Guideline Value for H.L. Colony,1st Cross Street,

H.L. Colony,1st Cross Street, guideline value

The current guideline value of H.L. Colony,1st Cross Street, 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 H.L. Colony,1st Cross Street, has changed

The guideline value for H.L. Colony,1st Cross Street, has undergone several revisions over the years. The earliest recorded revision is from 2017, with a guideline value of Rs 1,675 per sq.ft. This increased to Rs 2,500 per sq.ft in 2023, marking a significant rise of 49%. The latest revision in 2024 set the guideline value at Rs 2,750 per sq.ft, reflecting 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 recorded figures for this street in the revisions from 2002, 2003, 2007, and 2012.

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 guideline value for these streets is Rs 2,090 per sq.ft, placing H.L. Colony,1st Cross Street, above this median.

• H.L. Colony,2nd Cross Street: Rs 2,530 per sq.ft (2024)
• H.L. Colony ,Cross Street: Rs 2,530 per sq.ft (2024)
• H.L.Lever colony/Anna Nagar: 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,1st Cross Street,

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 at 7% would amount to Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, bringing the total fees together to Rs 2,47,500. Please note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers H.L. Colony,1st Cross Street,?

The Sub Registrar Office that covers H.L. Colony,1st Cross Street, is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. You can find your SRO for additional information.

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

The guideline value is a critical factor in property transactions in Pammal, as it serves as a reference point for determining the stamp duty and registration fees. When a property is sold, the buyer must pay these fees based on the higher of the guideline value or the actual sale price.

It is essential for buyers and sellers to be aware of the current guideline value to ensure compliance with registration requirements and to avoid any discrepancies during the transaction process.

Frequently asked questions

What is the current guideline value for H.L. Colony,1st Cross Street?

The current guideline value for H.L. Colony,1st Cross Street, is Rs 2,750 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 1,675 per sq.ft to Rs 2,750 per sq.ft in 2024, marking an overall increase of 64%.

What is the classification of H.L. Colony,1st Cross Street?

H.L. Colony,1st Cross Street, is classified as Commercial Class I Type - II.

Where can I find the Pammal Sub Registrar Office?

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

How is stamp duty calculated for properties in H.L. Colony,1st Cross Street?

Stamp duty is calculated at 7% of the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at the current guideline value, the stamp duty would be Rs 1,92,500.