Guideline Value for Prabhakaran Street / Hindustan Lever Colony

Prabhakaran Street / Hindustan Lever Colony guideline value

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

The guideline value for Prabhakaran Street / Hindustan Lever Colony has undergone several revisions since 2002. In 2002, the guideline value was Rs 163 per sq.ft, which increased to Rs 185 per sq.ft in 2003, marking a change of +13%. By 2007, the value further rose to Rs 300 per sq.ft, representing a +62% increase from the previous revision. The most recent revision in 2024 set the guideline value at Rs 2,530 per sq.ft, which is a significant increase of +743% from 2007. Overall, from 2002 to 2024, the guideline value has increased by +1452%.

It is important to note that there are no figures available for the years 2012, 2017, and 2023 for this street in the register.

Guideline values in Pammal

In Pammal, there are a total of 926 streets under the Pammal SRO that carry a guideline value for 2024, 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 Prabhakaran Street / Hindustan Lever Colony above this median.

• Prabhudas Street / Pasumpon Nagar: Rs 1,980 per sq.ft (2024)
• Pozhichallur Main Road, Pasumpon Nagar: Rs 2,750 per sq.ft (2024)
• Prabhu Street: Rs 1,760 per sq.ft (2024)
• Pragalathan Street, Shankar Nagar: Rs 2,750 per sq.ft (2024)
• Pragalathan Street /VOC Nagar: Rs 2,750 per sq.ft (2024)
• Poonga Street, V.O.C Nagar: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Prabhakaran 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 amounts to Rs 25,30,000. The stamp duty at 7% would be Rs 1,77,100, and the registration fee at 2% would be Rs 50,600, leading to a total cost of Rs 2,27,700. It is important to note that stamp duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

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

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

When buying or selling property, the guideline value must be considered as it affects the overall costs involved in the transaction. Buyers need to be aware of these values to make informed decisions and budget accordingly for the additional costs associated with registration.

Frequently asked questions

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

The current guideline value of Prabhakaran 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?

Since 2002, the guideline value has increased from Rs 163 per sq.ft to Rs 2,530 per sq.ft in 2024, marking an overall increase of +1452%.

What is the registration office for Prabhakaran Street / Hindustan Lever Colony?

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

What are the stamp duty and registration fees for properties 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 can I find more information about guideline values in Pammal?

More information about guideline values in Pammal can be found in the registration department's guideline value register (TNReginet) and through the Pammal SRO.