Guideline Value for Commissioner Colony 4th Street

Commissioner Colony 4th Street guideline value

The current guideline value of Commissioner Colony 4th 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 4th Street has changed

The guideline value for Commissioner Colony 4th Street has seen significant changes over the years. In the 2017 revision, the guideline value was Rs 1,340 per sq.ft. This increased to Rs 2,000 per sq.ft in the 2023 revision, marking a 49% increase. The most recent revision in 2024 saw the guideline value rise to Rs 2,200 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%.

Guideline values in Pozhichalur

In Pozhichalur, 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 guideline value for these streets is Rs 1,320 per sq.ft, placing Commissioner Colony 4th Street's 2024 figure above this median.

• Commissioner Colony 3rd Street 1st Cross Street: Rs 2,200 per sq.ft (2024)
• Commissioner Colony 5th Street: Rs 2,200 per sq.ft (2024)
• Commissioner Colony 3rd Street: Rs 2,200 per sq.ft (2024)
• Commissioner Colony 6th Street: Rs 2,200 per sq.ft (2024)
• Commissioner Colony 2nd Street 1st Cross Street: Rs 2,200 per sq.ft (2024)
• Commissioner Colony Main Road (2): Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Commissioner Colony 4th 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 costs together 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.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Commissioner Colony 4th Street?

The Commissioner Colony 4th Street falls under 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 crucial aspect when registering property in Pozhichalur. It serves as a benchmark for determining the minimum price at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the transaction process.

When a property is bought or sold, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs associated with the transfer of ownership. This ensures that the transaction is recorded accurately in the official records maintained by the registration department.

Frequently asked questions

What is the current guideline value of Commissioner Colony 4th Street?

The current guideline value of Commissioner Colony 4th 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 a total increase of 64% over this period.

What are the other streets in Pozhichalur with the same guideline value?

Other streets in Pozhichalur under the Pammal SRO with a guideline value of Rs 2,200 per sq.ft include Commissioner Colony 3rd Street 1st Cross Street, Commissioner Colony 5th Street, Commissioner Colony 3rd Street, Commissioner Colony 6th Street, Commissioner Colony 2nd Street 1st Cross Street, and Commissioner Colony Main Road (2).

What fees are associated with buying property in Commissioner Colony 4th Street?

When buying property in Commissioner Colony 4th Street, the fees include stamp duty at 7% and a registration fee at 2% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Commissioner Colony 4th Street?

The Sub Registrar Office covering Commissioner Colony 4th Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.