Guideline Value for Pozhichallur Main Road, Pasumpon Nagar

Pozhichallur Main Road, Pasumpon Nagar guideline value

The current guideline value of Pozhichallur Main Road, Pasumpon Nagar is Rs 2,750 per sq.ft, effective from the 2024 revision. This street is located in Pammal village, under the Pammal SRO, and is classified as Commercial Class I Type - II.

How the guideline value of Pozhichallur Main Road, Pasumpon Nagar has changed

Historically, the guideline value for Pozhichallur Main Road, Pasumpon Nagar has not been recorded in the register for several years. Specifically, there are no figures for the revisions in 2002, 2003, 2007, 2012, 2017, and 2023. The most recent revision in 2024 sets the guideline value at Rs 2,750 per sq.ft.

Since the 2024 revision is the only recorded figure for this street, there have been no changes in the guideline value between the revisions listed above. Thus, the current figure stands alone as the sole reference for this location.

Guideline values in Pammal

In Pammal, there are 926 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 3,300 per sq.ft. The median guideline value for these streets is Rs 2,090 per sq.ft, placing the guideline value of Pozhichallur Main Road, Pasumpon Nagar above the median.

• Prabhakaran Street / Hindustan Lever Colony: Rs 2,530 per sq.ft (2024)
• Prabhudas Street / Pasumpon Nagar: Rs 1,980 per sq.ft (2024)
• Prabhu Street: Rs 1,760 per sq.ft (2024)
• Pragalathan Street, Shankar Nagar: Rs 2,750 per sq.ft (2024)
• Pragalathan Street /VOC Nagar: Rs 2,750 per sq.ft (2024)
• Poonga Street, V.O.C Nagar: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Pozhichallur Main Road, Pasumpon Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value would be Rs 27,50,000. The stamp duty, calculated at 7%, would amount to Rs 1,92,500, while the registration fee at 2% would be Rs 55,000. Together, the total cost for stamp duty and registration would be Rs 2,47,500. It is important to note that duty is charged on the higher value between the guideline value and the sale price.

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

Which Sub Registrar Office covers Pozhichallur Main Road, Pasumpon Nagar?

The Sub Registrar Office that covers Pozhichallur Main Road, Pasumpon Nagar is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a critical factor during the registration of property transactions in Pammal. It serves as a baseline for determining the stamp duty and registration fees that must be paid when buying or selling property.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two values is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Pozhichallur Main Road, Pasumpon Nagar?

The current guideline value of Pozhichallur Main Road, Pasumpon Nagar is Rs 2,750 per sq.ft, effective from the 2024 revision.

When did the last revision of the guideline value occur?

The last revision of the guideline value for Pozhichallur Main Road, Pasumpon Nagar occurred in 2024, with the new figure being Rs 2,750 per sq.ft.

Are there any previous guideline values recorded for this street?

No, the register has no figures for Pozhichallur Main Road, Pasumpon Nagar in the years 2002, 2003, 2007, 2012, 2017, and 2023.

How does the guideline value impact property transactions?

The guideline value is used to determine the stamp duty and registration fees when buying or selling property. It is compared with the sale price, and the higher value is used for calculating the applicable duties.

Where can I find the Pammal Sub Registrar Office?

The Pammal Sub Registrar Office is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone.