Guideline Value for Pounammal Street

Pounammal Street guideline value

The current guideline value of Pounammal Street in Menambedu village, under the Ambattur SRO, is Rs 1,700 per sq.ft, effective from 1 July 2024. The land classification for this street is Residential Special Type - I.

How the guideline value of Pounammal Street has changed

The guideline value for Pounammal Street has seen several revisions over the years. The 2012 revision set the value at Rs 1,600 per sq.ft, which was then revised to Rs 1,072 per sq.ft in 2017, marking a decrease of 33%. Following this, the 2023 revision increased the value to Rs 1,600 per sq.ft, and the current 2024 revision has increased it to Rs 1,700 per sq.ft, reflecting a 6% rise from the previous year.

Notably, there are no figures available for the revisions in 2002, 2003, and 2007 for Pounammal Street. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 6%.

Guideline values in Menambedu

In Menambedu, there are 171 streets under the Ambattur SRO that carry a 2024 guideline value, ranging from Rs 1,000 to Rs 6,680 per sq.ft. The median value for these streets is Rs 1,003 per sq.ft, placing Pounammal Street's 2024 figure above this median.

• Pudu Street: Rs 1,000 per sq.ft (2024)
• Pillaiyar Koil Street Ward 6: Rs 1,001 per sq.ft (2024)
• Pillaiyar Koil 6th Cross Street(Ward 7): Rs 1,001 per sq.ft (2024)
• Pillaiyar Koil 5th Cross Street(Ward 7): Rs 1,001 per sq.ft (2024)
• Pillaiyar Koil 4th Cross Street(Ward 7): Rs 1,001 per sq.ft (2024)
• Pillaiyar Koil 3rd Cross Street(Ward 7): Rs 1,001 per sq.ft (2024)

Stamp duty and registration fee for property in Pounammal Street

For a 1,000 sq.ft plot at the current rate of Rs 1,700 per sq.ft, the guideline value amounts to Rs 17,00,000. The stamp duty at 7% would be Rs 1,19,000, and the registration fee at 2% would be Rs 34,000, bringing the total to Rs 1,53,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Pounammal Street?

The Sub Registrar Office that covers Pounammal Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions in Menambedu. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing property. This value is set by the government and can vary based on the location and type of property.

When selling property, the guideline value helps establish a baseline for the sale price. It ensures that the transaction is recorded accurately and that the appropriate taxes are collected by the authorities.

Frequently asked questions

What is the current guideline value of Pounammal Street?

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

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,600 per sq.ft in 2023 to Rs 1,700 per sq.ft in 2024, a 6% increase. It was Rs 1,072 per sq.ft in 2017, showing a 49% increase from that year to 2023.

What is the land classification for Pounammal Street?

Pounammal Street is classified as Residential Special Type - I, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Pounammal Street?

The Sub Registrar Office for Pounammal Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is the stamp duty calculated for property in Pounammal Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value results in a total of Rs 1,53,000 for stamp duty and registration fees combined.