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Guideline Value

Corporate

Guideline Value for Hindu Colony 7th Cross Street

₹4400/sq.ft.

The guideline value for Hindu Colony 7th Cross Street in Thalakanancherry village (Alandur SRO, Chennai zone) is Rs 4400 per sq.ft, effective 1 July 2024. It was Rs 4000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Thalakanancherry

Village

Alandur

SRO

Residential Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹4400 /sq.ft.
From 1-4-2023 ₹4000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2680 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1750 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061
044-22240222
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Hindu Colony 7th Cross Street

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Hindu Colony 7th Cross Street guideline value

The current guideline value of Hindu Colony 7th 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 7th Cross Street has changed

The guideline value for Hindu Colony 7th Cross Street has seen significant changes over the years. In the 2007 revision, the value was Rs 1,750 per sq.ft, which increased to Rs 4,000 per sq.ft in 2012, marking a rise of 129%. However, it decreased to Rs 2,680 per sq.ft in 2017, a drop of 33%. The value then surged to Rs 4,000 per sq.ft in 2023, and most recently, it increased by 10% to reach Rs 4,400 per sq.ft in the 2024 revision.

From the 2017 revision to the 2023 revision, there was a notable increase of 49%. Overall, from 2007 to 2024, the guideline value has increased by 151%. The register has no figures for the years 2002 and 2003 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 value for these streets is Rs 3,900 per sq.ft, placing Hindu Colony 7th Cross Street's 2024 figure above this median.

Stamp duty and registration fee for property in Hindu Colony 7th 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, 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 information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Hindu Colony 7th Cross Street?

The Sub Registrar Office that covers Hindu Colony 7th Cross 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 details.

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

The guideline value plays a crucial role during the registration of property transactions in Thalakanancherry. It serves as the basis for calculating stamp duty and registration fees, ensuring that these costs are aligned with the officially recognized value of the property.

When buying or selling property, the guideline value is used to determine the financial obligations associated with the transaction. This ensures that both the buyer and seller are aware of the costs involved, which are calculated based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Hindu Colony 7th Cross Street?

The current guideline value of Hindu Colony 7th 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 1,750 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of 151% over this period.

What is the registration office for Hindu Colony 7th Cross Street?

The registration office for Hindu Colony 7th Cross Street is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

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

For a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000 and the registration fee would be Rs 88,000, totaling Rs 3,96,000.

How does the guideline value impact property transactions?

The guideline value is used to calculate the stamp duty and registration fees during property transactions. It ensures that these costs are based on the officially recognized value of the property, which is either the guideline value or the sale price, whichever is higher.