Guideline Value for Pompozhil Nager Vadamallai Street

Pompozhil Nager Vadamallai Street guideline value

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

The guideline value for Pompozhil Nager Vadamallai Street has undergone several revisions over the years. The earliest available revision is from 2012, where the guideline value was set at Rs 1,000 per sq.ft. This figure remained until the 2017 revision, where it decreased to Rs 670 per sq.ft. Subsequently, the value increased to Rs 1,000 per sq.ft in 2012, then rose significantly to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,100 per sq.ft in 2024.

From 2017 to 2023, there was a notable increase of 49%. The change from 2023 to 2024 reflects a 10% increase. Overall, from 2012 to 2024, the guideline value has increased by 10%. It is important to note that there are no figures available 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 in this area is Rs 870 per sq.ft, placing Pompozhil Nager Vadamallai Street above this median at Rs 1,100 per sq.ft.

• Pompozhil Nager Thamarai Street: Rs 1,100 per sq.ft (2024)
• Pompozhil Nager Vaigai Street: Rs 1,100 per sq.ft (2024)
• Pompozhil Nager Thalambu Street: Rs 1,100 per sq.ft (2024)
• Pompozhil Nager Yamunai Street: Rs 1,100 per sq.ft (2024)
• Pompozhil Nager Suriyagandhi Street: Rs 1,100 per sq.ft (2024)
• Pompozhil Nager Sindu Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Pompozhil Nager Vadamallai 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, resulting in a total of Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Pompozhil Nager Vadamallai Street?

The Sub Registrar Office that covers Pompozhil Nager Vadamallai 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 in property transactions in Kovilpathagai. It serves as a benchmark for assessing the value of properties during registration, ensuring that the sale price is in line with government standards. This value helps in determining the applicable stamp duty and registration fees for property transactions.

When buying or selling property, both the buyer and seller must be aware of the guideline value, as it impacts the overall cost involved in the transaction. Accurate knowledge of the guideline value can help in making informed decisions during the buying or selling process.

Frequently asked questions

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

The current guideline value of Pompozhil Nager Vadamallai 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 back 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 Vadamallai Street?

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

What are the other streets in Kovilpathagai with the same guideline value?

Other streets in Kovilpathagai with the same guideline value of Rs 1,100 per sq.ft include Pompozhil Nager Thamarai Street, Pompozhil Nager Vaigai Street, Pompozhil Nager Thalambu Street, Pompozhil Nager Yamunai Street, Pompozhil Nager Suriyagandhi Street, and Pompozhil Nager Sindu Street.

Where is the Ambattur Sub Registrar Office located?

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