Guideline Value for POKKISAM NAGAR

Pokkisam Nagar guideline value

The current guideline value of Pokkisam Nagar is Rs 1,640 per sq.ft, effective from 1 July 2024. This area is located in Pothur village under the Redhills SRO, classified as Residential Special Type - III.

How the guideline value of Pokkisam Nagar has changed

The guideline value for Pokkisam Nagar has seen several revisions over the years. The register does not have figures for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was Rs 1,493 per sq.ft, which increased by 10% to Rs 1,640 per sq.ft in the 2024 revision.

This increase from 2023 to 2024 reflects a notable change in the guideline value for this street. The current rate of Rs 1,640 per sq.ft is a significant jump from the previous year's figure, indicating adjustments in property valuations within the area.

Guideline values in Pothur

Pothur village has a total of 98 streets under the Redhills SRO, with guideline values ranging from Rs 330 to Rs 2,000 per sq.ft. The median guideline value for these streets is Rs 550 per sq.ft, positioning Pokkisam Nagar's 2024 figure above this median.

• Pokkisam Boomi Nagar Phase - II: Rs 550 per sq.ft (2024)
• Pokkisam Nagar Extention: Rs 1,000 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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,640 per sq.ft, the total guideline value amounts to Rs 16,40,000. The stamp duty at 7% would be Rs 1,14,800, and the registration fee at 2% would be Rs 32,800, making the total fees Rs 1,47,600. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Pokkisam Nagar?

The Sub Registrar Office that covers Pokkisam Nagar is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

The guideline value is a critical factor when buying or selling property in Pothur, as it determines the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees that are payable during the transaction.

When a property is sold, the sale price must be at least equal to the guideline value to ensure compliance with local regulations. This helps maintain transparency and standardization in property transactions within the area.

Frequently asked questions

What is the current guideline value of Pokkisam Nagar?

The current guideline value of Pokkisam Nagar is Rs 1,640 per sq.ft, effective from 1 July 2024.

How has the guideline value changed recently?

In the 2023 revision, the guideline value was Rs 1,493 per sq.ft, which increased by 10% to Rs 1,640 per sq.ft in the 2024 revision.

What is the land classification for Pokkisam Nagar?

Pokkisam Nagar is classified as Residential Special Type - III under the current guidelines.

Where can I find the registration office for Pokkisam Nagar?

The registration office for Pokkisam Nagar is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

How is the stamp duty calculated for property transactions?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, on a property valued at Rs 16,40,000, the stamp duty would be Rs 1,14,800 at a rate of 7%.