Guideline Value for Thubash street

Thubash street guideline value

The current guideline value of Thubash street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Poonthamallee village under the Poonamallee SRO, classified as Residential Class II Type - I.

How the guideline value of Thubash street has changed

The guideline value for Thubash street has seen significant changes over the years. In 2007, the value was Rs 300 per sq.ft, which increased dramatically to Rs 2,000 per sq.ft in 2012, marking a rise of 567%. However, from 2012 to 2017, the value decreased to Rs 1,340 per sq.ft, a drop of 33%. The value then increased to Rs 2,000 per sq.ft in 2023, representing a 49% increase, and finally, it rose to Rs 2,200 per sq.ft in 2024, which is a 10% increase.

It is important to note that the register has no figures for Thubash street for the years 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 633%.

Guideline values in Poonthamallee

In Poonthamallee, 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. The median value is Rs 2,200 per sq.ft, which is the same as the current value for Thubash street.

• Thulukkanam Stree: Rs 2,200 per sq.ft (2024)
• Thiruvengada nagar: Rs 2,200 per sq.ft (2024)
• Thiruvalluvar street: Rs 2,200 per sq.ft (2024)
• Trunk road: Rs 4,950 per sq.ft (2024)
• Udayar street: Rs 2,200 per sq.ft (2024)
• Udayar street (sippai line): Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Thubash street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, making a total of Rs 1,98,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers Thubash street?

The Sub Registrar Office covering Thubash street 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 crucial during property transactions as it determines the amount of stamp duty and registration fees payable. When you register a property, the guideline value or the sale price, whichever is higher, is used to calculate these fees.

It is essential for buyers and sellers to be aware of the guideline value to ensure compliance with local regulations and to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Thubash street?

The current guideline value of Thubash 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 an overall increase of 633% over the years.

What are the stamp duty and registration fees for properties on Thubash 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 office handles registrations for Thubash street?

The Poonamallee Sub Registrar Office handles registrations for Thubash street, located at No.332 U + 9cc Malma Nagar Poonallee Chennai - 600056.

What is the land classification of Thubash street?

Thubash street is classified as Residential Class II Type - I under the Poonamallee SRO.