Guideline Value for Pompozhil Nager Mullai Street

Pompozhil Nager Mullai Street guideline value

The current guideline value of Pompozhil Nager Mullai Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Kovilpathagai village under the Ambattur SRO, classified as Residential Class I Type - I.

How the guideline value of Pompozhil Nager Mullai Street has changed

The guideline value for Pompozhil Nager Mullai 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 value increased to Rs 1,000 per sq.ft in the 2023 revision, and it has now risen to Rs 1,100 per sq.ft in the 2024 revision, marking a 10% increase from the previous year. Notably, there are no figures available for the revisions of 2002, 2003, and 2007.

From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, there was a significant increase of 49%. Overall, the guideline value has increased by 10% from 2012 to 2024.

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 Mullai Street above this median.

• Pompozhil Nager malligai Street: Rs 1,100 per sq.ft (2024)
• Pompozhil Nager Narmathi Street: Rs 1,100 per sq.ft (2024)
• Pompozhil Nager Magizhambu Street: Rs 1,100 per sq.ft (2024)
• Pompozhil Nager Palaru Street: Rs 1,100 per sq.ft (2024)
• Pompozhil Nager Kuranchi Street: Rs 1,100 per sq.ft (2024)
• Pompozhil Nager Ponga Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Pompozhil Nager Mullai 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. Together, the total cost for these fees would be 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 detailed calculations.

Which Sub Registrar Office covers Pompozhil Nager Mullai Street?

The Sub Registrar Office that covers Pompozhil Nager Mullai 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 when registering property transactions in Kovilpathagai. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the registration process reflects the property's worth according to government standards.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees. It is essential for both buyers and sellers to be aware of the current guideline value to ensure compliance with legal requirements during the transaction.

Frequently asked questions

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

The current guideline value of Pompozhil Nager Mullai 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 to Rs 1,000 per sq.ft in 2023, and currently stands at Rs 1,100 per sq.ft in 2024.

What is the land classification for Pompozhil Nager Mullai Street?

Pompozhil Nager Mullai 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 Mullai 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. For example, for a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000 at a rate of 7%.