Guideline Value for Hindu Colony 18th Street

Hindu Colony 18th Street guideline value

The current guideline value for Hindu Colony 18th Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Thalakanancherry village, under the Alandur SRO, and is classified as Residential Class I Type - II.

How the guideline value of Hindu Colony 18th Street has changed

The guideline value for Hindu Colony 18th Street has undergone several revisions over the years. The earliest recorded revision is from 2012, where the guideline value was Rs 4,000 per sq.ft. This was followed by a decrease to Rs 2,680 per sq.ft in 2017, marking a decline of 33%. However, from 2017 to 2023, the value rose significantly by 49% to reach Rs 4,000 per sq.ft. The most recent revision in 2024 has seen the value increase to Rs 4,400 per sq.ft, reflecting a 10% rise from the previous year.

It is important to note that there are no recorded figures for Hindu Colony 18th Street in the revisions of 2002, 2003, and 2007. 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 that carry a 2024 guideline value 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 18th Street above this median.

• Hindu Colony 17th Street: Rs 4,400 per sq.ft (2024)
• Hindu Colony 19th Street: Rs 4,400 per sq.ft (2024)
• Hindu Colony 16th Street: Rs 4,400 per sq.ft (2024)
• Hindu Colony 15th 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 18th 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. Together, these fees would total 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 18th Street?

The Sub Registrar Office that covers Hindu Colony 18th 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 plays a crucial role in property transactions in Thalakanancherry. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing a property. The fees are based on the higher amount between the guideline value and the sale price.

When selling a property, the guideline value helps establish a baseline for negotiations and ensures that the transaction is registered correctly with the local authorities. Buyers and sellers should be aware of the current guideline value to make informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value for Hindu Colony 18th Street?

The current guideline value for Hindu Colony 18th 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 multiple times, starting from Rs 4,000 per sq.ft in 2012, decreasing to Rs 2,680 per sq.ft in 2017, and then rising to Rs 4,000 per sq.ft in 2023, before reaching Rs 4,400 per sq.ft in 2024.

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. These fees are based on the guideline value or sale price, whichever is higher.

Which office handles registrations for Hindu Colony 18th Street?

The Alandur Sub Registrar Office handles registrations for Hindu Colony 18th Street, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

What is the land classification for Hindu Colony 18th Street?

Hindu Colony 18th Street is classified as Residential Class I Type - II, indicating its designation for residential use within the area.