Guideline Value for Kannadasan Street (Hindustan Lever Colony)

Kannadasan Street (Hindustan Lever Colony) guideline value

The current guideline value of Kannadasan Street (Hindustan Lever Colony) 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 Kannadasan Street (Hindustan Lever Colony) has changed

The guideline value for Kannadasan Street 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 continued to rise to Rs 260 per sq.ft in 2007, reflecting a 41% increase. The 2017 revision showed a substantial jump to Rs 1,541 per sq.ft, representing a 493% increase from 2007. The next revision in 2023 set the value at Rs 2,300 per sq.ft, which was a 49% increase from 2017. The most recent revision in 2024 brought the value to Rs 2,530 per sq.ft, a 10% increase from the previous year.

It is important to note that there is no figure available for this street in the 2012 revision. Overall, from 2002 to 2024, the guideline value has increased by 1452%.

Guideline values in Pammal

Pammal village features a total of 926 streets under the Pammal SRO, with guideline values ranging from Rs 880 to Rs 3,300 per sq.ft. The median guideline value in this area is Rs 2,090 per sq.ft, placing the 2024 figure for Kannadasan Street (Hindustan Lever Colony) above this median.

• Kannadasan Street (Easwar Nagar): Rs 2,750 per sq.ft (2024)
• Kannageyi Street /Anna Nagar: Rs 2,750 per sq.ft (2024)
• Kannageyi Street (Gandhi Nagar): Rs 2,475 per sq.ft (2024)
• Kannageyi Street /Muthamzhi Nagar: Rs 2,475 per sq.ft (2024)
• Kannageyi Street /Ponni Nagar: Rs 1,980 per sq.ft (2024)
• Kannageyi Street /Shivashankaran Nagar: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Kannadasan 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 would be Rs 25,30,000. The stamp duty at 7% would amount to Rs 1,77,100, while the registration fee at 2% would be Rs 50,600. Together, the total fees would be 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 Kannadasan Street (Hindustan Lever Colony)?

The Sub Registrar Office that covers Kannadasan Street (Hindustan Lever Colony) is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. To find your SRO, you can visit this link.

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

The guideline value is a crucial factor in property transactions in Pammal. It is used to determine the stamp duty and registration fees that need to be paid during the registration process. Buyers and sellers must consider the guideline value when negotiating the sale price, as it influences the overall cost of the transaction.

When registering a property, the guideline value ensures that the government receives appropriate revenue from property transactions. This value serves as a benchmark for assessing property prices in the area, helping to maintain transparency in real estate dealings.

Frequently asked questions

What is the current guideline value of Kannadasan Street (Hindustan Lever Colony)?

The current guideline value of Kannadasan 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 increased significantly from Rs 163 per sq.ft in 2002 to Rs 2,530 per sq.ft in 2024, marking an overall increase of 1452% over this period.

What is the median guideline value in Pammal village?

The median guideline value in Pammal village is Rs 2,090 per sq.ft, with Kannadasan Street's 2024 figure being above this median.

What are the stamp duty and registration fees for properties in Kannadasan Street?

For a property valued at Rs 25,30,000, the stamp duty would be Rs 1,77,100 and the registration fee would be Rs 50,600, totaling Rs 2,27,700.

Which office handles property registrations for Kannadasan Street?

The Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, handles property registrations for Kannadasan Street.