Guideline Value for Tangaal kaarai kosa street

Tangaal kaarai kosa street guideline value

The current guideline value of Tangaal kaarai kosa street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Poonthamallee village, under the jurisdiction of the Poonamallee SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Tangaal kaarai kosa street has changed

The guideline value for Tangaal kaarai kosa street has seen significant changes over the years. In the 2007 revision, the value was Rs 300 per sq.ft. This increased dramatically to Rs 2,000 per sq.ft in the 2012 revision, marking a rise of 567%. However, in the 2017 revision, the value decreased to Rs 1,340 per sq.ft, a drop of 33%. The 2023 revision saw the value increase to Rs 2,000 per sq.ft, followed by a further increase to Rs 2,200 per sq.ft in the 2024 revision, which is a 10% rise.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 633%. The revisions for the years 2002 and 2003 do not have any figures recorded for this street.

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, which is equal to the current value of Tangaal kaarai kosa street.

• Tamizh nagar: Rs 2,200 per sq.ft (2024)
• Tangaal Kaarai Mettu Street: Rs 2,200 per sq.ft (2024)
• Tangaal kaarai vaaniya street: Rs 2,200 per sq.ft (2024)
• Sweeper line: Rs 2,200 per sq.ft (2024)
• Sundar Nagar Extension: Rs 2,210 per sq.ft (2024)
• Sundar nagar: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Tangaal kaarai kosa street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total 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, bringing the total fees to Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Tangaal kaarai kosa street?

The Sub Registrar Office that covers Tangaal kaarai kosa street is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonallee Chennai - 600056. For further assistance, 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 sold, the guideline value is used to calculate the applicable fees, ensuring that both the buyer and seller are aware of the financial obligations involved. This value is essential for maintaining transparency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Tangaal kaarai kosa street?

The current guideline value of Tangaal kaarai kosa street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2024, marking an overall increase of 633% over the years.

What are the stamp duty and registration fees for property in Tangaal kaarai kosa street?

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 and the registration fee would be Rs 44,000, totaling Rs 1,98,000.

Which Sub Registrar Office is responsible for Tangaal kaarai kosa street?

The Poonamallee Sub Registrar Office is responsible for Tangaal kaarai kosa street, located at No.332 U + 9cc Malma Nagar Poonallee Chennai - 600056.

What is the land classification for Tangaal kaarai kosa street?

The land classification for Tangaal kaarai kosa street is Residential Class II Type - I.