Guideline Value for Hindu Colony 10th Street

Hindu Colony 10th Street guideline value

The current guideline value for Hindu Colony 10th Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Thalakanancherry village under the Alandur SRO, classified as Residential Class I Type - II.

How the guideline value of Hindu Colony 10th Street has changed

The guideline value for Hindu Colony 10th Street has undergone several revisions over the years. The earliest recorded revision was in 2012, where the value was Rs 4,000 per sq.ft. This figure remained until the next revision in 2017, which saw a decrease to Rs 2,680 per sq.ft. Following that, the value increased significantly to Rs 4,000 per sq.ft in 2023, and further rose to Rs 4,400 per sq.ft in 2024, marking a 10% increase from the previous year.

From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, it increased by 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Thalakanancherry

In Thalakanancherry village, there are 318 streets under the Alandur SRO with a 2024 guideline value ranging from Rs 2,200 to Rs 5,500 per sq.ft. The median value among these streets is Rs 3,900 per sq.ft, placing Hindu Colony 10th Street's 2024 figure above that median.

• Hindu Colony 11th Street: Rs 4,400 per sq.ft (2024)
• Hindu Colony: Rs 4,400 per sq.ft (2024)
• Hindu Colony 12th Street: Rs 4,400 per sq.ft (2024)
• Hindu Colony 13th Street: Rs 4,400 per sq.ft (2024)
• Hindu Colony 14th Street: Rs 4,400 per sq.ft (2024)
• Hindu Colony 15th Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Hindu Colony 10th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, while the registration fee at 2% would be Rs 88,000, bringing the total fees together to Rs 3,96,000. It is important to note that the 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 Hindu Colony 10th Street?

The Sub Registrar Office covering Hindu Colony 10th Street is 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 reference point for determining the stamp duty and registration fees payable during the sale or purchase of property. Buyers and sellers must consider the guideline value to ensure compliance with legal requirements and to accurately calculate the associated costs.

When a property is registered, the guideline value is used to assess the stamp duty, which is charged at a percentage of the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value for Hindu Colony 10th Street?

The current guideline value for Hindu Colony 10th Street 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 4,000 per sq.ft in 2023 to Rs 4,400 per sq.ft in 2024. It was Rs 2,680 per sq.ft in 2017 and Rs 4,000 per sq.ft in 2012.

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

For a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000 and the registration fee would be Rs 88,000, totaling Rs 3,96,000.

Which Sub Registrar Office is responsible for Hindu Colony 10th Street?

The Alandur Sub Registrar Office is responsible for Hindu Colony 10th Street, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

What is the land classification for Hindu Colony 10th Street?

The land classification for Hindu Colony 10th Street is Residential Class I Type - II.