Guideline Value for Pommai Nagar 1st Street

Pommai Nagar 1st Street guideline value

The current guideline value of Pommai Nagar 1st Street is Rs 1,980 per sq.ft, effective from 1 July 2024. This street is located in Anakaputhur village, under the Pammal SRO, and is classified as Residential Class I Type - I.

How the guideline value of Pommai Nagar 1st Street has changed

The guideline value for Pommai Nagar 1st Street has seen several revisions over the years. The oldest recorded figure is from 2017, which was Rs 1,206 per sq.ft. This figure increased to Rs 1,800 per sq.ft in 2023, marking a significant rise of 49%. The most recent revision in 2024 brought the guideline value to Rs 1,980 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that there are no recorded figures for the revisions in 2002, 2003, 2007, and 2012 for Pommai Nagar 1st Street. Overall, from 2017 to 2024, the guideline value has increased by 64%.

Guideline values in Anakaputhur

In Anakaputhur, there are a total of 501 streets under the Pammal SRO that carry a guideline value for 2024, ranging from Rs 1,320 to Rs 4,640 per sq.ft. The median value across these streets is Rs 1,980 per sq.ft, which is equal to the guideline value of Pommai Nagar 1st Street.

• Pommai Nagar 2nd Street: Rs 1,980 per sq.ft (2024)
• Pilliyar Koil Ist Lane: Rs 1,760 per sq.ft (2024)
• Pillayar Koil Street (Balaji Nagar): Rs 2,350 per sq.ft (2024)
• Pillayar Koil Street: Rs 1,760 per sq.ft (2024)
• Pettai Street Lane: Rs 1,760 per sq.ft (2024)
• Pettai Street: Rs 1,760 per sq.ft (2024)

Stamp duty and registration fee for property in Pommai Nagar 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value amounts to Rs 19,80,000. The stamp duty at 7% would be Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, resulting in a total of Rs 1,78,200. It is important to note that duty is charged on the higher of the guideline value and the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Pommai Nagar 1st Street?

The Pommai Nagar 1st Street falls under the jurisdiction of the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process for property transactions in Anakaputhur. It serves as a benchmark for determining the minimum price at which a property can be registered, ensuring that the value reflects the market conditions.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that both buyers and sellers are aware of the financial implications of their transactions based on the established guideline values.

Frequently asked questions

What is the current guideline value of Pommai Nagar 1st Street?

The current guideline value of Pommai Nagar 1st Street is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,206 per sq.ft in 2017 to Rs 1,800 per sq.ft in 2023, and now to Rs 1,980 per sq.ft in 2024. This represents an overall increase of 64% from 2017 to 2024.

What is the stamp duty for property in Pommai Nagar 1st Street?

The stamp duty for property in Pommai Nagar 1st Street is 7% of the guideline value or the sale price, whichever is higher. For a property valued at Rs 19,80,000, the stamp duty would be Rs 1,38,600.

Where is the Pammal Sub Registrar Office located?

The Pammal Sub Registrar Office is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone.

What is the land classification of Pommai Nagar 1st Street?

Pommai Nagar 1st Street is classified as Residential Class I Type - I, indicating its suitability for residential development.