Antoniyar Street, Chennai 82: Rs 4,900 per sq.ft (2024)
• Punitha Sagaya Madha Street, 27th Street, G.K.M.Colony: Rs 4,400 per sq.ft (2024)
• Poachers Road (Porteous Road): Rs 4,400 per sq.ft (2024)
• Puthu Nagar (New nagar) 2nd Street & 3 Street: Rs 4,900 per sq.ft (2024)

Stamp duty and registration fee for property in Poosanam Street

For a 1,000 sq.ft plot at the current rate of Rs 4,900 per sq.ft, the guideline value amounts to Rs 49,00,000. The stamp duty at 7% would be Rs 3,43,000, and the registration fee at 2% would be Rs 98,000, totaling Rs 4,41,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Poosanam Street?

The Sub Registrar Office that covers Poosanam Street is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office). You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Ayanavaram. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When buyers and sellers agree on a sale price, the registration office will consider the guideline value to ensure that the appropriate duties are calculated. This helps maintain transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Poosanam Street?

The current guideline value of Poosanam Street is Rs 4,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 798 per sq.ft in 2002 to Rs 4,900 per sq.ft in 2024, representing an overall increase of 514% over this period.

What are the stamp duty and registration fees for property in Poosanam Street?

For a 1,000 sq.ft plot, the total stamp duty and registration fees would amount to Rs 4,41,000, based on the current guideline value of Rs 49,00,000.

Which Sub Registrar Office handles registrations for Poosanam Street?

The AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, handles registrations for Poosanam Street.

What is the land classification for Poosanam Street?

Poosanam Street falls under the land classification of Residential Class I Type - III.