Guideline Value for Hindu Colony 8th Street

Hindu Colony 8th Street guideline value

The current guideline value for Hindu Colony 8th 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 8th Street has changed

The guideline value for Hindu Colony 8th Street has seen several revisions over the years. The 2012 revision set the value at Rs 4,000 per sq.ft, which then decreased to Rs 2,680 per sq.ft in the 2017 revision. 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, marking a 10% increase from the previous year.

From 2017 to 2023, the guideline value increased by 49%, while the overall change from 2012 to 2024 reflects a 10% increase. The revisions for the years 2002, 2003, and 2007 do not have figures listed 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 in this area is Rs 3,900 per sq.ft, placing Hindu Colony 8th Street's 2024 figure above that median.

• Hindu Colony 7th Street: Rs 4,400 per sq.ft (2024)
• Hindu Colony 9th Street: Rs 4,400 per sq.ft (2024)
• Hindu Colony 7th Cross Street: Rs 4,400 per sq.ft (2024)
• Hindu Colony 6th Street: Rs 4,400 per sq.ft (2024)
• Hindu Colony 5th Street: Rs 4,400 per sq.ft (2024)
• Hindu Office Staff colony: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Hindu Colony 8th 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 these fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Hindu Colony 8th Street?

The Sub Registrar Office that covers Hindu Colony 8th 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 in property transactions in Thalakanancherry. It is used to determine the stamp duty and registration fees that are applicable when buying or selling property in this area. Buyers should be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher.

When registering a property, it is essential to refer to the current guideline value to ensure that all fees are accurately calculated. This helps in avoiding any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Hindu Colony 8th Street?

The current guideline value of Hindu Colony 8th 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 increased to Rs 4,000 per sq.ft in 2023, and finally to Rs 4,400 per sq.ft in 2024.

What is the land classification for Hindu Colony 8th Street?

Hindu Colony 8th Street is classified as 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 do I calculate the stamp duty for a property in Hindu Colony 8th Street?

To calculate the stamp duty, you can use the guideline value of the property. For example, for a 1,000 sq.ft plot at Rs 4,400 per sq.ft, the guideline value would be Rs 44,00,000, which would incur a stamp duty of Rs 3,08,000 at 7%.