Guideline Value for Hindu Colony 19th Street

Hindu Colony 19th Street guideline value

The current guideline value of Hindu Colony 19th 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 19th Street has changed

In the 2012 revision, the guideline value was Rs 4,000 per sq.ft. This figure was reduced to Rs 2,680 per sq.ft in the 2017 revision, marking a decrease of 33%. The value then increased significantly to Rs 4,000 per sq.ft in the 2023 revision, followed by a further increase to Rs 4,400 per sq.ft in the 2024 revision, which represents a 10% rise from the previous year. The register has no 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%. The change from 2017 to 2023 saw a notable increase of 49%, reflecting significant fluctuations in the guideline value over the years.

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, with a median value of Rs 3,900 per sq.ft. The guideline value of Hindu Colony 19th Street is above this median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total 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, leading to a total of 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 information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Hindu Colony 19th Street?

The Sub Registrar Office that covers Hindu Colony 19th 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 details.

How the guideline value is used when you buy or sell in Thalakanancherry

When buying or selling property in Thalakanancherry, the guideline value is an essential factor in determining the registration fees and stamp duty. The guideline value acts as a benchmark for the minimum value at which a property can be registered, ensuring that the transaction is recorded at a fair value.

During the registration process, the buyer must pay stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Hindu Colony 19th Street?

The current guideline value of Hindu Colony 19th 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 seen several changes, starting from Rs 4,000 per sq.ft in 2012, dropping to Rs 2,680 per sq.ft in 2017, and then increasing 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 property in Hindu Colony 19th Street?

For a 1,000 sq.ft property, the total guideline value is 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.

Which office handles the registration for Hindu Colony 19th Street?

The Alandur Sub Registrar Office handles the registration for Hindu Colony 19th Street. It is located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

What is the land classification for Hindu Colony 19th Street?

Hindu Colony 19th Street is classified as Residential Class I Type - II, indicating its suitability for residential development within the area.