Guideline Value

Corporate

Guideline Value for Hindu Colony Link Street

₹2750/sq.ft.

The guideline value for Hindu Colony Link Street in Madipakkam-1 village (Velacheri SRO, Chennai zone) is Rs 2750 per sq.ft, effective 1 July 2024. It was Rs 2500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Madipakkam-1

Village

Velacheri

SRO

Residential Class I Type - III
History
Period Guideline Value
From 1-7-2024 ₹2750 /sq.ft.
From 1-4-2023 ₹2500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1675 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
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)

No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042
044-22553736
[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 Link Street

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Hindu Colony Link Street guideline value

The current guideline value of Hindu Colony Link Street in Madipakkam-1 village, under the Velacheri SRO, is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is classified as Residential Class I Type - III.

How the guideline value of Hindu Colony Link Street has changed

The guideline value for Hindu Colony Link Street has seen several revisions over the years. The 2017 revision set the value at Rs 1,675 per sq.ft. In 2023, the value increased to Rs 2,500 per sq.ft, marking a significant rise of 49% from the previous revision. The most recent revision in 2024 raised the guideline value to Rs 2,750 per sq.ft, reflecting a 10% increase from 2023. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. This shows a consistent upward trend in the guideline values over the years.

Guideline values in Madipakkam-1

In Madipakkam-1, there are 1823 streets under the Velacheri SRO that carry a 2024 guideline value ranging from Rs 1,650 to Rs 5,500 per sq.ft. The median guideline value for these streets is Rs 2,750 per sq.ft, which is equal to the 2024 figure for Hindu Colony Link Street.

Stamp duty and registration fee for property in Hindu Colony Link Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value amounts to Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, bringing the total cost for these charges to Rs 2,47,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more detailed calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Hindu Colony Link Street?

The Hindu Colony Link Street is covered by the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Madipakkam-1

The guideline value plays a crucial role in the registration process for property transactions in Madipakkam-1. When a property is bought or sold, the guideline value is used to calculate the stamp duty and registration fees that need to be paid at the time of registration.

It is essential for buyers and sellers to be aware of the guideline value as it impacts the overall cost of the transaction. The value ensures that the property is registered at a fair rate, reflecting the current market conditions as determined by the government.

Frequently asked questions

What is the current guideline value of Hindu Colony Link Street?

The current guideline value of Hindu Colony Link Street is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,675 per sq.ft in 2017 to Rs 2,500 per sq.ft in 2023, and then to Rs 2,750 per sq.ft in 2024. This represents an overall increase of 64% from 2017 to 2024.

What are the other streets in Madipakkam-1 with the same guideline value?

Other streets in Madipakkam-1 with a guideline value of Rs 2,750 per sq.ft in 2024 include Hindu Colony Extension, Hindu Colony 4th Street, Hindu Colony 4th Main Road 2nd Cross Street, Hindu Colony 4th Main Road 1st Cross Street, Hindu Colony 4th Main Road, and Hindu Colony 4th Cross Street.

What is the stamp duty for property in Hindu Colony Link Street?

The stamp duty for property in Hindu Colony Link Street is calculated at 7% of the guideline value. For a 1,000 sq.ft plot at the current rate, the stamp duty would be Rs 1,92,500.

Where can I find the Sub Registrar Office for Hindu Colony Link Street?

The Velacheri Sub Registrar Office covers Hindu Colony Link Street, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. You can find more details by following the provided link.