Guideline Value for Karuppan Street / Hindustan Lever Colony

Karuppan Street / Hindustan Lever Colony guideline value

The current guideline value of Karuppan Street / Hindustan Lever Colony 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. It is classified as Residential Class I Type - I.

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

The guideline value for Karuppan Street / Hindustan Lever Colony has seen significant changes over the years. In 2002, the guideline 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, reflecting a 41% increase. From 2007 to 2017, the value surged to Rs 1,541 per sq.ft, a remarkable 493% increase. The next revision in 2017 set the value at Rs 1,541 per sq.ft, which was followed by an increase to Rs 2,300 per sq.ft in 2023, a 49% rise. The most recent revision in 2024 brought the guideline value to Rs 2,530 per sq.ft, an increase of 10% from the previous year.

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

Guideline values in Pammal

Pammal village has a total of 926 streets under the Pammal SRO, with guideline values ranging from Rs 880 to Rs 3,300 per sq.ft as of 2024. The median guideline value in this area is Rs 2,090 per sq.ft, placing the current value of Karuppan Street / Hindustan Lever Colony above this median.

• Kasthuribai Street, Dr. Ambedhkar Nagar: Rs 1,980 per sq.ft (2024)
• Kasturibai Street / Mungil Lake: Rs 1,980 per sq.ft (2024)
• Kasturibai Street / VOC Nagar: Rs 2,750 per sq.ft (2024)
• Kattabomman Street, Dr.Ambedhar Nagar: Rs 1,980 per sq.ft (2024)
• Karuappan Street / Pasumpon Nagar: Rs 1,980 per sq.ft (2024)
• Kattabooman Street (Mungil Lake): Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Karuppan 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, bringing the total to 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 the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Karuppan Street / Hindustan Lever Colony?

The Sub Registrar Office that covers Karuppan 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 information.

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

The guideline value is a crucial factor in the registration of property transactions in Pammal. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the official value of the property. Buyers should be aware that the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher, ensuring transparency in property transactions.

Frequently asked questions

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

The current guideline value of Karuppan Street / Hindustan Lever Colony is Rs 2,530 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 163 per sq.ft in 2002 to Rs 2,530 per sq.ft in 2024, which is an overall increase of 1452%.

What is the median guideline value in Pammal?

The median guideline value in Pammal is Rs 2,090 per sq.ft, which is below the current value of Karuppan Street / Hindustan Lever Colony.

What are the stamp duty and registration fees for property in this area?

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.

Where is the Sub Registrar Office located for this street?

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