Guideline Value for Hindu Colony 16th Street

Hindu Colony 16th Street guideline value

The current guideline value of Hindu Colony 16th 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 16th Street has changed

The guideline value for Hindu Colony 16th Street has undergone several revisions over the years. The earliest recorded revision was in 2012, where the guideline value was Rs 4,000 per sq.ft. This value then decreased to Rs 2,680 per sq.ft in 2017, marking a decline of 33%. In 2023, the value increased to Rs 4,000 per sq.ft, and in the latest revision for 2024, it is now Rs 4,400 per sq.ft, reflecting an increase of 10% from the previous year.

There are no recorded figures for the years 2002, 2003, and 2007 for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%.

Guideline values in Thalakanancherry

In Thalakanancherry, there are 318 streets that carry a guideline value for 2024, ranging from Rs 2,200 to Rs 5,500 per sq.ft. The median value for these streets is Rs 3,900 per sq.ft, placing Hindu Colony 16th Street's 2024 figure above that median.

• Hindu Colony 15th Street: Rs 4,400 per sq.ft (2024)
• Hindu Colony 17th Street: Rs 4,400 per sq.ft (2024)
• Hindu Colony 14th Street: Rs 4,400 per sq.ft (2024)
• Hindu Colony 18th Street: Rs 4,400 per sq.ft (2024)
• Hindu Colony 13th Street: Rs 4,400 per sq.ft (2024)
• Hindu Colony 19th Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Hindu Colony 16th Street

For a 1,000 sq.ft plot at the current rate of Rs 4,400 per sq.ft, 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.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Hindu Colony 16th Street?

The Sub Registrar Office that covers Hindu Colony 16th 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 within Thalakanancherry. It serves as a benchmark for calculating stamp duty and registration fees when buying or selling property. Buyers and sellers must consider the guideline value to ensure compliance with local regulations.

When a property is registered, the stamp duty is calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Hindu Colony 16th Street?

The current guideline value of Hindu Colony 16th 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 back 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 of Hindu Colony 16th Street?

Hindu Colony 16th Street is classified as Residential Class I Type - II.

Where can I find the Sub Registrar Office for Hindu Colony 16th Street?

The Sub Registrar Office for Hindu Colony 16th Street is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

How is the stamp duty calculated for properties in Thalakanancherry?

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