Guideline Value for Commissioner Colony 5th Street

Commissioner Colony 5th Street guideline value

The current guideline value of Commissioner Colony 5th Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Pozhichalur village under the Pammal SRO, classified as Commercial Class I Type - I.

How the guideline value of Commissioner Colony 5th Street has changed

In the 2017 revision, the guideline value was Rs 1,340 per sq.ft. This figure increased significantly to Rs 2,000 per sq.ft in the 2023 revision, marking a change of 49%. The latest revision in 2024 saw another increase to Rs 2,200 per sq.ft, which is a 10% rise from the previous year.

There are no figures available for the years 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value has increased by 64%.

Guideline values in Pozhichalur

In Pozhichalur, there are 299 streets under the Pammal SRO that have a 2024 guideline value ranging from Rs 1,100 to Rs 4,500 per sq.ft, with a median of Rs 1,320 per sq.ft. Commissioner Colony 5th Street's 2024 figure of Rs 2,200 per sq.ft is above this median.

• Commissioner Colony 4th Street: Rs 2,200 per sq.ft (2024)
• Commissioner Colony 6th Street: Rs 2,200 per sq.ft (2024)
• Commissioner Colony 3rd Street 1st Cross Street: Rs 2,200 per sq.ft (2024)
• Commissioner Colony Main Road (2): Rs 2,200 per sq.ft (2024)
• Commissioner Colony 3rd Street: Rs 2,200 per sq.ft (2024)
• Commissioner Colony Main Road (3): Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Commissioner Colony 5th Street

For a 1,000 sq.ft plot at the current rate of Rs 2,200 per sq.ft, the guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, while the registration fee at 2% would be Rs 44,000, bringing the total to Rs 1,98,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Commissioner Colony 5th Street?

The Commissioner Colony 5th 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 information.

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

The guideline value is an essential reference point when registering property transactions in Pozhichalur. It helps determine the stamp duty and registration fees applicable to the transaction, ensuring compliance with local regulations.

When buying or selling property, the guideline value serves as a benchmark for the minimum value at which the property can be registered. This ensures transparency and fairness in property transactions within the region.

Frequently asked questions

What is the current guideline value of Commissioner Colony 5th Street?

The current guideline value of Commissioner Colony 5th 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 this period.

What is the land classification for Commissioner Colony 5th Street?

Commissioner Colony 5th Street is classified as Commercial Class I Type - I under the Pammal SRO.

Where can I find the registration office for Commissioner Colony 5th Street?

The registration office for Commissioner Colony 5th Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

How is stamp duty calculated for properties in Pozhichalur?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. The current rate for stamp duty is 7%, while the registration fee is 2% of the guideline value.