Guideline Value for Commissioner Colony 1st Street (2)

Commissioner Colony 1st Street (2) guideline value

The current guideline value of Commissioner Colony 1st Street (2) is Rs 2,200 per sq.ft, effective from 1 July 2024. This property is located in Pozhichalur village, under the Pammal SRO, and falls under the Commercial Class I Type - I land classification.

How the guideline value of Commissioner Colony 1st Street (2) has changed

The guideline value for Commissioner Colony 1st Street (2) has seen several revisions over the years. The earliest recorded figure is from 2017, where the value was Rs 1,340 per sq.ft. This increased to Rs 2,000 per sq.ft in the 2023 revision, marking a significant rise of 49%. The most recent revision in 2024 set the value at Rs 2,200 per sq.ft, which is a 10% increase from the previous year.

Overall, the guideline value has increased by 64% from Rs 1,340 per sq.ft in 2017 to Rs 2,200 per sq.ft in 2024. 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, there are a total of 299 streets under the Pammal SRO that carry a 2024 guideline value. These values range from Rs 1,100 to Rs 4,500 per sq.ft, with a median value of Rs 1,320 per sq.ft. The guideline value of Rs 2,200 per sq.ft for Commissioner Colony 1st Street (2) is above this median.

• Commissioner Colony 1st Street 2nd Cross Street: Rs 2,200 per sq.ft (2024)
• Commissioner Colony 1st Street (3): Rs 2,200 per sq.ft (2024)
• Commissioner Colony 1st Street 3rd Cross Street: Rs 2,200 per sq.ft (2024)
• Commissioner Colony 1st Street 4th Cross Street: Rs 2,200 per sq.ft (2024)
• Commissioner Colony 2nd Street 1st Cross Street: Rs 2,200 per sq.ft (2024)
• Commissioner Colony 3rd Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Commissioner Colony 1st Street (2)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, making the total charges Rs 1,98,000. It is important to note that the 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 detailed calculations.

Which Sub Registrar Office covers Commissioner Colony 1st Street (2)?

The Sub Registrar Office that covers Commissioner Colony 1st Street (2) 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 when buying or selling property in Pozhichalur. It serves as a benchmark for determining the applicable stamp duty and registration fees, which are calculated based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Commissioner Colony 1st Street (2)?

The current guideline value of Commissioner Colony 1st Street (2) is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,340 per sq.ft in 2017 to Rs 2,200 per sq.ft in 2024, marking an overall increase of 64%. The value was Rs 2,000 per sq.ft in 2023, reflecting a 10% increase from the previous year.

What is the land classification for this street?

Commissioner Colony 1st Street (2) falls under the Commercial Class I Type - I land classification.

What are the stamp duty and registration fees for a property here?

For a 1,000 sq.ft property at the current guideline value, the total guideline value is Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, totaling Rs 1,98,000.

Where is the Sub Registrar Office located?

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