Guideline Value for Pound Cross Street

Pound Cross Street guideline value

The current guideline value of Pound Cross Street, located in Ayappakkam village under the Ambattur SRO, is Rs 880 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class II Type - II land classification.

How the guideline value of Pound Cross Street has changed

The guideline value for Pound Cross Street has seen several revisions over the years. In 2007, the value was Rs 400 per sq.ft, which increased to Rs 800 per sq.ft in 2012. However, it dropped to Rs 536 per sq.ft in 2017, marking a decrease of 33%. The value then rose significantly to Rs 800 per sq.ft in 2023, and further increased by 10% to Rs 880 per sq.ft in the 2024 revision.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2007 to 2024, there has been a substantial increase of 120%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Ayappakkam

In Ayappakkam, there are 221 streets under the Ambattur SRO with a 2024 guideline value ranging from Rs 550 to Rs 4,000 per sq.ft, with a median value of Rs 1,300 per sq.ft. Pound Cross Street's 2024 figure is below this median.

• Pound Street: Rs 880 per sq.ft (2024)
• Prasanthi Avenue: Rs 1,700 per sq.ft (2024)
• Ponni Street (jayaram nagar): Rs 1,100 per sq.ft (2024)
• Pillaiyar Koil Street: Rs 880 per sq.ft (2024)
• Raghavan Cross Street (Bhavani nagar): Rs 1,600 per sq.ft (2024)
• Raghavan Salai (Bhavani nagar): Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in Pound Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 880 per sq.ft, the total guideline value would be Rs 8,80,000. The stamp duty at 7% would amount to Rs 61,600, while the registration fee at 2% would be Rs 17,600, bringing the total fees to Rs 79,200. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Pound Cross Street?

The Sub Registrar Office that covers Pound Cross 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 Ayappakkam

The guideline value plays a crucial role in the registration process when buying or selling property in Ayappakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the sale price or the guideline value, whichever is higher, is used to calculate these fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Pound Cross Street?

The current guideline value of Pound Cross Street is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2007 to Rs 880 per sq.ft in 2024, reflecting an overall increase of 120% over the years.

What are the stamp duty and registration fees for property in Pound Cross Street?

The stamp duty is 7% and the registration fee is 2% of the guideline value. For a 1,000 sq.ft plot, the total fees would amount to Rs 79,200.

Which Sub Registrar Office covers Pound Cross Street?

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

What is the land classification for Pound Cross Street?

Pound Cross Street falls under the Residential Class II Type - II land classification as per the guidelines set by the registration department.