Guideline Value for Nagarathinam Street / Hindustan Lever Colony

Nagarathinam Street / Hindustan Lever Colony guideline value

The current guideline value of Nagarathinam 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 Nagarathinam Street / Hindustan Lever Colony has changed

The guideline value has seen significant changes over the years. In 2002, the value was Rs 188 per sq.ft, which increased to Rs 213 per sq.ft in 2003, marking a rise of 13%. By the 2007 revision, the value reached Rs 360 per sq.ft, reflecting a 69% increase from 2003. However, there are no figures available for the years 2012, 2017, and 2023 for this street.

The most recent revision in 2024 shows a substantial jump to Rs 2,530 per sq.ft, which is a remarkable increase of 603% from the 2007 figure. Overall, from 2002 to 2024, the guideline value has increased by 1246%.

Guideline values in Pammal

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

• Nagarathinam Street / Gandhi Nagar: Rs 2,475 per sq.ft (2024)
• Nagarathinam Street / Pasumpon Nagar: Rs 2,475 per sq.ft (2024)
• Nagarathinam Street, Easwaran Nagar: Rs 2,750 per sq.ft (2024)
• Nagarathinam Street / Anna Salai: Rs 2,530 per sq.ft (2024)
• Nagelkeni: Rs 1,980 per sq.ft (2024)
• Nagelkeni, Cross Street: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Nagarathinam 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, and 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 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 Nagarathinam Street / Hindustan Lever Colony?

The Nagarathinam Street / Hindustan Lever Colony falls under 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 critical factor in the registration process of property transactions in Pammal. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When a property is registered, the guideline value is used to ensure that the transaction is documented at a fair value, which aids in maintaining transparency in property dealings. Buyers and sellers should be aware of the current guideline value to accurately calculate their expenses during the registration process.

Frequently asked questions

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

The current guideline value of Nagarathinam 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 increased significantly from Rs 188 per sq.ft in 2002 to Rs 2,530 per sq.ft in 2024, marking an overall increase of 1246%.

What is the median guideline value for streets in Pammal?

The median guideline value for the 926 streets in Pammal is Rs 2,090 per sq.ft, with Nagarathinam Street / Hindustan Lever Colony being above this median.

What are the stamp duty and registration fees for properties on this 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 the registration for Nagarathinam Street / Hindustan Lever Colony?

The Pammal Sub Registrar Office handles the registration for Nagarathinam Street / Hindustan Lever Colony, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.