Guideline Value for Civil Aviyesation Colony

Civil Aviyesation Colony guideline value

The current guideline value of Civil Aviyesation Colony in Thalakanancherry village, under the Alandur SRO, is Rs 4,400 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class I Type - II land classification.

How the guideline value of Civil Aviyesation Colony has changed

The guideline value for Civil Aviyesation Colony has seen several revisions over the years. In 2007, the value was Rs 1,700 per sq.ft, which increased to Rs 4,000 per sq.ft in 2012. This was followed by a decrease to Rs 2,680 per sq.ft in 2017. The value then rose significantly to Rs 4,000 per sq.ft in 2023 and further increased to Rs 4,400 per sq.ft in 2024, reflecting a 10% rise from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 159%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Thalakanancherry

In Thalakanancherry, there are 318 streets under the Alandur SRO, with guideline values ranging from Rs 2,200 to Rs 5,500 per sq.ft. The median value for the area is Rs 3,900 per sq.ft, making the current guideline value of Civil Aviyesation Colony above this median.

• Daskant Colony: Rs 4,400 per sq.ft (2024)
• Burma Tamizhar Colony First Street: Rs 2,200 per sq.ft (2024)
• Burma Tamizhar Colony 4th Cross Street: Rs 2,200 per sq.ft (2024)
• Burma Tamizhar Colony 3rd Street: Rs 2,200 per sq.ft (2024)
• Burma Tamizhar Colony 2nd Street: Rs 2,200 per sq.ft (2024)
• Dhuraisamy Garden /Thottam: Rs 3,900 per sq.ft (2024)

Stamp duty and registration fee for property in Civil Aviyesation Colony

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total cost for these fees to Rs 3,96,000. 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 Civil Aviyesation Colony?

The Civil Aviyesation Colony falls under the jurisdiction of 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 the registration process when buying or selling property in Thalakanancherry. It determines the minimum value at which a property can be registered, and all associated fees, such as stamp duty and registration fees, are calculated based on this value.

When a property is sold, the seller must ensure that the sale price is at least equal to the guideline value to avoid legal complications. This ensures transparency and fairness in property transactions within the region.

Frequently asked questions

What is the current guideline value of Civil Aviyesation Colony?

The current guideline value of Civil Aviyesation Colony is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,700 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of 159% over this period.

What are the stamp duty rates for properties in this area?

The stamp duty for properties in Civil Aviyesation Colony is 7% of the guideline value or sale price, whichever is higher.

What is the registration fee for properties in Civil Aviyesation Colony?

The registration fee for properties in this area is 2% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Civil Aviyesation Colony?

The Sub Registrar Office covering Civil Aviyesation Colony is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.