Guideline Value for Pompozhil Nager Sindu Street

Pompozhil Nager Sindu Street guideline value

The current guideline value of Pompozhil Nager Sindu Street is Rs 1,100 per sq.ft. 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 Sindu Street has changed

The guideline value for Pompozhil Nager Sindu Street has seen several revisions over the years. The 2012 revision set the value at Rs 1,000 per sq.ft, which then decreased to Rs 670 per sq.ft in the 2017 revision. Following that, the value increased to Rs 1,000 per sq.ft in 2023, and the most recent revision in 2024 established the current value at Rs 1,100 per sq.ft.

From 2017 to 2023, the guideline value increased by 49%. There was a decrease of 33% from 2012 to 2017. 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 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 this village is Rs 870 per sq.ft, placing Pompozhil Nager Sindu Street's current value above that median.

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

Stamp duty and registration fee for property in Pompozhil Nager Sindu 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, making the total Rs 99,000. Stamp duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Pompozhil Nager Sindu Street?

The Sub Registrar Office that covers Pompozhil Nager Sindu 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 of property transactions in Kovilpathagai. It is the basis for calculating stamp duty and registration fees, which are required to be paid during the registration of the property.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency in property dealings. It is important for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

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

The current guideline value of Pompozhil Nager Sindu 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 of Pompozhil Nager Sindu Street?

Pompozhil Nager Sindu 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 Sindu 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, a property valued at Rs 11,00,000 would incur a stamp duty of Rs 77,000 at 7%.