Guideline Value for Hindu Colony 17th Street

Hindu Colony 17th Street guideline value

The current guideline value of Hindu Colony 17th 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 17th Street has changed

The guideline value for Hindu Colony 17th 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 decreased to Rs 2,680 per sq.ft in 2017, marking a decline of 33%. Following this, the value rose significantly to Rs 4,000 per sq.ft in 2023, and then to Rs 4,400 per sq.ft in 2024, reflecting a 10% increase from the previous year.

There are no recorded figures for the years 2002, 2003, and 2007 for this street. The overall change from 2012 to 2024 shows an increase of 10% in the guideline value.

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 guideline value for these streets is Rs 3,900 per sq.ft, placing Hindu Colony 17th Street's 2024 figure above this median.

• Hindu Colony 16th Street: Rs 4,400 per sq.ft (2024)
• Hindu Colony 18th Street: Rs 4,400 per sq.ft (2024)
• Hindu Colony 15th Street: Rs 4,400 per sq.ft (2024)
• Hindu Colony 19th Street: Rs 4,400 per sq.ft (2024)
• Hindu Colony 14th Street: Rs 4,400 per sq.ft (2024)
• Hindu Colony 13th Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Hindu Colony 17th 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. Together, the total cost for these fees would be 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 17th Street?

The Sub Registrar Office that covers Hindu Colony 17th 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 of property transactions in Thalakanancherry. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring transparency in the property market.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. This ensures that both buyers and sellers are aware of the financial obligations involved in the transaction based on the prevailing guideline value.

Frequently asked questions

What is the current guideline value of Hindu Colony 17th Street?

The current guideline value of Hindu Colony 17th 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, which is a 10% increase. It was Rs 2,680 per sq.ft in 2017 and Rs 4,000 per sq.ft in 2012, showing a significant change over the years.

What is the land classification of Hindu Colony 17th Street?

Hindu Colony 17th Street is classified as Residential Class I Type - II. This classification indicates the type of development permitted in the area.

What are the other streets with the same guideline value in Thalakanancherry?

Other streets in Thalakanancherry, such as Hindu Colony 16th Street, Hindu Colony 18th Street, Hindu Colony 15th Street, Hindu Colony 19th Street, Hindu Colony 14th Street, and Hindu Colony 13th Street, all have a guideline value of Rs 4,400 per sq.ft for 2024.

How is stamp duty calculated for properties in Hindu Colony 17th Street?

Stamp duty for properties in Hindu Colony 17th Street is calculated at 7% of 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.