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Guideline Value

Corporate

Guideline Value for Pompozhil Nager Kaveri Street

₹1100/sq.ft.

The guideline value for Pompozhil Nager Kaveri Street in Kovilpathagai village (Ambattur SRO, Chennai zone) is Rs 1100 per sq.ft, effective 1 July 2024. It was Rs 1000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Kovilpathagai

Village

Ambattur

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹1100 /sq.ft.
From 1-4-2023 ₹1000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹670 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1000 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop,ambattur- 600 053
044-26584174
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Pompozhil Nager Kaveri Street

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Pompozhil Nager Kaveri Street guideline value

The current guideline value of Pompozhil Nager Kaveri Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Kovilpathagai village and falls under the Ambattur SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Pompozhil Nager Kaveri Street has changed

Over the years, the guideline value of Pompozhil Nager Kaveri Street has seen several revisions. The 2012 revision set the value at Rs 1,000 per sq.ft, which was a decrease of 33% from the previous figure of Rs 670 per sq.ft in the 2017 revision. The 2023 revision increased the value to Rs 1,000 per sq.ft, and in the latest 2024 revision, it rose by 10% to Rs 1,100 per sq.ft.

In summary, from the 2017 revision to 2023, there was a significant increase of 49%. Overall, from the 2012 revision to the current 2024 figure, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kovilpathagai

In Kovilpathagai, there are 278 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 803 to Rs 2,900 per sq.ft. The median value for these streets is Rs 870 per sq.ft, placing Pompozhil Nager Kaveri Street's 2024 figure above that median.

Stamp duty and registration fee for property in Pompozhil Nager Kaveri 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, leading to a total of Rs 99,000 for these fees. Duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Pompozhil Nager Kaveri Street?

The Sub Registrar Office that covers Pompozhil Nager Kaveri 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 the registration process when buying or selling property in Kovilpathagai. It serves as the minimum value on which stamp duty and registration fees are calculated, ensuring that the government receives appropriate revenue from property transactions.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that all property transactions are recorded accurately and transparently, reflecting the true value of the property.

Frequently asked questions

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

The current guideline value of Pompozhil Nager Kaveri 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 2023 to Rs 1,100 per sq.ft in 2024, marking a 10% increase. From 2017 to 2023, it increased by 49% from Rs 670 per sq.ft to Rs 1,000 per sq.ft.

What is the land classification for Pompozhil Nager Kaveri Street?

The land classification for Pompozhil Nager Kaveri Street is Residential Class I Type - I, indicating its designation for residential use.

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

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

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000 and the registration fee would be Rs 22,000.