Guideline Value for POKKISAM NAGAR EXTENTION

Pokkisam Nagar Extention guideline value

The current guideline value for Pokkisam Nagar Extention is Rs 1,000 per sq.ft, effective from 1 July 2024. This area is located in Pothur village under the Redhills SRO and is classified as Residential Special Type - II.

How the guideline value of Pokkisam Nagar Extention has changed

The guideline value for Pokkisam Nagar Extention has seen revisions over the years, with the most recent being in 2024, where it is set at Rs 1,000 per sq.ft. The previous revision in 2023 also recorded the same value of Rs 1,000 per sq.ft. The register has no figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

Between the revisions of 2023 and 2024, there was no change, reflecting a stable guideline value of Rs 1,000 per sq.ft. This consistency indicates that the valuation for this street has remained unchanged over these two consecutive years.

Guideline values in Pothur

In Pothur village, there are 98 streets under the Redhills SRO that carry a 2024 guideline value, ranging from Rs 330 to Rs 2,000 per sq.ft, with a median value of Rs 550 per sq.ft. The guideline value for Pokkisam Nagar Extention is above this median, indicating a higher valuation compared to many other streets in the village.

• Pokkisam Nagar: Rs 1,640 per sq.ft (2024)
• Pokkisam Boomi Nagar Phase - II: Rs 550 per sq.ft (2024)
• Pokkisam Boomi Nagar: Rs 550 per sq.ft (2024)
• Pokkisham Nagar Extension-II: Rs 1,100 per sq.ft (2024)
• Pothigai Avenue: Rs 550 per sq.ft (2024)
• Pothigai Nagar: Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Pokkisam Nagar Extention

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value would be Rs 10,00,000. The stamp duty at 7% would amount to Rs 70,000, and the registration fee at 2% would be Rs 20,000, bringing the total cost for these fees to Rs 90,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Pokkisam Nagar Extention?

The Pokkisam Nagar Extention falls under the jurisdiction of the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. For more information, you can find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Pothur. It is used to determine the stamp duty and registration fees that must be paid during the transaction.

When a property is registered, the guideline value is considered to ensure that the appropriate fees are calculated based on the higher of the guideline value or the sale price. This ensures that the government receives the correct amount of revenue from property transactions.

Frequently asked questions

What is the current guideline value of Pokkisam Nagar Extention?

The current guideline value of Pokkisam Nagar Extention is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 1,000 per sq.ft for the years 2023 and 2024. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002 for this street.

What is the land classification for Pokkisam Nagar Extention?

Pokkisam Nagar Extention is classified as Residential Special Type - II, indicating its intended use for residential purposes.

What are the stamp duty and registration fees for property transactions?

The stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, and the registration fee is 2%. For example, a 1,000 sq.ft plot at Rs 1,000 per sq.ft would incur a total fee of Rs 90,000.

Where can I find the Redhills Sub Registrar Office?

The Redhills Sub Registrar Office is located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find more information online.