Guideline Value for POLYHOSE NAGAR

Polyhose Nagar guideline value

The current guideline value of Polyhose Nagar is Rs 880 per sq.ft, effective from 1 July 2024. This area is located in Vengampakkam village under the Thirukazhukundram SRO, and it falls under the land classification of Residential Special Type - III.

How the guideline value of Polyhose Nagar has changed

The guideline value for Polyhose Nagar has undergone several revisions over the years. The most recent revision in 2024 set the guideline value at Rs 880 per sq.ft, which reflects a 10% increase from the previous year's value of Rs 800 per sq.ft established in the 2023 revision. The register has no figure for the years 2017, 2012, 2007, 2003, and 2002 for this street.

To summarize the changes, the guideline value rose from Rs 800 per sq.ft in 2023 to Rs 880 per sq.ft in 2024. The earlier revisions do not provide any figures for Polyhose Nagar, indicating that there were no updates recorded for this street during those years.

Guideline values in Vengampakkam

No village figures are provided for Vengampakkam. Currently, Polyhose Nagar is the only street listed under the Thirukazhukundram SRO.

Stamp duty and registration fee for property in Polyhose Nagar

For a 1,000 sq.ft plot at the current rate of Rs 880 per sq.ft, the guideline value amounts to Rs 8,80,000. The stamp duty at 7% would be Rs 61,600, and the registration fee at 2% would be Rs 17,600, bringing the total to Rs 79,200. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Polyhose Nagar?

The Sub Registrar Office that covers Polyhose Nagar is the Thirukazhukundram Sub Registrar Office, located at Thiruchengode - 637 211, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an essential reference point when buying or selling property in Vengampakkam. It is used to determine the stamp duty and registration fees that need to be paid during the registration process.

When a property is sold, the buyer must pay the applicable stamp duty based on the higher of the guideline value or the sale price. This ensures that the government receives the correct revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Polyhose Nagar?

The current guideline value of Polyhose Nagar is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 800 per sq.ft in 2023 to Rs 880 per sq.ft in 2024. There are no recorded figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

What is the stamp duty rate in Polyhose Nagar?

The stamp duty rate in Polyhose Nagar is 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Polyhose Nagar located?

The Sub Registrar Office for Polyhose Nagar is the Thirukazhukundram Sub Registrar Office, located at Thiruchengode - 637 211, Chengalpattu registration zone.

How is the guideline value used in property transactions?

The guideline value is used to calculate the stamp duty and registration fees during property transactions. Buyers must pay duty based on the higher of the guideline value or the sale price.