Guideline Value for Namazhvar Street

Namazhvar Street guideline value

The current guideline value of Namazhvar Street is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Pozhichalur village under the Pammal SRO and is classified as Residential Class I Type - II.

How the guideline value of Namazhvar Street has changed

Over the years, the guideline value of Namazhvar Street has seen significant changes. The 2017 revision set the value at Rs 804 per sq.ft, which increased to Rs 1,200 per sq.ft in the 2023 revision. The most recent 2024 revision has further increased this value to Rs 1,320 per sq.ft, marking a 10% rise from the previous year. Notably, the overall increase from 2017 to 2024 is 64%.

It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. The increase from 2017 to 2023 was 49%, reflecting the growing guideline value over the years.

Guideline values in Pozhichalur

In Pozhichalur village, there are 299 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 4,500 per sq.ft. The median guideline value is Rs 1,320 per sq.ft, which is equal to the current value of Namazhvar Street.

• NAMMAZHVAR 3rd STREET (RAMACHANDRA NAGAR): Rs 2,750 per sq.ft (2024)
• Narasimha Nagar: Rs 2,200 per sq.ft (2024)
• Nataraja Mudaliar Avenue: Rs 1,100 per sq.ft (2024)
• Natesan Street: Rs 1,100 per sq.ft (2024)
• Nedunchiyan Street: Rs 1,100 per sq.ft (2024)
• Muthumariyamman Koil Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Namazhvar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value would be Rs 13,20,000. The stamp duty at 7% would amount to Rs 92,400, and the registration fee at 2% would be Rs 26,400, together totaling Rs 1,18,800. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Namazhvar Street?

The Sub Registrar Office that covers Namazhvar Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in property transactions in Pozhichalur. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing a property. When registering a property, the guideline value is considered to ensure that the transaction is in line with the prevailing rates in the area.

Additionally, the guideline value helps in establishing a fair price for properties in the region. Buyers and sellers can refer to the guideline value to negotiate prices and ensure that they are aligned with the official rates set by the registration department.

Frequently asked questions

What is the current guideline value of Namazhvar Street?

The current guideline value of Namazhvar Street is Rs 1,320 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased from Rs 804 per sq.ft in 2017 to Rs 1,320 per sq.ft in 2024, representing a total increase of 64% over this period.

What is the stamp duty for properties on Namazhvar Street?

The stamp duty for properties on Namazhvar Street is 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Namazhvar Street located?

The Sub Registrar Office for Namazhvar Street is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone.

What are the other streets in Pozhichalur with their guideline values?

Other streets in Pozhichalur include NAMMAZHVAR 3rd STREET (RAMACHANDRA NAGAR) at Rs 2,750 per sq.ft, Narasimha Nagar at Rs 2,200 per sq.ft, and several others at Rs 1,100 per sq.ft.