Guideline Value for Pompozhil Nager Roja Street

Pompozhil Nager Roja Street guideline value

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

The guideline value for Pompozhil Nager Roja Street has seen several revisions over the years. In the 2012 revision, the value was set at Rs 1,000 per sq.ft, which decreased to Rs 670 per sq.ft in the 2017 revision, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly by 49%, reaching Rs 1,000 per sq.ft. The most recent revision in 2024 has raised the guideline value to Rs 1,100 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that the guideline value register does not have figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Kovilpathagai

Kovilpathagai has a total of 278 streets under the Ambattur SRO with a 2024 guideline value 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 Roja Street's current value above this median.

• Pompozhil Nager Ponga Street: Rs 1,100 per sq.ft (2024)
• Pompozhil Nager Samanthi Street: Rs 1,100 per sq.ft (2024)
• Pompozhil Nager Palaru Street: Rs 1,100 per sq.ft (2024)
• Pompozhil Nager Sampangi Street: Rs 1,100 per sq.ft (2024)
• Pompozhil Nager Narmathi Street: Rs 1,100 per sq.ft (2024)
• Pompozhil Nager Semparuthi Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Pompozhil Nager Roja 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 or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Pompozhil Nager Roja Street?

The Sub Registrar Office that covers Pompozhil Nager Roja 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 details.

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 a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value helps ensure that the transaction is recorded accurately, reflecting the value of the property as assessed by the authorities. This assessment is essential for legal and financial purposes during the transfer of ownership.

Frequently asked questions

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

The current guideline value of Pompozhil Nager Roja 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 undergone several changes, with the most recent increase being from Rs 1,000 per sq.ft in 2023 to Rs 1,100 per sq.ft in 2024. The value also saw a significant increase from Rs 670 per sq.ft in 2017 to Rs 1,000 per sq.ft in 2023.

What is the land classification of Pompozhil Nager Roja Street?

Pompozhil Nager Roja Street is classified as Residential Class I Type - I, indicating its suitability for residential development.

What are the stamp duty and registration fees for properties 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. These fees are based on the guideline value or the sale price, whichever is higher.

Which office handles the registration for Pompozhil Nager Roja Street?

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