Guideline Value for Pompozhil Nager Palaru Street

Pompozhil Nager Palaru Street guideline value

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

How the guideline value of Pompozhil Nager Palaru Street has changed

The guideline value for Pompozhil Nager Palaru Street has seen several revisions over the years. From the 2012 revision, which was Rs 1,000 per sq.ft, it dropped to Rs 670 per sq.ft in 2017, marking a decrease of 33%. However, from 2017 to 2023, the value rose significantly by 49% to Rs 1,000 per sq.ft. The most recent revision in 2024 has increased the guideline value to Rs 1,100 per sq.ft, a rise of 10% from the previous year.

Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, comparing the 2012 figure to the current 2024 value, there has been an increase of 10%.

Guideline values in Kovilpathagai

Kovilpathagai village has a total of 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 in the village is Rs 870 per sq.ft, placing Pompozhil Nager Palaru Street above this median.

• Pompozhil Nager Narmathi Street: Rs 1,100 per sq.ft (2024)
• Pompozhil Nager Ponga Street: Rs 1,100 per sq.ft (2024)
• Pompozhil Nager Mullai Street: Rs 1,100 per sq.ft (2024)
• Pompozhil Nager Roja Street: Rs 1,100 per sq.ft (2024)
• Pompozhil Nager malligai Street: Rs 1,100 per sq.ft (2024)
• Pompozhil Nager Samanthi Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Pompozhil Nager Palaru 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 use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Pompozhil Nager Palaru Street?

The Sub Registrar Office that covers Pompozhil Nager Palaru 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 plays a crucial role in the registration process when buying or selling property in Kovilpathagai. It is used to determine the stamp duty and registration fees that need to be paid, ensuring that the transaction is recorded accurately in the government records.

When a property is sold, the guideline value is referenced to assess the minimum value for taxation purposes. Buyers and sellers should be aware of these values to avoid any discrepancies during the registration process.

Frequently asked questions

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

The current guideline value of Pompozhil Nager Palaru 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 increased 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 Palaru Street?

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

What are the stamp duty and registration fees for a property in this area?

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, totaling Rs 99,000.

Which office handles registrations for Pompozhil Nager Palaru Street?

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