Guideline Value for Kadhiravan Colony (Huts)

Kadhiravan Colony (Huts) guideline value

The current guideline value for Kadhiravan Colony (Huts) is Rs 3,300 per sq.ft, effective from 1 July 2024. This area is located in Aminjikarai village and falls under the AnnaNagar SRO. It is classified as Residential Class II Type - III.

How the guideline value of Kadhiravan Colony (Huts) has changed

The guideline value for Kadhiravan Colony (Huts) has undergone several revisions over the years. In 2007, the value was Rs 1,000 per sq.ft, which increased significantly to Rs 3,000 per sq.ft in 2012, marking a 200% rise. However, from 2012 to 2017, the value decreased to Rs 2,010 per sq.ft, reflecting a decline of 33%. The value then saw a substantial increase to Rs 3,000 per sq.ft in 2023, followed by a further rise to Rs 3,300 per sq.ft in 2024, which is a 10% increase from the previous year. The register has no figure for this street in 2002 and 2003.

Overall, from 2007 to 2024, the guideline value has increased by 230%. The revisions show a clear fluctuation in the guideline values, with the most significant increase occurring between 2007 and 2012, and then a steady rise leading up to the current value.

Guideline values in Aminjikarai

Aminjikarai village has a range of guideline values across its 99 streets under the AnnaNagar SRO, with values ranging from Rs 3,300 to Rs 16,500 per sq.ft. The median guideline value in this area is Rs 4,400 per sq.ft, placing Kadhiravan Colony (Huts) below this median.

• Jothiammal Nagar (HUTS): Rs 3,300 per sq.ft (2024)
• Jayammal Street: Rs 5,500 per sq.ft (2024)
• Kanniah Chetty Street: Rs 5,500 per sq.ft (2024)
• Kanniah Chetty Street 2nd Lane: Rs 4,400 per sq.ft (2024)
• Kanniah Chetty Street 3rd Lane: Rs 4,400 per sq.ft (2024)
• Kanniah Chetty Street Ist Lane: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Kadhiravan Colony (Huts)

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total to Rs 2,97,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kadhiravan Colony (Huts)?

Kadhiravan Colony (Huts) is covered by the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near Nolambur Eb Office. To find your SRO, you can visit find your SRO.

How the guideline value is used when you buy or sell in Aminjikarai

The guideline value plays a crucial role in the registration process of property transactions in Aminjikarai. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees payable. This ensures that the government receives the appropriate revenue from property transactions.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly impacts the overall cost of the transaction. The guideline value is regularly updated to reflect changes in the real estate market, ensuring that it remains relevant and accurate.

Frequently asked questions

What is the current guideline value of Kadhiravan Colony (Huts)?

The current guideline value of Kadhiravan Colony (Huts) is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, starting from Rs 1,000 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of 230% over the years.

What are the stamp duty and registration fees for Kadhiravan Colony (Huts)?

For a 1,000 sq.ft plot, the total guideline value is Rs 33,00,000, resulting in a stamp duty of Rs 2,31,000 and a registration fee of Rs 66,000, totaling Rs 2,97,000.

Which Sub Registrar Office covers Kadhiravan Colony (Huts)?

Kadhiravan Colony (Huts) is covered by the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the land classification of Kadhiravan Colony (Huts)?

Kadhiravan Colony (Huts) is classified as Residential Class II Type - III, indicating its intended use for residential purposes.