Guideline Value for Pompozhil Nager Alli Street

Pompozhil Nager Alli Street guideline value

The current guideline value of Pompozhil Nager Alli Street is Rs 1,100 per sq.ft. This street is located in Kovilpathagai village under the Ambattur SRO, and it falls under the Residential Class I Type - I land classification.

How the guideline value of Pompozhil Nager Alli Street has changed

The guideline value for Pompozhil Nager Alli Street has undergone several revisions over the years. The 2012 revision set the value at Rs 1,000 per sq.ft, which was then reduced to Rs 670 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 1,000 per sq.ft, and the latest revision effective from 1 July 2024 is Rs 1,100 per sq.ft. The register has no figures for the years 2002, 2003, and 2007 for this street.

From 2012 to 2017, there was a decrease of 33%, followed by a significant increase of 49% from 2017 to 2023. The overall change from 2012 to 2024 shows a 10% increase, with the most recent change from 2023 to 2024 being an increase of 10%.

Guideline values in Kovilpathagai

Kovilpathagai village has a total of 278 streets under the Ambattur SRO, with guideline values ranging from Rs 803 to Rs 2,900 per sq.ft. The median guideline value for these streets is Rs 870 per sq.ft, placing Pompozhil Nager Alli Street's 2024 figure above the median.

• Pompozhil Nagar Ananthavinayagar Koil Street: Rs 1,200 per sq.ft (2024)
• Pompozhil Nager Anna Street: Rs 1,100 per sq.ft (2024)
• Pompozhil Nager Bhavani Street: Rs 1,100 per sq.ft (2024)
• Pompozhil Nager Gangai Street: Rs 1,100 per sq.ft (2024)
• Pompozhil Nager Kanagambaram Street: Rs 1,100 per sq.ft (2024)
• Pompozhil Nager Kaveri Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Pompozhil Nager Alli Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total fees to Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Pompozhil Nager Alli Street?

The Sub Registrar Office that covers Pompozhil Nager Alli Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Kovilpathagai, as it determines the minimum value at which a property can be registered. When buying or selling a property, the guideline value is used to calculate the stamp duty and registration fees that need to be paid at the time of registration.

It is essential for buyers and sellers to be aware of the guideline value to ensure compliance with legal requirements and to accurately assess the costs involved in the transaction. The guideline value serves as a benchmark for property transactions, ensuring transparency and standardization in the registration process.

Frequently asked questions

What is the current guideline value of Pompozhil Nager Alli Street?

The current guideline value of Pompozhil Nager Alli Street is Rs 1,100 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,100 per sq.ft in 2024.

What is the land classification for Pompozhil Nager Alli Street?

Pompozhil Nager Alli Street is classified as Residential Class I Type - I.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office for Pompozhil Nager Alli Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

What are the stamp duty rates for property transactions?

The stamp duty for property transactions in this area is charged at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applicable.