Guideline Value for Hindu Colony 24th Street

Hindu Colony 24th Street guideline value

The current guideline value of Hindu Colony 24th Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Thalakanancherry village, under the jurisdiction of the Alandur SRO. The land classification for this area is Residential Class I Type - II.

How the guideline value of Hindu Colony 24th Street has changed

The guideline value for Hindu Colony 24th Street has undergone several revisions over the years. In 2012, the value was set at Rs 4,000 per sq.ft, which then decreased to Rs 2,680 per sq.ft in 2017. Following this, the value increased significantly to Rs 4,000 per sq.ft in 2023, and further rose to Rs 4,400 per sq.ft in the 2024 revision, reflecting a 10% increase from the previous year. The register has no figure for this street in 2002, 2003, or 2007.

From 2012 to 2017, there was a decrease of 33%, but from 2017 to 2023, the value increased by 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. This indicates a significant fluctuation 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. Hindu Colony 24th Street's 2024 figure of Rs 4,400 per sq.ft is above this median.

• Hindu Colony 23rd Street: Rs 4,400 per sq.ft (2024)
• Hindu Colony 25th Cross Street: Rs 4,400 per sq.ft (2024)
• Hindu Colony 22nd Street: Rs 4,400 per sq.ft (2024)
• Hindu Colony 25th Street: Rs 4,400 per sq.ft (2024)
• Hindu Colony 21st Street: Rs 4,400 per sq.ft (2024)
• Hindu Colony 20th Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Hindu Colony 24th 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, 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.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Hindu Colony 24th Street?

The Sub Registrar Office that covers Hindu Colony 24th 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 further assistance.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Thalakanancherry. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of registration.

When a property is sold, the guideline value is considered to ensure that the transaction is registered at a fair value. This helps in maintaining transparency and accountability in property transactions.

Frequently asked questions

What is the current guideline value for Hindu Colony 24th Street?

The current guideline value for Hindu Colony 24th 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, decreased to Rs 2,680 per sq.ft in 2017, and then increased to Rs 4,000 per sq.ft in 2023, finally reaching Rs 4,400 per sq.ft in 2024.

What is the land classification for Hindu Colony 24th Street?

The land classification for Hindu Colony 24th Street is Residential Class I Type - II.

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.

How is the stamp duty calculated for properties in Hindu Colony 24th Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 4,400 per sq.ft would incur a stamp duty of Rs 3,08,000.