Guideline Value for Pompozhil Nager Yamunai Street

Pompozhil Nager Yamunai Street guideline value

The current guideline value of Pompozhil Nager Yamunai Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Kovilpathagai village and falls under the Ambattur SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Pompozhil Nager Yamunai Street has changed

The guideline value for Pompozhil Nager Yamunai Street has undergone several revisions over the years. The earliest available figure is from 2012, where it was set at Rs 1,000 per sq.ft. This value then decreased to Rs 670 per sq.ft in 2017. Following this, the guideline value increased significantly to Rs 1,000 per sq.ft in 2023, and then further rose to Rs 1,100 per sq.ft in the 2024 revision. The changes between these revisions include a decrease of 33% from 2012 to 2017, an increase of 49% from 2017 to 2023, and a 10% increase from 2023 to 2024.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Kovilpathagai

Kovilpathagai village has a total of 278 streets under the Ambattur SRO, with the 2024 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, placing Pompozhil Nager Yamunai Street's 2024 value above this median.

• Pompozhil Nager Vaigai Street: Rs 1,100 per sq.ft (2024)
• Pompozhil Nager Vadamallai Street: Rs 1,100 per sq.ft (2024)
• Pompozhil Nager Thamarai Street: Rs 1,100 per sq.ft (2024)
• Pompozhil Nager Thalambu 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 Yamunai 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, while the registration fee at 2% would be Rs 22,000, bringing the total 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.

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

Which Sub Registrar Office covers Pompozhil Nager Yamunai Street?

The Sub Registrar Office that covers Pompozhil Nager Yamunai 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 serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is transparent and fair.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. This ensures that both parties are aware of the financial implications of the transaction based on the established guideline value.

Frequently asked questions

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

The current guideline value of Pompozhil Nager Yamunai 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 increased 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 Yamunai Street?

The land classification for Pompozhil Nager Yamunai Street is Residential Class I Type - I.

Which Sub Registrar Office covers this street?

The Ambattur Sub Registrar Office covers Pompozhil Nager Yamunai Street, 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?

The stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property with a guideline value of Rs 11,00,000, the stamp duty would be Rs 77,000 at a rate of 7%.