Guideline Value for H.L. Colony,2nd Cross Street

H.L. Colony,2nd Cross Street guideline value

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

How the guideline value of H.L. Colony,2nd Cross Street has changed

Over the years, the guideline value of H.L. Colony,2nd Cross Street has seen significant changes. The most recent revision in 2024 set the value at Rs 2,530 per sq.ft, which is an increase from Rs 2,300 per sq.ft in 2023, marking a 10% rise. Prior to that, in 2017, the value was Rs 1,541 per sq.ft, showing a substantial increase of 49% to the 2023 figure. Overall, from 2017 to 2024, the guideline value has increased by 64%.

The register has no figures for the years 2002, 2003, 2007, and 2012 for this street. This indicates that there were no recorded changes in the guideline value during those years.

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, with a median value of Rs 2,090 per sq.ft. H.L. Colony,2nd Cross Street's 2024 guideline value of Rs 2,530 per sq.ft is above this median.

• H.L. Colony,1st Cross Street: Rs 2,750 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,2nd 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, while the registration fee at 2% would be Rs 50,600. Together, these fees total Rs 2,27,700. 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 H.L. Colony,2nd Cross Street?

The Sub Registrar Office that covers H.L. Colony,2nd 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 more 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. It is used to determine the stamp duty and registration fees that must be paid when a property is bought or sold. This value serves as a benchmark for the official assessment of property transactions.

When a buyer or seller engages in a property transaction, the guideline value ensures that the transaction is recorded accurately for legal and taxation purposes. It helps maintain transparency in the real estate market by providing a standardized value for properties within a specific area.

Frequently asked questions

What is the current guideline value of H.L. Colony,2nd Cross Street?

The current guideline value of H.L. Colony,2nd 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 changed from Rs 1,541 per sq.ft in 2017 to Rs 2,530 per sq.ft in 2024, marking an overall increase of 64% over the years.

What is the land classification for H.L. Colony,2nd Cross Street?

The land classification for H.L. Colony,2nd Cross Street is Residential Class I Type - I.

How does the guideline value affect property transactions?

The guideline value affects property transactions by determining the stamp duty and registration fees that must be paid. It serves as a benchmark for the official assessment of property transactions.

Where can I find the Sub Registrar Office for H.L. Colony,2nd Cross Street?

The Sub Registrar Office for H.L. Colony,2nd Cross Street is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone.