Guideline Value for Hindu Colony 22nd Street

Hindu Colony 22nd Street guideline value

The current guideline value of Hindu Colony 22nd 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 22nd Street has changed

The guideline value for Hindu Colony 22nd Street has seen several revisions over the years. In 2012, the value was Rs 4,000 per sq.ft, which changed to Rs 2,680 per sq.ft in 2017, reflecting a decrease of 33%. The value then increased significantly to Rs 4,000 per sq.ft in 2023, followed by a further increase to Rs 4,400 per sq.ft in 2024, marking a 10% rise from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, the guideline value has increased by 10% from 2012 to 2024, with a substantial increase of 49% from 2017 to 2023.

Guideline values in Thalakanancherry

In Thalakanancherry, there are 318 streets under the Alandur SRO that have 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. Hindu Colony 22nd Street's 2024 figure of Rs 4,400 per sq.ft is above this median.

• Hindu Colony 1st Street: Rs 4,400 per sq.ft (2024)
• Hindu Colony 20th Street: Rs 4,400 per sq.ft (2024)
• Hindu Colony 21st Street: Rs 4,400 per sq.ft (2024)
• Hindu Colony 23rd Street: Rs 4,400 per sq.ft (2024)
• Hindu Colony 24th Street: Rs 4,400 per sq.ft (2024)
• Hindu Colony 25th Cross Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Hindu Colony 22nd 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, bringing the total cost to Rs 3,96,000. It is important to note that the stamp 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 22nd Street?

The Sub Registrar Office that covers Hindu Colony 22nd 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 the registration process when buying or selling property in Thalakanancherry. It is used to assess the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for Hindu Colony 22nd Street?

The current guideline value for Hindu Colony 22nd 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 for Hindu Colony 22nd Street?

Hindu Colony 22nd Street is classified as Residential Class I Type - II.

What are the guideline values for other streets in Thalakanancherry?

Other streets in Thalakanancherry have guideline values of Rs 4,400 per sq.ft for several streets, including Hindu Colony 1st, 20th, 21st, 23rd, 24th, and 25th Cross Streets.

Where is the Alandur Sub Registrar Office located?

The Alandur Sub Registrar Office is located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.