Guideline Value for Kakkan Cross Street /Hindustan Lever Colony

Kakkan Cross Street /Hindustan Lever Colony guideline value

The current guideline value of Kakkan Cross Street /Hindustan Lever Colony is Rs 2,530 per sq.ft, effective from 1 July 2024. This property is located in Pammal village, under the Pammal SRO, and is classified as Residential Class I Type - I.

How the guideline value of Kakkan Cross Street /Hindustan Lever Colony has changed

The guideline value for Kakkan Cross Street /Hindustan Lever Colony has seen significant changes over the years. In 2002, the value was Rs 163 per sq.ft, which increased to Rs 185 per sq.ft in 2003, marking a 13% rise. The value then rose to Rs 260 per sq.ft in 2007, a 41% increase from the previous revision. By 2017, the guideline value jumped dramatically to Rs 1,541 per sq.ft, reflecting a 493% increase from 2007. The 2023 revision set the value at Rs 2,300 per sq.ft, a 49% increase from 2017. The latest revision in 2024 has further increased the value to Rs 2,530 per sq.ft, which is a 10% rise from 2023. It is important to note that the register has no figure for this street in 2012.

Guideline values in Pammal

Pammal village has a total of 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 Kakkan Cross Street /Hindustan Lever Colony above this median.

• Kakkan 2nd Cross Street, H.L. Colony: Rs 2,530 per sq.ft (2024)
• Kakkan Street / Hindustan Lever Colony: Rs 2,530 per sq.ft (2024)
• Kaladharan Street / Meenakshi Nagar: Rs 1,980 per sq.ft (2024)
• Kadar Basha Street: Rs 1,760 per sq.ft (2024)
• Kalaingar Salai /Anna Nagar: Rs 2,750 per sq.ft (2024)
• Kalaingar Salai/ Cross Street / Anna Nagar: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Kakkan Cross Street /Hindustan Lever Colony

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 and the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kakkan Cross Street /Hindustan Lever Colony?

The Sub Registrar Office that covers Kakkan Cross Street /Hindustan Lever Colony 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 details.

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

The guideline value plays a crucial role when buying or selling property in Pammal. It serves as a benchmark for the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure that the transaction adheres to legal requirements.

When registering property, the guideline value is used to calculate the stamp duty and registration fees. These fees are based on the higher of the guideline value or the sale price, ensuring that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Kakkan Cross Street /Hindustan Lever Colony?

The current guideline value of Kakkan Cross Street /Hindustan Lever Colony 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 significantly from Rs 163 per sq.ft in 2002 to Rs 2,530 per sq.ft in 2024, reflecting an overall increase of 1452% over the years.

What is the registration fee for property in Kakkan Cross Street /Hindustan Lever Colony?

The registration fee is calculated at 2% of the guideline value. For a property valued at Rs 25,30,000, the registration fee would be Rs 50,600.

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

The Sub Registrar Office for Kakkan Cross Street /Hindustan Lever Colony is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What is the significance of the guideline value?

The guideline value is significant as it determines the minimum value for property registration and is used to calculate stamp duty and registration fees during property transactions.