Guideline Value for A.M.Jain College Staff Colony/Jain Staff Colony

A.M.Jain College Staff Colony/Jain Staff Colony guideline value

The current guideline value for A.M.Jain College Staff Colony/Jain Staff Colony is Rs 3,900 per sq.ft, effective from 1 July 2024. This property is located in Thalakanancherry village under the Alandur SRO, classified as Residential Class I Type - III.

How the guideline value of A.M.Jain College Staff Colony/Jain Staff Colony has changed

Over the years, the guideline value for A.M.Jain College Staff Colony/Jain Staff Colony has seen several revisions. The 2012 revision set the value at Rs 3,500 per sq.ft, which was then reduced to Rs 2,345 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 3,500 per sq.ft, before the latest 2024 revision established the current rate at Rs 3,900 per sq.ft.

In terms of percentage changes, there was a decrease of 33% from 2012 to 2017. However, from 2017 to 2023, there was a significant increase of 49%. The overall change from 2012 to 2024 shows an increase of 11% in the guideline value.

Guideline values in Thalakanancherry

Thalakanancherry village has a total of 318 streets under the Alandur SRO, with guideline values ranging from Rs 2,200 to Rs 5,500 per sq.ft. The median guideline value for these streets is Rs 3,900 per sq.ft, which is equal to the current guideline value of A.M.Jain College Staff Colony/Jain Staff Colony.

• Ambethkar Street: Rs 2,200 per sq.ft (2024)
• Amman Koil Street (Gandhi Nagar): Rs 2,200 per sq.ft (2024)
• A G S Colony: Rs 4,400 per sq.ft (2024)
• Annasalai: Rs 2,800 per sq.ft (2024)
• Anna Street: Rs 2,800 per sq.ft (2024)
• Arul Jothi Nagar: Rs 2,800 per sq.ft (2024)

Stamp duty and registration fee for property in A.M.Jain College Staff Colony/Jain Staff Colony

For a 1,000 sq.ft plot at the current guideline value of Rs 3,900 per sq.ft, the total guideline value would be Rs 39,00,000. The stamp duty at 7% would amount to Rs 2,73,000, while the registration fee at 2% would be Rs 78,000. Together, the total cost for stamp duty and registration would be Rs 3,51,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers A.M.Jain College Staff Colony/Jain Staff Colony?

The A.M.Jain College Staff Colony/Jain Staff Colony is covered by the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Thalakanancherry. It serves as a benchmark for calculating stamp duty and registration fees when buying or selling property. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When a property is sold, the higher of the guideline value or the sale price is used to determine the applicable duties and fees. This ensures that the government receives the correct amount of revenue from property transactions, based on the established guideline value.

Frequently asked questions

What is the current guideline value for A.M.Jain College Staff Colony/Jain Staff Colony?

The current guideline value for A.M.Jain College Staff Colony/Jain Staff Colony is Rs 3,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,500 per sq.ft in 2012 to Rs 2,345 per sq.ft in 2017, then increased to Rs 3,500 per sq.ft in 2023, and finally to Rs 3,900 per sq.ft in 2024.

What is the land classification for this area?

A.M.Jain College Staff Colony/Jain Staff Colony is classified as Residential Class I Type - III under the Alandur SRO.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 39,00,000, the stamp duty would be Rs 2,73,000 and the registration fee would be Rs 78,000, totaling Rs 3,51,000.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office covering A.M.Jain College Staff Colony/Jain Staff Colony is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.