Guideline Value for james road

James Road guideline value

The current guideline value of James Road in Poonthamallee village, under the Poonamallee SRO, is Rs 2,740 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - I.

How the guideline value of James Road has changed

The guideline value for James Road has seen significant changes over the years. In 2007, the guideline value was Rs 500 per sq.ft, which increased dramatically to Rs 2,500 per sq.ft in 2012, marking a 400% rise. However, from 2012 to 2017, the value dropped to Rs 1,675 per sq.ft, a decrease of 33%. The value then rose again to Rs 2,500 per sq.ft in 2023, and subsequently increased to Rs 2,740 per sq.ft in 2024, reflecting a 10% increase.

From 2017 to 2023, there was a substantial increase of 49%. Overall, from 2007 to 2024, the guideline value has risen by 448%. It is important to note that there are no figures available for the years 2002 and 2003 for this street.

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. The median value is Rs 2,200 per sq.ft, placing James Road's 2024 figure above this median.

• James street: Rs 2,740 per sq.ft (2024)
• Indira nagar: Rs 2,200 per sq.ft (2024)
• Judge chellappa road: Rs 2,740 per sq.ft (2024)
• Kalaimagal nagar: Rs 2,200 per sq.ft (2024)
• Kalaingar street: Rs 2,200 per sq.ft (2024)
• Govindaraja nagar: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in James Road

For a 1,000 sq.ft plot at the current guideline value of Rs 2,740 per sq.ft, the total guideline value would be Rs 27,40,000. The stamp duty at 7% would amount to Rs 1,91,800, and the registration fee at 2% would be Rs 54,800, bringing the total cost for these fees to Rs 2,46,600. It is important to note that 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 precise calculations.

Which Sub Registrar Office covers James Road?

The Sub Registrar Office that covers James Road is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonallee Chennai - 600056. For more information, you can find your SRO.

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 that need to be paid at the time of property registration.

Frequently asked questions

What is the current guideline value of James Road?

The current guideline value of James Road is Rs 2,740 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2007, the guideline value has increased from Rs 500 per sq.ft to Rs 2,740 per sq.ft in 2024, reflecting an overall increase of 448%.

What is the land classification for James Road?

James Road is classified as Residential Class I Type - I, which indicates its designation for residential purposes.

Where is the Sub Registrar Office for James Road located?

The Poonamallee Sub Registrar Office is located at No.332 U + 9cc Malma Nagar Poonallee Chennai - 600056.

How is stamp duty calculated for properties in Poonthamallee?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 27,40,000 would incur a stamp duty of Rs 1,91,800 at 7%.