Guideline Value for Trunk road

Trunk road guideline value

The current guideline value of Trunk road in Poonthamallee village under the Poonamallee SRO is Rs 4,950 per sq.ft, effective from 1 July 2024. This street falls under the Commercial Class I Type - I land classification.

How the guideline value of Trunk road has changed

Over the years, the guideline value of Trunk road has seen several revisions. The earliest recorded figure is from 2007, which was Rs 1,300 per sq.ft. This was followed by a significant increase to Rs 4,500 per sq.ft in 2012, marking a rise of 246%. However, in 2017, the guideline value decreased to Rs 3,015 per sq.ft, a drop of 33%. The value then rose again to Rs 4,500 per sq.ft in 2023, before reaching the current figure of Rs 4,950 per sq.ft in 2024, which is a 10% increase from the previous year.

There are no recorded figures for Trunk road in the years 2002 and 2003. The overall change from 2007 to 2024 shows an increase of 281% in the guideline value.

Guideline values in Poonthamallee

Poonthamallee village has a total of 257 streets under the Poonamallee SRO, with guideline values in 2024 ranging from Rs 1,980 to Rs 4,950 per sq.ft. The median value is Rs 2,200 per sq.ft, placing Trunk road's 2024 figure above this median.

• Udayar street: Rs 2,200 per sq.ft (2024)
• Udayar street (sippai line): Rs 2,200 per sq.ft (2024)
• Thulukkanam Stree: Rs 2,200 per sq.ft (2024)
• Uppu kollai street: Rs 2,740 per sq.ft (2024)
• Uppukolliastreet: Rs 4,950 per sq.ft (2024)
• Vaaniyaar street (west): Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Trunk road

For a 1,000 sq.ft plot at the current guideline value of Rs 4,950 per sq.ft, the total guideline value amounts to Rs 49,50,000. The stamp duty at 7% would be Rs 3,46,500, while the registration fee at 2% would be Rs 99,000. The total cost for these fees would be Rs 4,45,500. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Trunk road?

The Sub Registrar Office that covers Trunk road is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee 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 factor in the registration process when buying or selling property in Poonthamallee. It serves as a benchmark for determining the stamp duty and registration fees applicable to 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 and fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Trunk road?

The current guideline value of Trunk road is Rs 4,950 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,300 per sq.ft in 2007 to Rs 4,950 per sq.ft in 2024, reflecting an overall increase of 281%.

What is the land classification for Trunk road?

Trunk road is classified as Commercial Class I Type - I land.

Where can I find the Sub Registrar Office for Trunk road?

The Sub Registrar Office for Trunk road is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056.

How are stamp duty and registration fees calculated for properties in Poonthamallee?

Stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price of the property. For example, a 1,000 sq.ft plot at the guideline value of Rs 4,950 per sq.ft results in a total guideline value of Rs 49,50,000.