Guideline Value for Pokkisham Nagar

Pokkisham Nagar guideline value

The current guideline value of Pokkisham Nagar is Rs 300 per sq.ft, effective from 1 July 2024. This street is located in Vellarai village under the Sriperumpudur SRO, classified as Residential Special Type - II.

How the guideline value of Pokkisham Nagar has changed

Since the 2012 revision, the guideline value for Pokkisham Nagar has remained stable at Rs 300 per sq.ft through the 2024 revision. The 2017 revision recorded a lower figure of Rs 201 per sq.ft, which was a decrease of 33% from the 2012 figure. There are no figures available for the revisions in 2002, 2003, and 2007.

From 2017 to 2023, the guideline value increased by 49%, bringing it back to Rs 300 per sq.ft, where it has remained unchanged until the latest revision in 2024, which reflects a 0% change from the previous year.

Guideline values in Vellarai

In Vellarai village, there are 20 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 110 to Rs 1,500 per sq.ft. The median value among these streets is Rs 300 per sq.ft, which is the same as the guideline value for Pokkisham Nagar.

• Rajrukh Enclave: Rs 300 per sq.ft (2024)
• Royal Lands Co-op Maha Nagar Phase II: Rs 600 per sq.ft (2024)
• Sbk Avenue Phase I: Rs 400 per sq.ft (2024)
• Sbk Avenue Phase II: Rs 400 per sq.ft (2024)
• Mettu Street: Rs 110 per sq.ft (2024)
• Manimozhi Nagar: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Pokkisham Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, making the total cost for these fees Rs 27,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for precise calculations.

Which Sub Registrar Office covers Pokkisham Nagar?

The Pokkisham Nagar area falls under the jurisdiction of the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Vellarai. It serves as a benchmark for determining the applicable stamp duty and registration fees, which are calculated based on this value.

When a property is sold, the guideline value is used to ensure that the transaction is recorded accurately and that the appropriate taxes are paid. This helps maintain transparency and compliance with local regulations during property transactions.

Frequently asked questions

What is the current guideline value of Pokkisham Nagar?

The current guideline value of Pokkisham Nagar is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained stable at Rs 300 per sq.ft since 2012, with a decrease to Rs 201 per sq.ft in 2017 and an increase back to Rs 300 per sq.ft in 2023.

What is the registration office for Pokkisham Nagar?

The registration office for Pokkisham Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is stamp duty calculated for properties in Pokkisham Nagar?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 300 per sq.ft would incur a stamp duty of Rs 21,000.

What are the other streets in Vellarai with guideline values?

Other streets in Vellarai under the Sriperumpudur SRO have varying guideline values, ranging from Rs 110 to Rs 1,500 per sq.ft, with the median being Rs 300 per sq.ft.