Guideline Value for Zhakirhussain Street

Zhakirhussain Street guideline value

The current guideline value of Zhakirhussain Street in Pozhichalur village is Rs 1,320 per sq.ft, effective from 1 July 2024. This street falls under the Pammal SRO and is classified as Residential Class I Type - II.

How the guideline value of Zhakirhussain Street has changed

In the 2017 revision, the guideline value was Rs 804 per sq.ft. This increased to Rs 1,200 per sq.ft in the 2023 revision, marking a significant rise of 49%. The most recent revision in 2024 set the guideline value at Rs 1,320 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from 2017 to 2024, 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 with a 2024 guideline value ranging from Rs 1,100 to Rs 4,500 per sq.ft. The median value is Rs 1,320 per sq.ft, which is the same as the guideline value for Zhakirhussain Street.

• V.V.Giri Street: Rs 1,320 per sq.ft (2024)
• VOC Street (6): Rs 1,100 per sq.ft (2024)
• VOC Street (12): Rs 1,100 per sq.ft (2024)
• Vivekanthar Street: Rs 1,100 per sq.ft (2024)
• Vishnu Street: Rs 1,100 per sq.ft (2024)
• Vinayaga Nagar: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Zhakirhussain Street

For a 1,000 sq.ft plot at the current rate of Rs 1,320 per sq.ft, the guideline value amounts to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, totaling Rs 1,18,800. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Zhakirhussain Street?

Zhakirhussain Street is covered by the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, under the Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value plays a crucial role during property registration in Pozhichalur. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold.

When you register a property, the guideline value is considered to ensure that the appropriate taxes are levied based on the current valuation of the property. This helps maintain transparency and standardization in property transactions.

Frequently asked questions

What is the current guideline value of Zhakirhussain Street?

The current guideline value of Zhakirhussain Street is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 804 per sq.ft in 2017 to Rs 1,200 per sq.ft in 2023, and then to Rs 1,320 per sq.ft in 2024. This represents an overall increase of 64% from 2017 to 2024.

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

Other streets in Pozhichalur include V.V.Giri Street at Rs 1,320 per sq.ft, VOC Street (6), VOC Street (12), Vivekanthar Street, and Vishnu Street at Rs 1,100 per sq.ft, and Vinayaga Nagar at Rs 1,650 per sq.ft.

What is the stamp duty for a property in Zhakirhussain Street?

The stamp duty for a property valued at Rs 13,20,000 on Zhakirhussain Street would be Rs 92,400, which is 7% of the guideline value. The total registration fee would be Rs 1,18,800 when including the registration fee.

Where is the Sub Registrar Office for Zhakirhussain Street located?

The Sub Registrar Office covering Zhakirhussain Street is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075. This office is part of the Chengalpattu registration zone.