Guideline Value for Hindu Colony

Hindu Colony guideline value

The current guideline value of Hindu Colony in Thalakanancherry village, under the Alandur SRO, is Rs 4,400 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - II.

How the guideline value of Hindu Colony has changed

Looking at the historical revisions, the guideline value for Hindu Colony has seen several changes. In 2012, the guideline value was Rs 4,000 per sq.ft, which then decreased to Rs 2,680 per sq.ft in 2017. Following that, the value increased significantly to Rs 4,000 per sq.ft in 2023, and most recently to Rs 4,400 per sq.ft in 2024. The register has no figures for the years 2002, 2003, and 2007 for this street.

From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, it increased by 49%. The most recent change from 2023 to 2024 reflects a 10% increase. Overall, from 2012 to 2024, the guideline value has increased by 10%.

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, indicating that Hindu Colony's current guideline value of Rs 4,400 per sq.ft is above this median.

• Hindu Colony 10th Street: Rs 4,400 per sq.ft (2024)
• Hindu Colony 11th Street: Rs 4,400 per sq.ft (2024)
• Hindu Colony 12th Street: Rs 4,400 per sq.ft (2024)
• Hindu Colony 13th Street: Rs 4,400 per sq.ft (2024)
• Hindu Colony 14th Street: Rs 4,400 per sq.ft (2024)
• Hindu Colony 15th Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Hindu Colony

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. The total cost for these fees together 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.

You can calculate your fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Hindu Colony?

The Sub Registrar Office that covers Hindu Colony 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 is a crucial factor in the registration process when buying or selling property in Thalakanancherry. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is considered to ensure that the appropriate fees are charged. This helps maintain transparency and standardization in property transactions within the region.

Frequently asked questions

What is the current guideline value of Hindu Colony?

The current guideline value of Hindu Colony 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 is now Rs 4,400 per sq.ft in 2024.

What is the median guideline value in Thalakanancherry?

The median guideline value for the 318 streets in Thalakanancherry is Rs 3,900 per sq.ft, with Hindu Colony's current value being above this median.

What are the stamp duty and registration fees for a property in Hindu Colony?

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.

Where is the Sub Registrar Office for Hindu Colony located?

The Alandur Sub Registrar Office is located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.