Guideline Value for Police Commisioner Colony

Police Commisioner Colony guideline value

The current guideline value of Police Commisioner Colony is Rs 2,200 per sq.ft, effective from 1 July 2024. This area is located in Pozhichalur village and falls under the Pammal SRO. The land classification for this street is Commercial Class I Type - I.

How the guideline value of Police Commisioner Colony has changed

The guideline value for Police Commisioner Colony has seen significant changes over the years. In the 2007 revision, the guideline value was Rs 300 per sq.ft, which increased to Rs 1,340 per sq.ft in 2017, marking a substantial rise of 347%. The 2023 revision set the value at Rs 2,000 per sq.ft, reflecting a 49% increase from the previous revision. The most recent 2024 revision has raised the guideline value to Rs 2,200 per sq.ft, a 10% increase from 2023.

There are no figures available for the years 2002, 2003, and 2012 for this street in the register. Overall, from 2007 to 2024, the guideline value has increased by 633%.

Guideline values in Pozhichalur

In Pozhichalur, there are 299 streets under the Pammal SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 4,500 per sq.ft. The median value for these streets is Rs 1,320 per sq.ft, placing Police Commisioner Colony's 2024 figure above this median.

• Pilliyar Koil Street (8): Rs 2,200 per sq.ft (2024)
• Pilliyar Koil Street (15): Rs 2,200 per sq.ft (2024)
• Pilliyar Koil Cross Street: Rs 2,200 per sq.ft (2024)
• Poonurangam Nagar: Rs 1,320 per sq.ft (2024)
• Pillaiyar Koil Street: Rs 2,200 per sq.ft (2024)
• Pozhichalur Main Road: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Police Commisioner Colony

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total to Rs 1,98,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Police Commisioner Colony?

The Police Commisioner Colony is covered by 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 Pozhichalur

The guideline value plays a crucial role in the registration process when buying or selling property in Pozhichalur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is used to calculate the applicable fees, ensuring that both parties are aware of the financial obligations involved in the transfer of ownership. It is essential for buyers and sellers to understand this value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Police Commisioner Colony?

The current guideline value of Police Commisioner Colony is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 300 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2024, marking an overall increase of 633%.

What are the stamp duty and registration fees for property in Police Commisioner Colony?

The stamp duty is charged at 7% and the registration fee at 2% of the guideline value or sale price, whichever is higher. For a 1,000 sq.ft plot, the total fees would amount to Rs 1,98,000.

Which Sub Registrar Office covers Police Commisioner Colony?

The Pammal Sub Registrar Office covers Police Commisioner Colony, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What is the significance of the guideline value in property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions. It ensures transparency and helps both buyers and sellers understand their financial obligations.