Guideline Value for Pompozhil Nager Semparuthi Street

Pompozhil Nager Semparuthi Street guideline value

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

The guideline value for Pompozhil Nager Semparuthi 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 2023, and finally, the current value is Rs 1,100 per sq.ft as per the 2024 revision. Notably, there are no figures available for the revisions in 2002, 2003, and 2007.

In terms of percentage changes, the value rose by 49% from 2017 to 2023, while it decreased by 33% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has increased by 10%.

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 these streets is Rs 870 per sq.ft, placing Pompozhil Nager Semparuthi Street's 2024 figure above that median.

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

Stamp duty and registration fee for property in Pompozhil Nager Semparuthi 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, charged at 7%, would amount to Rs 77,000, while the registration fee at 2% would be Rs 22,000, bringing the total fees together to Rs 99,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Pompozhil Nager Semparuthi Street?

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

To find your SRO, you can visit find your SRO.

How the guideline value is used when you buy or sell in Kovilpathagai

The guideline value is a crucial factor during the registration of property transactions in Kovilpathagai. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and fees based on this value.

When buying or selling property, it is essential to be aware of the guideline value as it influences the overall cost of the transaction. Buyers should ensure that the sale price is in line with the guideline value to avoid discrepancies during registration.

Frequently asked questions

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

The current guideline value of Pompozhil Nager Semparuthi 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 seen several revisions: Rs 1,000 per sq.ft in 2012, Rs 670 per sq.ft in 2017, Rs 1,000 per sq.ft in 2023, and the current value of Rs 1,100 per sq.ft in 2024.

What is the land classification for this street?

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

What are the stamp duty and registration fees for a property here?

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 the registration for properties in this area?

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