Guideline Value for Hindu Colony 12th Street

Hindu Colony 12th Street guideline value

The current guideline value for Hindu Colony 12th 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 12th Street has changed

The guideline value for Hindu Colony 12th Street has seen several revisions over the years. In 2012, the guideline value was set at Rs 4,000 per sq.ft. This decreased to Rs 2,680 per sq.ft in 2017, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly to Rs 4,000 per sq.ft, representing a 49% rise. The most recent revision in 2024 raised the guideline value to Rs 4,400 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Thalakanancherry

In Thalakanancherry, there are 318 streets under the Alandur SRO with a 2024 guideline value range from Rs 2,200 to Rs 5,500 per sq.ft. The median guideline value is Rs 3,900 per sq.ft, placing Hindu Colony 12th Street's 2024 figure above this median.

• Hindu Colony 11th Street: Rs 4,400 per sq.ft (2024)
• Hindu Colony 13th Street: Rs 4,400 per sq.ft (2024)
• Hindu Colony 10th 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)
• Hindu Colony: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Hindu Colony 12th 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, and the registration fee at 2% would be Rs 88,000, bringing the total to Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Hindu Colony 12th Street?

The Sub Registrar Office that covers Hindu Colony 12th 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 the registration process when buying or selling property in Thalakanancherry. It determines the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

Frequently asked questions

What is the current guideline value for Hindu Colony 12th Street?

The current guideline value for Hindu Colony 12th Street is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2012, the guideline value has changed from Rs 4,000 to Rs 2,680 in 2017, then back to Rs 4,000 in 2023, and finally to Rs 4,400 in 2024. This reflects a significant fluctuation in value over the years.

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

The stamp duty rate for properties in Hindu Colony 12th Street is 7% of the guideline value or sale price, whichever is higher. The registration fee is charged at 2% of the same amount.

Where is the Sub Registrar Office located?

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

What is the significance of the guideline value?

The guideline value is used to determine the minimum price for registering property transactions in Thalakanancherry. It ensures that the government collects the appropriate stamp duty and registration fees during property transactions.