Guideline Value for Hindu Colony 23rd Street

Hindu Colony 23rd Street guideline value

The current guideline value for Hindu Colony 23rd 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 23rd Street has changed

In the 2012 revision, the guideline value was Rs 4,000 per sq.ft. This figure decreased to Rs 2,680 per sq.ft in the 2017 revision, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly to Rs 4,000 per sq.ft, reflecting a rise of 49%. The most recent revision in 2024 set the guideline value at Rs 4,400 per sq.ft, representing a 10% increase from the previous year of Rs 4,000 per sq.ft.

The register does not contain figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Thalakanancherry

Thalakanancherry village has a total of 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 is Rs 3,900 per sq.ft, placing the 2024 figure for Hindu Colony 23rd Street above this median.

• Hindu Colony 22nd Street: Rs 4,400 per sq.ft (2024)
• Hindu Colony 24th Street: Rs 4,400 per sq.ft (2024)
• Hindu Colony 21st Street: Rs 4,400 per sq.ft (2024)
• Hindu Colony 25th Cross Street: Rs 4,400 per sq.ft (2024)
• Hindu Colony 20th Street: Rs 4,400 per sq.ft (2024)
• Hindu Colony 25th Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Hindu Colony 23rd 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 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 more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Hindu Colony 23rd Street?

The Sub Registrar Office that covers Hindu Colony 23rd 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 crucial factor in property transactions in Thalakanancherry, as it determines the minimum value at which properties can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When a property is sold, the stamp duty and registration fees are calculated 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 for Hindu Colony 23rd Street?

The current guideline value for Hindu Colony 23rd 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, moving from Rs 4,000 per sq.ft in 2012 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 is the land classification for Hindu Colony 23rd Street?

Hindu Colony 23rd Street is classified as Residential Class I Type - II according to the local regulations.

Where can I find the Sub Registrar Office for Hindu Colony 23rd Street?

The Alandur Sub Registrar Office covers Hindu Colony 23rd Street, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

How is stamp duty calculated for properties in Thalakanancherry?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. The current rate is 7% for stamp duty and 2% for the registration fee.