Guideline Value for POKISHAM NAGAR

Pokisham Nagar guideline value

The current guideline value of Pokisham Nagar is Rs 250 per sq.ft, effective from 1 July 2024. This area is located in Siyamangalam village and falls under the Walajabad SRO. The land classification for this street is Residential Class I Type - I.

How the guideline value of Pokisham Nagar has changed

Over the years, the guideline value of Pokisham Nagar has seen various revisions. The 2012 revision set the value at Rs 250 per sq.ft, which remained constant until the 2024 revision. In 2017, the value was Rs 167 per sq.ft, indicating a decrease of 33% from the previous revision. The 2023 revision also maintained the value at Rs 250 per sq.ft, showing no change from the prior year. Notably, there are no figures available for the years 2002, 2003, and 2007 for this street.

From 2017 to 2023, there was a significant increase of 50%, bringing the value back to Rs 250 per sq.ft. Overall, from 2012 to 2024, the guideline value has remained unchanged, reflecting a stable valuation over this period.

Guideline values in Siyamangalam

Siyamangalam village comprises 12 streets under the Walajabad SRO, with 2024 guideline values ranging from Rs 250 to Rs 371 per sq.ft. The median value for these streets is Rs 300 per sq.ft, positioning Pokisham Nagar's 2024 figure below this median.

• Sri Annamalaiyar Nagar: Rs 300 per sq.ft (2024)
• Sri Ganapathy Nagar: Rs 250 per sq.ft (2024)
• Sri Ganesa Nagar: Rs 371 per sq.ft (2024)
• Sri Lakshmi Avenue: Rs 300 per sq.ft (2024)
• Sri Mahalakshmi Nagar: Rs 371 per sq.ft (2024)
• Sri Ramajayam Nagar: Rs 371 per sq.ft (2024)

Stamp duty and registration fee for property in Pokisham Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 250 per sq.ft, the total guideline value would be Rs 2,50,000. The stamp duty at 7% would amount to Rs 17,500, and the registration fee at 2% would be Rs 5,000, bringing the total fees to Rs 22,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Pokisham Nagar?

The Sub Registrar Office that covers Pokisham Nagar is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor during property registration in Siyamangalam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in the official records.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees. Buyers should be aware that these costs are based on the guideline value or the sale price, whichever is higher, ensuring transparency in property transactions.

Frequently asked questions

What is the current guideline value of Pokisham Nagar?

The current guideline value of Pokisham Nagar is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various revisions, with the most recent being Rs 250 per sq.ft in 2023 and 2024. The value was Rs 167 per sq.ft in 2017 and Rs 250 per sq.ft in 2012.

What is the land classification for Pokisham Nagar?

Pokisham Nagar is classified as Residential Class I Type - I, indicating its suitability for residential development.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 2,50,000, the stamp duty would be Rs 17,500 and the registration fee would be Rs 5,000, totaling Rs 22,500. These fees are based on the guideline value or the sale price, whichever is higher.

Which office handles the registration for Pokisham Nagar?

The Walajabad Sub Registrar Office handles the registration for Pokisham Nagar, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.