Guideline Value for Tangaal kaarai vaaniya street

Tangaal kaarai vaaniya street guideline value

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

How the guideline value of Tangaal kaarai vaaniya street has changed

The guideline value for Tangaal kaarai vaaniya street has seen several revisions over the years. In 2007, the value was Rs 300 per sq.ft, which increased significantly to Rs 2,000 per sq.ft in 2012. However, this value dropped to Rs 1,340 per sq.ft in 2017. The 2023 revision set the value at Rs 2,000 per sq.ft, before it increased to the current Rs 2,200 per sq.ft in 2024. The register has no figures for the years 2002 and 2003.

From 2007 to 2012, there was a substantial increase of 567%. This was followed by a decrease of 33% from 2012 to 2017. The value then rose by 49% from 2017 to 2023, and finally, there was a 10% increase from 2023 to 2024. Overall, from 2007 to 2024, the guideline value has increased by 633%.

Guideline values in Poonthamallee

In Poonthamallee village, there are 257 streets under the Poonamallee SRO that carry a 2024 guideline value ranging from Rs 1,980 to Rs 4,950 per sq.ft, with a median value of Rs 2,200 per sq.ft. Tangaal kaarai vaaniya street’s current value aligns with this median.

• Tangaal Kaarai Mettu Street: Rs 2,200 per sq.ft (2024)
• Tangaal kaarai kosa street: Rs 2,200 per sq.ft (2024)
• Tamizh nagar: 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 vaaniya 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, calculated at 7%, would be Rs 1,54,000, while the registration fee at 2% would be Rs 44,000, bringing the total 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.

You can also use the stamp duty and registration fee calculator for precise calculations based on your property details.

Which Sub Registrar Office covers Tangaal kaarai vaaniya street?

The Tangaal kaarai vaaniya street is covered by the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonallee Chennai - 600056. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in property transactions within Poonthamallee. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the registration process. Buyers and sellers must consider this value to ensure compliance with legal requirements.

When a property is sold, the guideline value is used to assess the applicable taxes and fees, ensuring that both parties are aware of their financial obligations. It is advisable to consult with a real estate professional to navigate these processes effectively.

Frequently asked questions

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

The current guideline value of Tangaal kaarai vaaniya 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, reflecting a significant overall increase of 633% over this period.

What other streets have the same guideline value in Poonthamallee?

Other streets in Poonthamallee, such as Tangaal Kaarai Mettu Street, Tangaal kaarai kosa street, Tamizh nagar, and Sweeper line, also have a guideline value of Rs 2,200 per sq.ft in 2024.

What are the stamp duty and registration fees for properties in Tangaal kaarai vaaniya street?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total stamp duty and registration fee would be Rs 1,98,000.

Where can I find the Sub Registrar Office for Tangaal kaarai vaaniya street?

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