Guideline Value for Poompozhil Nagar

Poompozhil Nagar guideline value

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

How the guideline value of Poompozhil Nagar has changed

The guideline value for Poompozhil Nagar has seen 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 significantly to Rs 1,000 per sq.ft in the 2023 revision, and most recently, it has risen to Rs 1,100 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

In terms of percentage changes, the value increased 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%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kovilpathagai

Kovilpathagai village has a total of 278 streets listed under the Ambattur SRO, with guideline values ranging from Rs 803 to Rs 2,900 per sq.ft. The median guideline value for this village is Rs 870 per sq.ft, placing Poompozhil Nagar's 2024 figure above that median.

• Poompozhil Nagar Tank: 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

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, bringing the total charges 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.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Poompozhil Nagar?

Poompozhil Nagar falls under the jurisdiction of 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 the registration process when buying or selling property in Kovilpathagai. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately for taxation purposes.

Frequently asked questions

What is the current guideline value of Poompozhil Nagar?

The current guideline value of Poompozhil Nagar 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?

Poompozhil Nagar is classified under Residential Class I Type - I land classification.

Where can I find the Sub Registrar Office for Poompozhil Nagar?

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

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, on a property valued at Rs 11,00,000, the total stamp duty and registration fees would amount to Rs 99,000.