Guideline Value for Pound Street

Pound Street guideline value

The current guideline value of Pound Street 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 Street has changed

The guideline value of Pound Street has experienced several revisions over the years. In 2002, the value was Rs 86 per sq.ft, which increased to Rs 110 per sq.ft in 2003, marking a 28% rise. By 2007, the value had further increased to Rs 400 per sq.ft, showing a significant growth of 264%. The 2012 revision brought the value to Rs 800 per sq.ft, reflecting a 100% increase from the previous figure. However, in 2017, the value decreased to Rs 536 per sq.ft, a decline of 33%. The 2023 revision saw the value rise again to Rs 800 per sq.ft, and the most recent 2024 revision set the value at Rs 880 per sq.ft, which is a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value of Pound Street has increased by 923%. There are no figures available for the revisions prior to 2002 or between the years that have been mentioned.

Guideline values in Ayappakkam

In Ayappakkam, there are 221 streets under the Ambattur SRO that carry 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 Street's current guideline value is below this median.

• Pound Cross 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 Street

For a 1,000 sq.ft plot at the current guideline value of Rs 880 per sq.ft, the total guideline value amounts to Rs 8,80,000. The stamp duty at 7% would be Rs 61,600, and the registration fee at 2% would be Rs 17,600, resulting in a total of 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 further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Pound Street?

The Sub Registrar Office that covers Pound 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 details.

How the guideline value is used when you buy or sell in Ayappakkam

The guideline value is a crucial factor in the registration process when buying or selling property in Ayappakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

Frequently asked questions

What is the current guideline value of Pound Street?

The current guideline value of Pound 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 86 per sq.ft in 2002 to Rs 880 per sq.ft in 2024, marking an overall increase of 923% over this period.

What is the land classification for Pound Street?

Pound Street falls under the Residential Class II Type - II land classification.

Where can I find the Sub Registrar Office for Pound Street?

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

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

For a property valued at Rs 8,80,000, the stamp duty would be Rs 61,600 and the registration fee would be Rs 17,600, totaling Rs 79,200.