Guideline Value for Pozhichalur Salai

Pozhichalur Salai guideline value

The current guideline value of Pozhichalur Salai is Rs 825 per sq.ft, effective from 1 July 2024. This street is located in Kavulbazaar village under the Pammal SRO and is classified as Residential Class II Type - I.

How the guideline value of Pozhichalur Salai has changed

The guideline value for Pozhichalur Salai has seen several revisions over the years. The 2017 revision set the value at Rs 502 per sq.ft, which was then increased to Rs 750 per sq.ft in 2023. The most recent revision in 2024 raised the value to Rs 825 per sq.ft, marking a 10% increase from the previous year. Overall, from 2017 to 2024, the guideline value has risen by 64%.

It is important to note that the register has no figures for the revisions in 2002, 2003, 2007, and 2012. The changes from 2017 to 2023 reflect a significant increase of 49%, indicating a notable adjustment in property values in the area over these years.

Guideline values in Kavulbazaar

Kavulbazaar village has 44 streets under the Pammal SRO that carry a 2024 guideline value ranging from Rs 825 to Rs 4,500 per sq.ft. The median value for these streets is Rs 825 per sq.ft, which is equal to the guideline value of Pozhichalur Salai.

• Periyar Street: Rs 825 per sq.ft (2024)
• Ramalinga Nagar: Rs 1,100 per sq.ft (2024)
• Rathinavel Nagar: Rs 825 per sq.ft (2024)
• Neduchalai Street: Rs 1,100 per sq.ft (2024)
• Napc Sudarma: Rs 1,100 per sq.ft (2024)
• Moovar Nagar: Rs 825 per sq.ft (2024)

Stamp duty and registration fee for property in Pozhichalur Salai

For a 1,000 sq.ft plot at the current rate of Rs 825 per sq.ft, the guideline value amounts to Rs 8,25,000. The stamp duty at 7% would be Rs 57,750, and the registration fee at 2% would be Rs 16,500, totaling Rs 74,250. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Pozhichalur Salai?

The Sub Registrar Office covering Pozhichalur Salai is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Kavulbazaar, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that these costs are based on the official valuation of the property.

Additionally, the guideline value helps maintain transparency in property transactions by providing a standardized valuation method. This ensures that both buyers and sellers are aware of the official value of properties in the area.

Frequently asked questions

What is the current guideline value of Pozhichalur Salai?

The current guideline value of Pozhichalur Salai is Rs 825 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed from Rs 502 per sq.ft in 2017 to Rs 825 per sq.ft in 2024, marking an overall increase of 64% over these years.

What is the land classification for Pozhichalur Salai?

Pozhichalur Salai is classified as Residential Class II Type - I, indicating its suitability for residential purposes.

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.

How is the stamp duty calculated for properties in Pozhichalur Salai?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 8,25,000, the stamp duty would be Rs 57,750 at a rate of 7%.