Guideline Value for Hindu Colony 9th Street

Hindu Colony 9th Street guideline value

The current guideline value of Hindu Colony 9th 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 9th Street has changed

The guideline value for Hindu Colony 9th Street has undergone several revisions over the years. The earliest recorded revision is from 2012, where the value was Rs 4,000 per sq.ft. This figure then decreased to Rs 2,680 per sq.ft in 2017, marking a decline of 33%. Following this, the value increased significantly to Rs 4,000 per sq.ft in 2023, and then to Rs 4,400 per sq.ft in 2024, representing a 10% increase from the previous year. The register has no figures for the years 2002, 2003, and 2007.

From 2012 to 2024, the overall change in guideline value is an increase of 10%. The most notable increase occurred between 2017 and 2023, where the value rose by 49%. The current rate of Rs 4,400 per sq.ft places this street above the median guideline value for the village.

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 9th Street's 2024 guideline value exceeds this median.

• Hindu Colony 8th Street: Rs 4,400 per sq.ft (2024)
• Hindu Colony 7th 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 Office Staff colony: Rs 4,400 per sq.ft (2024)
• Hindu Colony 5th Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Hindu Colony 9th 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, while the registration fee at 2% would be Rs 88,000. Together, the total cost for these fees would be 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 details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Hindu Colony 9th Street?

The Sub Registrar Office that covers Hindu Colony 9th 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 critical factor when buying or selling property in Thalakanancherry, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with registration requirements, as the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher.

When a property transaction occurs, the guideline value serves as a reference point for the registration process. It ensures that the property is valued fairly according to the prevailing rates in the area, thereby facilitating a transparent transaction process.

Frequently asked questions

What is the current guideline value of Hindu Colony 9th Street?

The current guideline value of Hindu Colony 9th 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. There are no figures recorded for the years 2002, 2003, and 2007 for this street.

What is the land classification of Hindu Colony 9th Street?

Hindu Colony 9th Street is classified as Residential Class I Type - II. This classification indicates the type of development that is permitted in the area.

What are the stamp duty and registration fees for properties here?

The stamp duty is calculated at 7% of the guideline value, while the registration fee is charged at 2%. For example, for a 1,000 sq.ft plot at the current rate, the total stamp duty and registration fee would amount to Rs 3,96,000.

Where is the Sub Registrar Office for Hindu Colony 9th Street located?

The Sub Registrar Office for Hindu Colony 9th Street is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.