Guideline Value for Hindu Colony 25th Cross Street

Hindu Colony 25th Cross Street guideline value

The current guideline value of Hindu Colony 25th Cross Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Thalakanancherry village under the Alandur SRO, classified as Residential Class I Type - II.

How the guideline value of Hindu Colony 25th Cross Street has changed

Over the years, the guideline value for Hindu Colony 25th Cross Street has seen several revisions. The earliest recorded revision is from 2012, where the value was Rs 4,000 per sq.ft. In 2017, it decreased to Rs 2,680 per sq.ft, marking a decline of 33%. However, the value increased significantly to Rs 4,000 per sq.ft in 2023, and then to Rs 4,400 per sq.ft in 2024, reflecting a 10% increase from the previous year.

From 2017 to 2023, there was a notable increase of 49%, bringing the value back to Rs 4,000 per sq.ft. The overall change from 2012 to 2024 shows a modest increase of 10%. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Thalakanancherry

In Thalakanancherry, there are 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 Hindu Colony 25th Cross Street above this median at Rs 4,400 per sq.ft.

• Hindu Colony 24th Street: Rs 4,400 per sq.ft (2024)
• Hindu Colony 25th Street: Rs 4,400 per sq.ft (2024)
• Hindu Colony 23rd Street: Rs 4,400 per sq.ft (2024)
• Hindu Colony 22nd 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 25th Cross 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. Together, the total fees would be Rs 3,96,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Hindu Colony 25th Cross Street?

The Hindu Colony 25th Cross Street falls under the jurisdiction of 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 when buying or selling property in Thalakanancherry, as it determines the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees that must be paid during the transaction.

When a property is sold, the guideline value ensures that the transaction is documented at a fair value, preventing undervaluation. It is essential for both buyers and sellers to be aware of the current guideline value to ensure compliance with registration requirements.

Frequently asked questions

What is the current guideline value of Hindu Colony 25th Cross Street?

The current guideline value of Hindu Colony 25th Cross 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 2023 to Rs 4,400 per sq.ft in 2024. It was Rs 2,680 per sq.ft in 2017 and Rs 4,000 per sq.ft in 2012.

What is the land classification for Hindu Colony 25th Cross Street?

The land classification for Hindu Colony 25th Cross Street is Residential Class I Type - II.

Where can I find the registration office for this street?

The registration office for Hindu Colony 25th Cross Street is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a plot of 1,000 sq.ft at the current guideline value, the total stamp duty would be Rs 3,08,000.