Guideline Value for HIGHWAYS CO.OP.SOCIETY LAYOUT

Highways Co.Op.Society Layout guideline value

The current guideline value of Highways Co.Op.Society Layout is Rs 3,520 per sq.ft, effective from 1 July 2024. This layout is located in Zaminpallavaram village, under the Pallavaram SRO, and is classified as Residential Class I Type - I.

How the guideline value of Highways Co.Op.Society Layout has changed

Since the 2012 revision, the guideline value for Highways Co.Op.Society Layout has seen a 10% increase, moving from Rs 3,200 per sq.ft to Rs 3,520 per sq.ft in the 2024 revision. The 2023 revision maintained the same value of Rs 3,200 per sq.ft, indicating no change from the previous year.

The register does not have figures for the years 2002, 2003, 2007, and 2017 for this street. Therefore, the only revisions available are from 2012, 2023, and 2024, with the most recent revision reflecting a significant update in the guideline value.

Guideline values in Zaminpallavaram

In Zaminpallavaram, there are 638 streets under the Pallavaram SRO with a 2024 guideline value range from Rs 2,100 to Rs 11,000 per sq.ft. The median value for these streets is Rs 3,300 per sq.ft, placing the guideline value of Highways Co.Op.Society Layout above this median.

• High Way Nagar West R.K.V.Avenue Extention: Rs 2,200 per sq.ft (2024)
• I.H.F.D. Nagar: Rs 4,400 per sq.ft (2024)
• Harijan Colony Cross Street: Rs 2,100 per sq.ft (2024)
• Harijan Colony: Rs 2,160 per sq.ft (2024)
• Harbar Kuvari Street: Rs 2,100 per sq.ft (2024)
• Illangovan Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Highways Co.Op.Society Layout

For a 1,000 sq.ft plot at the current guideline value of Rs 3,520 per sq.ft, the total guideline value amounts to Rs 35,20,000. The stamp duty at 7% would be Rs 2,46,400, and the registration fee at 2% would be Rs 70,400, leading to a total of Rs 3,16,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Highways Co.Op.Society Layout?

The Highways Co.Op.Society Layout falls under the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Zaminpallavaram, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When registering a property, the guideline value is used to calculate applicable stamp duty and registration fees. This ensures that both parties are aware of the financial obligations involved in the transaction.

Frequently asked questions

What is the current guideline value of Highways Co.Op.Society Layout?

The current guideline value of Highways Co.Op.Society Layout is Rs 3,520 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased by 10% from Rs 3,200 per sq.ft in 2023 to Rs 3,520 per sq.ft in 2024. There was no change in the value between 2012 and 2023.

What is the land classification for Highways Co.Op.Society Layout?

Highways Co.Op.Society Layout is classified as Residential Class I Type - I, indicating its suitability for residential purposes.

Where can I find the Sub Registrar Office for this layout?

The Sub Registrar Office covering Highways Co.Op.Society Layout is the Pallavaram SRO, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property valued at Rs 35,20,000 would incur a stamp duty of Rs 2,46,400 at 7%.