Guideline Value for Ellango Street (Hindustan Lever Colony)

Ellango Street (Hindustan Lever Colony) guideline value

The current guideline value of Ellango Street (Hindustan Lever Colony) is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Pammal village, under the Pammal SRO, and is classified as Commercial Class I Type - II.

How the guideline value of Ellango Street (Hindustan Lever Colony) has changed

The guideline value for Ellango Street has seen significant changes over the years. In 2002, the guideline value was Rs 163 per sq.ft. This increased to Rs 185 per sq.ft in 2003, marking a 13% rise. The value continued to rise, reaching Rs 260 per sq.ft in 2007, which was a 41% increase from the previous revision. By 2017, the guideline value had surged to Rs 1,675 per sq.ft, reflecting a substantial 544% increase over the 2007 figure. The next revision in 2023 set the value at Rs 2,500 per sq.ft, a 49% increase from 2017. Finally, the current guideline value of Rs 2,750 per sq.ft, effective from 1 July 2024, represents a 10% increase from 2023.

It is important to note that there is no figure available for the 2012 revision for this street. Overall, from 2002 to 2024, the guideline value has increased by an impressive 1587%.

Guideline values in Pammal

Pammal village has a total of 926 streets under the Pammal SRO, with 2024 guideline values ranging from Rs 880 to Rs 3,300 per sq.ft. The median guideline value in this area is Rs 2,090 per sq.ft, placing Ellango Street (Hindustan Lever Colony) above this median value.

• Ellango Street (Anna Nagar): Rs 2,750 per sq.ft (2024)
• Ellango Street (Muthamazhi Nagar): Rs 2,475 per sq.ft (2024)
• Elumalai 2nd Lane (Thiruvallur Nagar): Rs 2,475 per sq.ft (2024)
• Elumalai Cross Street, Thiruvalluvar Nagar: Rs 2,475 per sq.ft (2024)
• Elumalai Street, Moovendhar Nagar: Rs 1,980 per sq.ft (2024)
• Elumalai Street (Thiruneermalai Salai): Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Ellango Street (Hindustan Lever Colony)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value would be Rs 27,50,000. The stamp duty, charged at 7%, would amount to Rs 1,92,500, while the registration fee at 2% would be Rs 55,000. Together, the total cost for stamp duty and registration fee would be Rs 2,47,500. 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 our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ellango Street (Hindustan Lever Colony)?

The Sub Registrar Office that covers Ellango Street (Hindustan Lever Colony) 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 details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Pammal. It is used to determine the stamp duty and registration fees that need to be paid during the transaction. Buyers should be aware that the guideline value may differ from the actual sale price, and the higher of the two will be used to calculate the applicable duties and fees.

When registering a property, it is essential to refer to the latest guideline value to ensure compliance with local regulations. This helps in avoiding any discrepancies that may arise during the registration process.

Frequently asked questions

What is the current guideline value of Ellango Street (Hindustan Lever Colony)?

The current guideline value of Ellango Street (Hindustan Lever Colony) is Rs 2,750 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 163 per sq.ft in 2002 to Rs 2,750 per sq.ft in 2024, which is an overall increase of 1587%.

What are the stamp duty and registration fees for properties in Ellango Street?

For a property valued at Rs 27,50,000, the stamp duty would be Rs 1,92,500 and the registration fee would be Rs 55,000, totaling Rs 2,47,500.

Which Sub Registrar Office covers Ellango Street?

The Pammal Sub Registrar Office covers Ellango Street (Hindustan Lever Colony), located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

How is the guideline value determined for properties in Pammal?

The guideline value is determined by the Registration Department and is based on various factors including land classification and location. It is revised periodically to reflect changes in the property market.