Guideline Value for Baharathiyar Street / Hindustan Lever Colony

Baharathiyar Street / Hindustan Lever Colony guideline value

The current guideline value of Baharathiyar Street / Hindustan Lever Colony is Rs 2,530 per sq.ft, effective from 1 July 2024. This street is located in Pammal village, under the Pammal SRO, and is classified as Residential Class I Type - I.

How the guideline value of Baharathiyar Street / Hindustan Lever Colony has changed

The guideline value for Baharathiyar Street / Hindustan Lever Colony has seen significant changes over the years. In 2002, the guideline value was Rs 163 per sq.ft. This value increased to Rs 185 per sq.ft in 2003, marking a 13% rise. The following revisions showed a more dramatic increase, with the value jumping to Rs 260 per sq.ft in 2007, which was a 41% increase. By 2017, the guideline value surged to Rs 1,541 per sq.ft, reflecting a 493% increase from 2007. The 2023 revision set the value at Rs 2,300 per sq.ft, a 49% increase from the previous revision.

The most recent revision in 2024 raised the guideline value to Rs 2,530 per sq.ft, which is a 10% increase from 2023. Notably, there is no figure available for the 2012 revision for this street.

Guideline values in Pammal

In Pammal, there are 926 streets listed under the Pammal SRO, with guideline values ranging from Rs 880 to Rs 3,300 per sq.ft as of 2024. The median value for these streets is Rs 2,090 per sq.ft, positioning Baharathiyar Street / Hindustan Lever Colony above this median.

• Baharathiyar Street / Near Pammal Main Road: Rs 1,760 per sq.ft (2024)
• Baharathiyar Street /Ponni Nagar: Rs 1,760 per sq.ft (2024)
• Baharathiyar Street / Prasanthi Nagar: Rs 1,760 per sq.ft (2024)
• Baharathiyar Street / Sholavaram Nagar: Rs 1,760 per sq.ft (2024)
• Baharathiyar Street /VOC Nagar: Rs 2,750 per sq.ft (2024)
• Babu Street, Sambandhanar Nagar: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Baharathiyar Street / Hindustan Lever Colony

For a 1,000 sq.ft plot at the current guideline value of Rs 2,530 per sq.ft, the total guideline value would be Rs 25,30,000. The stamp duty at 7% would amount to Rs 1,77,100, while the registration fee at 2% would be Rs 50,600. Together, the total cost for stamp duty and registration would be Rs 2,27,700. 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 Baharathiyar Street / Hindustan Lever Colony?

The Sub Registrar Office that covers Baharathiyar Street / Hindustan Lever Colony 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 Pammal

The guideline value plays a crucial role during the registration of property transactions in Pammal. It serves as a benchmark for determining the minimum price at which a property can be registered, ensuring transparency and fairness in property dealings.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the actual sale price, which can impact the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Baharathiyar Street / Hindustan Lever Colony?

The current guideline value of Baharathiyar Street / Hindustan Lever Colony is Rs 2,530 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased significantly from Rs 163 per sq.ft in 2002 to Rs 2,530 per sq.ft in 2024, representing an overall increase of 1452%.

What is the median guideline value in Pammal?

The median guideline value for streets in Pammal is Rs 2,090 per sq.ft, with Baharathiyar Street / Hindustan Lever Colony above this median at Rs 2,530 per sq.ft.

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

The stamp duty is charged at 7% of the guideline value, while the registration fee is 2%. For a property valued at Rs 25,30,000, the total fees would be Rs 2,27,700.

Where is the Sub Registrar Office for this street located?

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