Guideline Value for Pozhichalur Main Road

Pozhichalur Main Road guideline value

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

How the guideline value of Pozhichalur Main Road has changed

The guideline value for Pozhichalur Main Road has undergone several revisions over the years. In 2007, the value was set at Rs 400 per sq.ft. This increased significantly to Rs 1,675 per sq.ft in 2017, marking a 319% rise. However, there are no figures available for the revisions in 2002, 2003, and 2012.

Following the 2017 revision, the guideline value rose to Rs 2,500 per sq.ft in 2023, representing a 49% increase. As of the latest revision in 2024, the value has further increased to Rs 2,750 per sq.ft, which is a 10% rise from the previous year. Overall, from 2007 to 2024, the guideline value has increased by 588%.

Guideline values in Pozhichalur

In Pozhichalur, there are 299 streets under the Pammal SRO carrying a 2024 guideline value ranging from Rs 1,100 to Rs 4,500 per sq.ft. The median value for these streets is Rs 1,320 per sq.ft, making the guideline value for Pozhichalur Main Road above the median.

• Pozhichalur Main Road (14): Rs 2,750 per sq.ft (2024)
• Pozhichalur Main Road (16): Rs 2,750 per sq.ft (2024)
• Pozhichalur Main Road (8): 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

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, bringing the total cost for these fees to Rs 2,47,500. 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 Pozhichalur Main Road?

The Sub Registrar Office that covers Pozhichalur Main Road is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in 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 critical factor in the registration process for property transactions in Pozhichalur. It serves as a benchmark 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 used to calculate the applicable fees, ensuring that both buyers and sellers are aware of the financial obligations associated with the transaction. This process helps maintain transparency and consistency in property dealings.

Frequently asked questions

What is the current guideline value of Pozhichalur Main Road?

The current guideline value of Pozhichalur Main Road 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 400 per sq.ft in 2007 to Rs 2,750 per sq.ft in 2024, reflecting an overall increase of 588% over the years.

What are the other streets in Pozhichalur with their guideline values?

Other streets in Pozhichalur include Pozhichalur Main Road (14, 16, 8) at Rs 2,750 per sq.ft, Poonurangam Nagar at Rs 1,320 per sq.ft, and Prem Nagar and Prem Nagar Extension at Rs 1,650 per sq.ft.

What are the stamp duty and registration fees for properties in Pozhichalur?

The stamp duty is calculated at 7% of the guideline value, while the registration fee is 2%. For example, a property valued at Rs 27,50,000 would incur a stamp duty of Rs 1,92,500 and a registration fee of Rs 55,000.

Which office handles property registration in Pozhichalur?

The Pammal Sub Registrar Office handles property registration for Pozhichalur Main Road, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.