Guideline Value for Hindu Colony 14th Street

Hindu Colony 14th Street guideline value

The current guideline value of Hindu Colony 14th 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 14th Street has changed

In the 2012 revision, the guideline value was Rs 4,000 per sq.ft. This figure saw a decrease to Rs 2,680 per sq.ft in the 2017 revision, marking a drop of 33%. Following this, the value increased significantly to Rs 4,000 per sq.ft in the 2023 revision, and then rose to Rs 4,400 per sq.ft in the 2024 revision, representing a 10% increase. Overall, from 2012 to 2024, the guideline value increased by 10%.

There are no figures available in the register for the years 2002, 2003, and 2007 for this street.

Guideline values in Thalakanancherry

In Thalakanancherry, 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 guideline value in this village is Rs 3,900 per sq.ft, placing Hindu Colony 14th Street's 2024 figure above that median.

• Hindu Colony 11th Street: 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)
• Hindu Colony 16th Street: Rs 4,400 per sq.ft (2024)
• Hindu Colony 17th Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Hindu Colony 14th Street

For a 1,000 sq.ft plot at the current rate, the 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, totaling 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 the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Hindu Colony 14th Street?

The Sub Registrar Office covering Hindu Colony 14th 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 critical factor in the registration process when buying or selling property in Thalakanancherry. It serves as a benchmark for determining the minimum value at which property transactions can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

Frequently asked questions

What is the current guideline value of Hindu Colony 14th Street?

The current guideline value of Hindu Colony 14th 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 2012 to Rs 2,680 per sq.ft in 2017, then to Rs 4,000 per sq.ft in 2023, and finally to Rs 4,400 per sq.ft in 2024.

What is the land classification for Hindu Colony 14th Street?

Hindu Colony 14th Street is classified as Residential Class I Type - II.

Where can I find the registration office for this area?

The registration office for Hindu Colony 14th Street is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 44,00,000 would incur a stamp duty of Rs 3,08,000 at 7%.