Guideline Value for Commissioner Colony 1st Street 2nd Cross Street

Commissioner Colony 1st Street 2nd Cross Street guideline value

The current guideline value of Commissioner Colony 1st Street 2nd Cross Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Pozhichalur village, under the Pammal SRO, and is classified as Commercial Class I Type - I.

How the guideline value of Commissioner Colony 1st Street 2nd Cross Street has changed

The guideline value for Commissioner Colony 1st Street 2nd Cross Street has seen several revisions over the years. The oldest recorded figure is from the 2017 revision, which 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 guideline value at Rs 2,200 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, 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, there are 299 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 4,500 per sq.ft. The median guideline value for these streets is Rs 1,320 per sq.ft, placing the 2024 figure for Commissioner Colony 1st Street 2nd Cross Street above that median.

• Commissioner Colony 1st Street (2): 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 2nd Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total to Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Commissioner Colony 1st Street 2nd Cross Street?

The Commissioner Colony 1st Street 2nd Cross Street falls under the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering a property in Pozhichalur. It serves as the basis for calculating stamp duty and registration fees, ensuring that the transaction is recorded accurately in the official register.

When buying or selling property, it is essential to consider the guideline value, as it reflects the legal value of the property for registration purposes. This value is used to determine the applicable fees, which are mandatory for all property transactions.

Frequently asked questions

What is the current guideline value of Commissioner Colony 1st Street 2nd Cross Street?

The current guideline value of Commissioner Colony 1st Street 2nd Cross Street 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% over these years.

What is the land classification for this street?

Commissioner Colony 1st Street 2nd Cross Street is classified as Commercial Class I Type - I.

Where can I find the registration office for this area?

The registration office for Commissioner Colony 1st Street 2nd Cross Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What are the stamp duty and registration fees based on the guideline value?

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 and the registration fee would be Rs 44,000, totaling Rs 1,98,000.