Guideline Value for Pompozhil Nager Sampangi Street

Pompozhil Nager Sampangi Street guideline value

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

The guideline value for Pompozhil Nager Sampangi Street has seen several revisions over the years. In 2012, the value was set at Rs 1,000 per sq.ft. This was followed by a decrease to Rs 670 per sq.ft in 2017. The value then increased significantly to Rs 1,000 per sq.ft in 2023, and finally, it rose to Rs 1,100 per sq.ft in 2024, marking a 10% increase from the previous year.

From 2012 to 2017, there was a decrease of 33%, but from 2017 to 2023, the value increased by 49%. Overall, from 2012 to 2024, 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

Kovilpathagai village has a total of 278 streets under the Ambattur SRO, with guideline values ranging from Rs 803 to Rs 2,900 per sq.ft. The median guideline value for these streets is Rs 870 per sq.ft, making Pompozhil Nager Sampangi Street's 2024 figure above that median.

• Pompozhil Nager Samanthi Street: Rs 1,100 per sq.ft (2024)
• Pompozhil Nager Semparuthi Street: Rs 1,100 per sq.ft (2024)
• Pompozhil Nager Roja Street: Rs 1,100 per sq.ft (2024)
• Pompozhil Nager Sindu Street: Rs 1,100 per sq.ft (2024)
• Pompozhil Nager Ponga Street: Rs 1,100 per sq.ft (2024)
• Pompozhil Nager Suriyagandhi Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Pompozhil Nager Sampangi Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be 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 and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Pompozhil Nager Sampangi Street?

The Sub Registrar Office that covers Pompozhil Nager Sampangi 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 in Kovilpathagai. It determines the minimum value at which a property can be registered, ensuring that the government receives the appropriate revenue from stamp duties and registration fees.

When buying or selling property, the guideline value serves as a benchmark for both parties. It is essential for buyers to be aware of the current guideline value to avoid overpaying, and sellers should ensure their pricing aligns with the guideline to facilitate a smooth transaction.

Frequently asked questions

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

The current guideline value of Pompozhil Nager Sampangi 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 finally to Rs 1,100 per sq.ft in 2024.

What is the land classification for this street?

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

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

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

How is 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, for a plot of 1,000 sq.ft at the guideline value of Rs 1,100 per sq.ft, the stamp duty would be calculated accordingly.