Guideline Value for Pompozhil Nager Krishna Street

Pompozhil Nager Krishna Street guideline value

The current guideline value of Pompozhil Nager Krishna 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 Krishna Street has changed

The guideline value for Pompozhil Nager Krishna Street has seen several revisions over the years. The 2012 revision set the value at Rs 1,000 per sq.ft, which was later reduced to Rs 670 per sq.ft in 2017. The subsequent revision in 2023 increased the value to Rs 1,000 per sq.ft, followed by the latest revision in 2024, which raised it to Rs 1,100 per sq.ft. There are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Between the revisions, the changes are as follows: from 2017 to 2023, there was a significant increase of 49%. However, the value dropped by 33% from 2012 to 2017. Overall, from 2012 to 2024, there has been a modest increase of 10% in the guideline value.

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 guideline value for the village is Rs 870 per sq.ft, placing Pompozhil Nager Krishna Street's 2024 figure above this median.

• Pompozhil Nager Kothavari Street: Rs 1,100 per sq.ft (2024)
• Pompozhil Nager Kuranchi Street: Rs 1,100 per sq.ft (2024)
• Pompozhil Nager Kaveri Street: Rs 1,100 per sq.ft (2024)
• Pompozhil Nager Magizhambu Street: Rs 1,100 per sq.ft (2024)
• Pompozhil Nager Kanagambaram Street: Rs 1,100 per sq.ft (2024)
• Pompozhil Nager malligai Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Pompozhil Nager Krishna 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 cost for these fees to Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more accurate calculations based on your property details.

Which Sub Registrar Office covers Pompozhil Nager Krishna Street?

The Sub Registrar Office that covers Pompozhil Nager Krishna 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 determines the minimum value at which a property can be registered and is used to calculate the stamp duty and registration fees applicable to the transaction.

When a property is sold, the sale price must be equal to or greater than the guideline value. If the sale price is lower than the guideline value, the higher amount will be used for calculating the necessary fees, ensuring that the government receives the appropriate revenue from the transaction.

Frequently asked questions

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

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

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then back 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 this street?

The land classification for Pompozhil Nager Krishna Street is Residential Class I Type - I.

Where can I find the registration office for this street?

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

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, if the guideline value is Rs 11,00,000, the stamp duty at 7% would be Rs 77,000.