Guideline Value for H.L. Colony ,Cross Street

H.L. Colony ,Cross Street guideline value

The current guideline value for H.L. Colony ,Cross Street is Rs 2,530 per sq.ft, effective from 1 July 2024. This street is located in Pammal village, under the Pammal SRO, and is classified as Residential Class I Type - I.

How the guideline value of H.L. Colony ,Cross Street has changed

Over the years, the guideline value for H.L. Colony ,Cross Street has seen significant changes. The 2017 revision recorded a value of Rs 1,541 per sq.ft, which increased to Rs 2,300 per sq.ft in the 2023 revision, marking a 49% increase. The current 2024 revision shows a further increase to Rs 2,530 per sq.ft, which is a 10% rise from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 64%. It is important to note that the register does not have figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Pammal

In Pammal, there are 926 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 3,300 per sq.ft. The median value for these streets is Rs 2,090 per sq.ft, making the 2024 figure for H.L. Colony ,Cross Street above this median.

• H.L. Colony,2nd Cross Street: Rs 2,530 per sq.ft (2024)
• H.L.Lever colony/Anna Nagar: Rs 2,750 per sq.ft (2024)
• H.L. Colony,1st Cross Street,: Rs 2,750 per sq.ft (2024)
• Hindustan Lever Colony 1st Main Road: Rs 2,530 per sq.ft (2024)
• Ibrahaim Motha Street: Rs 1,980 per sq.ft (2024)
• Indira Gandhi Street, Muthamiaz Nagar: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in H.L. Colony ,Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,530 per sq.ft, the total guideline value amounts to Rs 25,30,000. The stamp duty at 7% would be Rs 1,77,100, and the registration fee at 2% would be Rs 50,600, bringing the total fees together to Rs 2,27,700. It is important to note that 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 H.L. Colony ,Cross Street?

The H.L. Colony ,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 details.

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

The guideline value plays a crucial role during property registration in Pammal. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the actual sale price of the property.

Frequently asked questions

What is the current guideline value for H.L. Colony ,Cross Street?

The current guideline value for H.L. Colony ,Cross Street is Rs 2,530 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,541 per sq.ft in 2017 to Rs 2,530 per sq.ft in 2024, reflecting a total increase of 64% over this period.

What is the stamp duty for property in H.L. Colony ,Cross Street?

The stamp duty for property in H.L. Colony ,Cross Street is 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for H.L. Colony ,Cross Street located?

The Pammal Sub Registrar Office is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone.

What is the land classification for H.L. Colony ,Cross Street?

The land classification for H.L. Colony ,Cross Street is Residential Class I Type - I.