Guideline Value for Poompozhil Nagar Tank

Poompozhil Nagar Tank guideline value

The current guideline value of Poompozhil Nagar Tank is Rs 1,100 per sq.ft, effective from 1 July 2024. This property is located in Kovilpathagai village under the Ambattur SRO, classified as Residential Class I Type - I.

How the guideline value of Poompozhil Nagar Tank has changed

The guideline value for Poompozhil Nagar Tank 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. In 2023, the value increased to Rs 1,000 per sq.ft, and the latest revision in 2024 raised it to Rs 1,100 per sq.ft. The register has no figures for the years 2002, 2003, and 2007 for this street.

From the 2012 revision to the 2024 revision, the overall change is a 10% increase. The transition from 2017 to 2023 saw a significant increase of 49%, while the change from 2012 to 2017 was a decrease of 33%. The most recent change from 2023 to 2024 reflects a 10% increase.

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 the current value of Rs 1,100 per sq.ft for Poompozhil Nagar Tank above the median.

• Poompozhil Nagar: Rs 1,100 per sq.ft (2024)
• Ponnuswamy Street: Rs 880 per sq.ft (2024)
• Ponnappillai Street: Rs 880 per sq.ft (2024)
• Ponnapillai Nagar: Rs 1,200 per sq.ft (2024)
• Poniammankoil Street: Rs 805 per sq.ft (2024)
• Pompozhil Nager Yamunai Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Poompozhil Nagar Tank

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 fees to Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Poompozhil Nagar Tank?

The Sub Registrar Office that covers Poompozhil Nagar Tank is the Ambattur Sub Registrar Office. The address is 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 the registration process when buying or selling property in Kovilpathagai. It serves as a benchmark for determining the stamp duty and registration fees applicable during the transaction.

Frequently asked questions

What is the current guideline value of Poompozhil Nagar Tank?

The current guideline value of Poompozhil Nagar Tank 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 Poompozhil Nagar Tank?

Poompozhil Nagar Tank is classified as Residential Class I Type - I according to the guideline value register.

What is the stamp duty rate for properties in Poompozhil Nagar Tank?

The stamp duty rate for properties in Poompozhil Nagar Tank is 7% of the guideline value or sale price, whichever is higher.

Where can I find my Sub Registrar Office?

You can find your Sub Registrar Office by visiting the Ambattur Sub Registrar Office located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.