Guideline Value for Poppili Raja Street

Poppili Raja Street guideline value

The current guideline value of Poppili Raja Street is Rs 7,700 per sq.ft, effective from 1 July 2024. This street is located in Kodambakkam village under the Ashok Nagar SRO, classified as Mixed Type - II.

How the guideline value of Poppili Raja Street has changed

The guideline value for Poppili Raja Street has experienced several revisions over the years. The 2007 revision recorded a value of Rs 2,110 per sq.ft. This increased significantly to Rs 7,000 per sq.ft in 2012, marking a 232% rise. However, the value then decreased to Rs 4,690 per sq.ft in 2017, a drop of 33%. The 2023 revision set the value at Rs 7,000 per sq.ft, and the most recent revision in 2024 increased it to Rs 7,700 per sq.ft, reflecting a 10% increase from the previous year.

There are no recorded figures for Poppili Raja Street in the 2002 and 2003 revisions. Overall, from 2007 to 2024, the guideline value has increased by 265%.

Guideline values in Kodambakkam

In Kodambakkam, there are 1,031 streets under the Ashok Nagar SRO, with guideline values ranging from Rs 2,200 to Rs 11,000 per sq.ft. The median value is Rs 4,900 per sq.ft, placing Poppili Raja Street's 2024 figure above this median.

• Poosti Street Block 81: Rs 3,300 per sq.ft (2024)
• Postal Colony 1st Street: Rs 7,000 per sq.ft (2024)
• Postal Colony 2nd Street: Rs 7,000 per sq.ft (2024)
• Postal Colony 3rd Street (Telepost colony): Rs 7,000 per sq.ft (2024)
• Postal Colony 4th Street: Rs 7,000 per sq.ft (2024)
• Postal Colony Cross Street: Rs 7,000 per sq.ft (2024)

Stamp duty and registration fee for property in Poppili Raja Street

For a 1,000 sq.ft plot at the current guideline value of Rs 7,700 per sq.ft, the total guideline value amounts to Rs 77,00,000. The stamp duty at 7% would be Rs 5,39,000, and the registration fee at 2% would be Rs 1,54,000, totaling Rs 6,93,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Poppili Raja Street?

The Sub Registrar Office that covers Poppili Raja Street is the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for further assistance.

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

The guideline value is a crucial factor when registering property transactions in Kodambakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable at the time of property transfer.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency in property dealings. It is essential for buyers and sellers to be aware of the current guideline value to accurately assess their transaction costs.

Frequently asked questions

What is the current guideline value of Poppili Raja Street?

The current guideline value of Poppili Raja Street is Rs 7,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,110 per sq.ft in 2007 to Rs 7,700 per sq.ft in 2024, marking an overall increase of 265%.

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

For a property valued at Rs 77,00,000, the stamp duty would be Rs 5,39,000 and the registration fee would be Rs 1,54,000, totaling Rs 6,93,000.

Which registration office covers Poppili Raja Street?

The Ashok Nagar Sub Registrar Office covers Poppili Raja Street, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the land classification of Poppili Raja Street?

Poppili Raja Street is classified as Mixed Type - II, which indicates the diverse usage of land in this area.