Guideline Value for Pozhichalur Main Road (8)

Pozhichalur Main Road (8) guideline value

The current guideline value for Pozhichalur Main Road (8) is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Pozhichalur village, under the Pammal SRO, and is classified as Commercial Special Type - I.

How the guideline value of Pozhichalur Main Road (8) has changed

The guideline value for Pozhichalur Main Road (8) has seen several revisions over the years. The 2017 revision set the value at Rs 1,675 per sq.ft, which increased significantly to Rs 2,500 per sq.ft in the 2023 revision. The most recent 2024 revision shows an increase to Rs 2,750 per sq.ft, marking a 10% rise from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Pozhichalur

In Pozhichalur village, there are 299 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 4,500 per sq.ft. The median guideline value in this area is Rs 1,320 per sq.ft, placing Pozhichalur Main Road (8) above this median.

• Pozhichalur Main Road (16): Rs 2,750 per sq.ft (2024)
• Pozhichalur Main Road (14): Rs 2,750 per sq.ft (2024)
• Pozhichalur Main Road: Rs 2,750 per sq.ft (2024)
• Poonurangam Nagar: Rs 1,320 per sq.ft (2024)
• Prem Nagar: Rs 1,650 per sq.ft (2024)
• Prem Nagar Extension: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Pozhichalur Main Road (8)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value amounts to Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, totaling Rs 2,47,500. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Pozhichalur Main Road (8)?

The Sub Registrar Office that covers Pozhichalur Main Road (8) is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, within the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Pozhichalur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair price, reflecting the current market conditions. This helps in maintaining transparency and accountability in property dealings.

Frequently asked questions

What is the current guideline value of Pozhichalur Main Road (8)?

The current guideline value of Pozhichalur Main Road (8) is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,675 per sq.ft in 2017 to Rs 2,750 per sq.ft in 2024, marking an overall increase of 64% over this period.

What is the land classification for Pozhichalur Main Road (8)?

Pozhichalur Main Road (8) is classified as Commercial Special Type - I, indicating its suitability for commercial activities.

What are the stamp duty and registration fees for properties in Pozhichalur Main Road (8)?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total costs would amount to Rs 2,47,500.

Where is the Sub Registrar Office for Pozhichalur Main Road (8)?

The Sub Registrar Office for Pozhichalur Main Road (8) is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, within the Chengalpattu registration zone.