Guideline Value for Commissioner Colony 1st Street 4th Cross Street

Commissioner Colony 1st Street 4th Cross Street guideline value

The current guideline value of Commissioner Colony 1st Street 4th Cross Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Pozhichalur village and falls under the Pammal SRO. The land classification for this area is Commercial Class I Type - I.

How the guideline value of Commissioner Colony 1st Street 4th Cross Street has changed

Over the years, the guideline value for Commissioner Colony 1st Street 4th Cross Street has seen significant changes. The 2017 revision recorded a value of Rs 1,340 per sq.ft, which increased to Rs 2,000 per sq.ft in 2023. The latest revision in 2024 has further raised the value to Rs 2,200 per sq.ft, marking 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 there are no figures available for the revisions in 2002, 2003, 2007, and 2012. The increase from 2017 to 2023 was 49%, showing a substantial rise in the guideline value over these years.

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 in this village is Rs 1,320 per sq.ft, placing the 2024 figure for Commissioner Colony 1st Street 4th Cross Street above this median.

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

Stamp duty and registration fee for property in Commissioner Colony 1st Street 4th 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 be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total fees to Rs 1,98,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Commissioner Colony 1st Street 4th Cross Street?

The Commissioner Colony 1st Street 4th Cross Street is covered by 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 Pozhichalur

The guideline value is a critical factor when registering property transactions in Pozhichalur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value helps both parties understand the official valuation of the property. This ensures transparency in transactions and helps prevent undervaluation or overvaluation during the registration process.

Frequently asked questions

What is the current guideline value for Commissioner Colony 1st Street 4th Cross Street?

The current guideline value for Commissioner Colony 1st Street 4th 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 changed from Rs 1,340 per sq.ft in 2017 to Rs 2,200 per sq.ft in 2024, showing an overall increase of 64% over these years.

What is the median guideline value in Pozhichalur?

The median guideline value in Pozhichalur is Rs 1,320 per sq.ft, with Commissioner Colony 1st Street 4th Cross Street's value being above this median.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office covering this area is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

How are stamp duty and registration fees calculated?

Stamp duty is calculated at 7% of the guideline value or sale price, whichever is higher, while the registration fee is charged at 2% of the guideline value. For example, for a 1,000 sq.ft plot, the total fees would amount to Rs 1,98,000.