Guideline Value for Hindu Office Staff colony

Hindu Office Staff colony guideline value

The current guideline value for Hindu Office Staff 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 Office Staff colony has changed

The guideline value for Hindu Office Staff colony 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 the 2012 revision, marking a substantial rise of 129%. However, in the 2017 revision, the value decreased to Rs 2,680 per sq.ft, reflecting a drop of 33%. The value then rose again to Rs 4,000 per sq.ft in the 2023 revision, before reaching the current figure of Rs 4,400 per sq.ft in the 2024 revision, a 10% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, 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, with guideline values 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, making the current value of Rs 4,400 per sq.ft for Hindu Office Staff colony above the median.

• Hindu Colony 9th Street: Rs 4,400 per sq.ft (2024)
• 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 Colony 5th Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Hindu Office Staff colony

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be 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.

You can use our stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Hindu Office Staff colony?

The Sub Registrar Office covering Hindu Office Staff colony is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. For more information, you can find your SRO.

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, which are calculated based on this value or the sale price, whichever is higher.

When engaging in property transactions, it is essential to be aware of the current guideline value, as it directly impacts the overall costs associated with the registration process. Buyers and sellers should ensure they are informed about these values to avoid any discrepancies during the transaction.

Frequently asked questions

What is the current guideline value of Hindu Office Staff colony?

The current guideline value of Hindu Office Staff 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 significantly, 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 the years.

What are the stamp duty and registration fees for properties 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.

Which office handles the registration for Hindu Office Staff colony?

The Alandur Sub Registrar Office handles the registration for Hindu Office Staff colony, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

What is the land classification for Hindu Office Staff colony?

The land classification for Hindu Office Staff colony is Residential Class I Type - II, indicating its designation for residential use.