Guideline Value for Hindu Colony 5th Street

Hindu Colony 5th Street guideline value

The current guideline value of Hindu Colony 5th Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Thalakanancherry village and falls under the Alandur SRO. The land classification for this area is Residential Class I Type - II.

How the guideline value of Hindu Colony 5th Street has changed

The guideline value for Hindu Colony 5th Street has undergone several revisions over the years. The 2012 revision set the value at Rs 4,000 per sq.ft, which was then reduced to Rs 2,680 per sq.ft in the 2017 revision. This marked a decrease of 33%. However, the value increased significantly to Rs 4,000 per sq.ft in the 2023 revision, followed by a further increase to Rs 4,400 per sq.ft in the 2024 revision, reflecting a 10% rise.

From 2017 to 2023, the guideline value increased by 49%. Overall, comparing the 2012 and 2024 revisions, the guideline value has risen by 10%. It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

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. The median guideline value for these streets is Rs 3,900 per sq.ft, making the 2024 figure for Hindu Colony 5th Street above this median.

• Hindu Colony 6th Street: Rs 4,400 per sq.ft (2024)
• Hindu Colony 4th Street: Rs 4,400 per sq.ft (2024)
• Hindu Colony 7th Cross Street: Rs 4,400 per sq.ft (2024)
• Hindu Colony 7th Street: Rs 4,400 per sq.ft (2024)
• Hindu Colony 8th Street: Rs 4,400 per sq.ft (2024)
• Hindu Colony 9th Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Hindu Colony 5th 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 fees 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 calculate your fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Hindu Colony 5th Street?

The Sub Registrar Office that covers Hindu Colony 5th 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 critical role when buying or selling property in Thalakanancherry. It serves as a benchmark for determining the minimum value of a property, ensuring that transactions are recorded at a fair price according to government standards.

During the registration process, the guideline value is used to calculate applicable fees such as stamp duty and registration fees. This ensures that both buyers and sellers are aware of the financial obligations associated with the property transaction.

Frequently asked questions

What is the current guideline value of Hindu Colony 5th Street?

The current guideline value of Hindu Colony 5th 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 median guideline value in Thalakanancherry?

The median guideline value for streets in Thalakanancherry is Rs 3,900 per sq.ft, with Hindu Colony 5th Street's 2024 figure being above this median.

What are the stamp duty and registration fees for properties in this area?

For a 1,000 sq.ft plot at the current rate, the total stamp duty and registration fees would amount to Rs 3,96,000, based on the guideline value of Rs 44,00,000.

Where is the Sub Registrar Office for Hindu Colony 5th Street located?

The Alandur Sub Registrar Office is located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061, which covers Hindu Colony 5th Street.