Guideline Value for Shri shreeniavasa nagar 446/3

Shri shreeniavasa nagar 446/3 guideline value

The current guideline value of Shri shreeniavasa nagar 446/3 is Rs 2,200 per sq.ft, effective from 1 July 2024. This property is located in Poonthamallee village, under the Poonamallee SRO, and is classified as Residential Class II Type - I.

How the guideline value of Shri shreeniavasa nagar 446/3 has changed

The guideline value for Shri shreeniavasa nagar has seen significant changes over the years. In 2007, the value was Rs 200 per sq.ft, which rose dramatically to Rs 2,000 per sq.ft in 2012, marking a 900% increase. However, it decreased to Rs 1,340 per sq.ft in 2017, a decline of 33%. The value then increased to Rs 2,000 per sq.ft in 2023, and most recently, it has risen to Rs 2,200 per sq.ft in 2024, reflecting a 10% increase from the previous year.

There are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 1000%.

Guideline values in Poonthamallee

Poonthamallee village has a total of 257 streets under the Poonamallee SRO, with guideline values ranging from Rs 1,980 to Rs 4,950 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, which is equal to the current guideline value for Shri shreeniavasa nagar 446/3.

• Shri Padmavathy nagar: Rs 2,200 per sq.ft (2024)
• Shrinivasa nagar: Rs 2,200 per sq.ft (2024)
• Shri nagar: Rs 2,200 per sq.ft (2024)
• Shri Bakthavatchalam avenue 559/2,560,561,564: Rs 2,200 per sq.ft (2024)
• Shri ambal nagar phase 1: Rs 2,740 per sq.ft (2024)
• Shri Ambal Nagar Malligai Avenue: Rs 2,740 per sq.ft (2024)

Stamp duty and registration fee for property in Shri shreeniavasa nagar 446/3

For a 1,000 sq.ft plot at the current rate of Rs 2,200 per sq.ft, the guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, totaling Rs 1,98,000. Duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Shri shreeniavasa nagar 446/3?

The Sub Registrar Office that covers Shri shreeniavasa nagar 446/3 is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonallee Chennai - 600056. You can find your SRO for more information.

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

The guideline value is a crucial reference point during the registration of property transactions in Poonthamallee. It is used to determine the stamp duty and registration fees applicable when a property is bought or sold.

When registering a property, the guideline value or the sale price is considered, and the higher amount is used to calculate the applicable duties. This ensures that the registration process is aligned with the official valuation of properties in the area.

Frequently asked questions

What is the current guideline value of Shri shreeniavasa nagar 446/3?

The current guideline value of Shri shreeniavasa nagar 446/3 is Rs 2,200 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased significantly from Rs 200 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2024, reflecting an overall increase of 1000% over this period.

What are the stamp duty and registration fees for properties in this area?

For a property at the current guideline value of Rs 2,200 per sq.ft, the stamp duty would be Rs 1,54,000 and the registration fee would be Rs 44,000 for a 1,000 sq.ft plot, totaling Rs 1,98,000.

Which office handles property registrations in Poonthamallee?

The Poonamallee Sub Registrar Office handles property registrations in Poonthamallee. It is located at No.332 U + 9cc Malma Nagar Poonallee 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 registration process reflects the official valuation of properties in the area.