Guideline Value for POMANAM NAGAR

Pomanam Nagar guideline value

The current guideline value of Pomanam Nagar is Rs 220 per sq.ft, effective from 1 July 2024. This area is located in Vallur village under the Thiruvottiyur SRO, and it is classified as Residential Class II Type - I.

How the guideline value of Pomanam Nagar has changed

The guideline value for Pomanam Nagar has seen several revisions over the years. The earliest recorded revision is from 2017, where the value was Rs 134 per sq.ft. This increased to Rs 200 per sq.ft in the 2023 revision, marking a significant rise of 49%. The most recent revision in 2024 has set the guideline value at Rs 220 per sq.ft, which is a further increase of 10% from the previous year.

It is important to note that there are no recorded figures for Pomanam Nagar in the years 2002, 2003, 2007, and 2012. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%.

Guideline values in Vallur

In Vallur, there are 75 streets under the Thiruvottiyur SRO that carry a 2024 guideline value ranging from Rs 220 to Rs 551 per sq.ft, with a median value of Rs 220 per sq.ft. Pomanam Nagar's 2024 guideline value aligns with this median.

• Ponkovil Nagar: Rs 220 per sq.ft (2024)
• Ponneri High Road: Rs 551 per sq.ft (2024)
• Perumal Nagar: Rs 220 per sq.ft (2024)
• Perumal Koil Street: Rs 220 per sq.ft (2024)
• Pallavan Nagar: Rs 220 per sq.ft (2024)
• Rajeshwari Nagar: Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Pomanam Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 220 per sq.ft, the total guideline value would be Rs 2,20,000. The stamp duty is charged at 7%, amounting to Rs 15,400, while the registration fee at 2% comes to Rs 4,400. Together, these fees total Rs 19,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Pomanam Nagar?

The Sub Registrar Office that covers Pomanam Nagar is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for additional information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Vallur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that all property transactions are conducted fairly and transparently.

Frequently asked questions

What is the current guideline value of Pomanam Nagar?

The current guideline value of Pomanam Nagar is Rs 220 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased from Rs 134 per sq.ft to Rs 220 per sq.ft in 2024, marking an overall increase of 64%.

What are the stamp duty and registration fees for property in Pomanam Nagar?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty is Rs 15,400, and the registration fee is Rs 4,400, totaling Rs 19,800.

Which Sub Registrar Office covers Pomanam Nagar?

The Thiruvottiyur Sub Registrar Office covers Pomanam Nagar, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

What other streets have guideline values in Vallur?

Other streets in Vallur under the Thiruvottiyur SRO include Ponkovil Nagar, Perumal Nagar, Perumal Koil Street, Pallavan Nagar, and Rajeshwari Nagar, with various guideline values ranging from Rs 220 to Rs 551 per sq.ft in 2024.