Guideline Value for Maruthupandiyar Street /Hindustan Lever Colony

Maruthupandiyar Street /Hindustan Lever Colony guideline value

The current guideline value of Maruthupandiyar 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. The land classification for this area is Residential Class I Type - I.

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

The guideline value of Maruthupandiyar Street /Hindustan Lever Colony has seen significant changes over the years. In 2002, the guideline value was Rs 163 per sq.ft. This 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, which was a 41% increase from the previous revision. By 2017, the guideline value reached Rs 1,541 per sq.ft, reflecting a substantial 493% increase from 2007. The 2023 revision set the value at Rs 2,300 per sq.ft, a 49% increase from 2017. The current 2024 revision shows a further increase to Rs 2,530 per sq.ft, which is a 10% rise from 2023.

It is important to note that there is no figure available for the 2012 revision 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 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. The guideline value of Maruthupandiyar Street /Hindustan Lever Colony is above this median.

• Maruthi Street /Krishna Nagar: Rs 2,530 per sq.ft (2024)
• Maruthi Street, Anna Nagar: Rs 2,750 per sq.ft (2024)
• Masooran Street, Moovendhar Nagar: Rs 1,980 per sq.ft (2024)
• Masthan Sahib Street / Nehru Nagar: Rs 1,980 per sq.ft (2024)
• Masthan Sherif Street / Nehru Nagar: Rs 1,980 per sq.ft (2024)
• Masuran Street, Pasumpon Nagar: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Maruthupandiyar 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 fees to Rs 2,27,700. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more information.

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

The Sub Registrar Office that covers Maruthupandiyar 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 in the registration process for property transactions in Pammal. When buying or selling property, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that these costs are based on an official valuation rather than the sale price alone.

This system helps maintain transparency in property transactions and ensures that the government receives the appropriate revenue from property sales. Buyers and sellers should be aware of the current guideline value to accurately calculate their costs during the registration process.

Frequently asked questions

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

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

What is the land classification for Maruthupandiyar Street /Hindustan Lever Colony?

Maruthupandiyar Street /Hindustan Lever Colony is classified as Residential Class I Type - I.

What is the registration office for properties in Pammal?

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

How is stamp duty calculated for properties in Pammal?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 25,30,000, the stamp duty would be calculated at 7% of this amount.