Guideline Value

Corporate

Guideline Value for Shiridi sai nagar extn.

₹2740/sq.ft.

The guideline value for Shiridi Sai Nagar Extn. in Poonthamallee village (Poonamallee SRO, Chennai zone) is Rs 2740 per sq.ft, effective 1 July 2024. It was Rs 2500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Poonthamallee

Village

Poonamallee

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹2740 /sq.ft.
From 1-4-2023 ₹2500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1675 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹300 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.332 U + 9cc Malma Nagar Poonallee Chennai - 600056
044-26494966
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Shiridi Sai Nagar Extn.

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Shiridi sai nagar extn. guideline value

The current guideline value of Shiridi sai nagar extn. is Rs 2,740 per sq.ft, effective from 1 July 2024. This area is located in Poonthamallee village and falls under the Poonamallee SRO. The land classification for this street is Residential Class I Type - I.

How the guideline value of Shiridi sai nagar extn. has changed

Over the years, the guideline value of Shiridi sai nagar extn. has seen significant changes. The earliest recorded figure is from 2007, where the guideline value was Rs 300 per sq.ft. This increased dramatically to Rs 2,500 per sq.ft in 2012, marking a rise of 733%. However, the value then decreased to Rs 1,675 per sq.ft in 2017, which was a drop of 33%. Following this, the guideline value surged to Rs 2,500 per sq.ft in 2023, reflecting a 49% increase. The most recent revision in 2024 set the guideline value at Rs 2,740 per sq.ft, a 10% increase from the previous year.

It is important to note that there are no figures available for the years 2002 and 2003 for this street in the register. Overall, from 2007 to 2024, the guideline value has increased by 813%.

Guideline values in Poonthamallee

Poonthamallee village has a total of 257 streets under the Poonamallee SRO that carry a 2024 guideline value, ranging from Rs 1,980 to Rs 4,950 per sq.ft. The median guideline value for these streets is Rs 2,200 per sq.ft, making the current value of Shiridi sai nagar extn. above this median.

Stamp duty and registration fee for property in Shiridi sai nagar extn.

For a 1,000 sq.ft plot at the current guideline value of Rs 2,740 per sq.ft, the total guideline value amounts to Rs 27,40,000. The stamp duty at 7% would be Rs 1,91,800, and the registration fee at 2% would be Rs 54,800, bringing the total to Rs 2,46,600. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for precise calculations.

Which Sub Registrar Office covers Shiridi sai nagar extn.?

The Sub Registrar Office that covers Shiridi sai nagar extn. is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056. For more information, you can find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Poonthamallee. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the correct revenue from property transactions.

Frequently asked questions

What is the current guideline value of Shiridi sai nagar extn.?

The current guideline value of Shiridi sai nagar extn. is Rs 2,740 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 300 per sq.ft in 2007 to Rs 2,740 per sq.ft in 2024, which is an overall increase of 813%.

What are the stamp duty and registration fees for a property in Shiridi sai nagar extn.?

For a 1,000 sq.ft property, the total guideline value is Rs 27,40,000. The stamp duty at 7% is Rs 1,91,800, and the registration fee at 2% is Rs 54,800, totaling Rs 2,46,600.

Which office handles property registration in Shiridi sai nagar extn.?

The Poonamallee Sub Registrar Office handles property registration for Shiridi sai nagar extn., located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056.

What is the significance of the guideline value in property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions. It ensures that the correct revenue is collected based on the higher of the guideline value or the sale price.