Guideline Value

Corporate

Guideline Value for Hindu Colony 1st Main Road

₹4400/sq.ft.

The guideline value for Hindu Colony 1st Main Road in Ullagaram village (Alandur SRO, Chennai zone) is Rs 4400 per sq.ft, effective 1 July 2024. It was Rs 4000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Ullagaram

Village

Alandur

SRO

Residential Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹4400 /sq.ft.
From 1-4-2023 ₹4000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2680 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1300 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹604 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹539 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061
044-22240222
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Hindu Colony 1st Main Road

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Hindu Colony 1st Main Road guideline value

The current guideline value of Hindu Colony 1st Main Road is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Ullagaram village, under the Alandur SRO, and is classified as Residential Class I Type - II.

How the guideline value of Hindu Colony 1st Main Road has changed

The guideline value for Hindu Colony 1st Main Road has seen several revisions over the years. In 2002, the value was Rs 539 per sq.ft, which increased to Rs 604 per sq.ft in 2003. Following this, the value rose significantly to Rs 1,300 per sq.ft in 2007, and then to Rs 4,000 per sq.ft in 2012. However, it decreased to Rs 2,680 per sq.ft in 2017 before climbing to Rs 4,000 per sq.ft again in 2023, and finally reaching Rs 4,400 per sq.ft in 2024.

Between the revisions, notable changes include a 10% increase from 2023 to 2024, a 49% increase from 2017 to 2023, and a 208% increase from 2007 to 2012. The overall increase from 2002 to 2024 is 716%. There are no figures available for years other than those listed for this street.

Guideline values in Ullagaram

In Ullagaram, there are 298 streets under the Alandur SRO that carry a 2024 guideline value ranging from Rs 1,700 to Rs 5,500 per sq.ft, with a median value of Rs 2,800 per sq.ft. Hindu Colony 1st Main Road's current guideline value is above this median.

Stamp duty and registration fee for property in Hindu Colony 1st Main Road

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, bringing the total to 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 further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Hindu Colony 1st Main Road?

The Sub Registrar Office that covers Hindu Colony 1st Main Road 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 Ullagaram

The guideline value is a crucial factor in the registration process when buying or selling property in Ullagaram. It is used to determine the stamp duty and registration fees applicable to the transaction, ensuring that all legal requirements are met during the sale.

When a property is sold, the guideline value serves as a benchmark for calculating the taxes owed. Buyers and sellers should be aware of the current guideline value to ensure compliance with local regulations during the transfer of property ownership.

Frequently asked questions

What is the current guideline value of Hindu Colony 1st Main Road?

The current guideline value of Hindu Colony 1st Main Road 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 539 per sq.ft in 2002 to Rs 4,400 per sq.ft in 2024, with several revisions in between. Significant changes include a 10% increase from 2023 to 2024 and a 49% increase from 2017 to 2023.

What is the land classification for Hindu Colony 1st Main Road?

Hindu Colony 1st Main Road is classified as Residential Class I Type - II, indicating its suitability for residential development.

What are the stamp duty and registration fees for property transactions?

The stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, while the registration fee is 2%. For example, a 1,000 sq.ft plot at the current rate incurs a total of Rs 3,96,000 in fees.

Which office handles registrations for Hindu Colony 1st Main Road?

The Alandur Sub Registrar Office handles registrations for Hindu Colony 1st Main Road, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.