Guideline Value for Raja Street / Hindustan Lever Colony

Raja Street / Hindustan Lever Colony guideline value

The current guideline value for Raja Street / Hindustan Lever Colony is Rs 2,530 per sq.ft, effective from 1 July 2024. This area is located in Pammal village and falls under the Pammal SRO with a land classification of Residential Class I Type - I.

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

The guideline value for Raja Street / Hindustan Lever Colony has seen significant changes over the years. Starting from Rs 163 per sq.ft in 2002, the value rose to Rs 185 per sq.ft in 2003, marking a 13% increase. By 2007, the guideline value had increased to Rs 260 per sq.ft, reflecting a 41% rise. The following revision in 2017 saw a dramatic jump to Rs 1,541 per sq.ft, which is a staggering increase of 493%. In 2023, the value further increased to Rs 2,300 per sq.ft, a 49% rise from the previous revision. The current value of Rs 2,530 per sq.ft represents a 10% increase 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

In Pammal, there are 926 streets under the Pammal SRO that have a 2024 guideline value ranging from Rs 880 to Rs 3,300 per sq.ft. The median value for these streets is Rs 2,090 per sq.ft, placing Raja Street / Hindustan Lever Colony above this median.

• Raja Street (M.C.): Rs 1,980 per sq.ft (2024)
• Rajarajan Street (Anna Nagar): Rs 2,750 per sq.ft (2024)
• Rajan Street / Meenakshi Nagar: Rs 1,980 per sq.ft (2024)
• Rajangam Street / VOC Nagar: Rs 2,750 per sq.ft (2024)
• Rajangam Street / Shivashankaran Nagar: Rs 1,980 per sq.ft (2024)
• Rajamani Street: Rs 1,760 per sq.ft (2024)

Stamp duty and registration fee for property in Raja Street / Hindustan Lever Colony

For a 1,000 sq.ft plot at the current guideline value of Rs 2,530 per sq.ft, the guideline value amounts to Rs 25,30,000. The stamp duty at 7% would be Rs 1,77,100, while the registration fee at 2% would be Rs 50,600, totaling 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.

For more information, you can use our stamp duty and registration fee calculator.

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

The Raja 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 further assistance.

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

The guideline value is a crucial factor when registering property transactions in Pammal. It serves as a benchmark for determining the minimum price at which a property can be registered, ensuring that the registration fees and stamp duties are calculated accordingly.

When buying or selling property, the guideline value impacts the overall cost of the transaction. Buyers must be aware of the guideline value to understand the financial implications, including the stamp duty and registration fees that will be incurred during the registration process.

Frequently asked questions

What is the current guideline value for Raja Street / Hindustan Lever Colony?

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

How has the guideline value changed over the years?

The guideline value has increased 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 the years.

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

The registration office for Raja 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 property in this area?

The stamp duty is charged at 7% of the guideline value, while the registration fee is 2%. For example, for a 1,000 sq.ft plot, the total fees would be Rs 2,27,700.

Where can I find more information about the guideline values in Pammal?

For more details on guideline values in Pammal, you can refer to the official registration department's guideline value register or consult the Pammal SRO.