Guideline Value

Corporate

Guideline Value for State Bank Colony 2nd Street

₹4400/sq.ft.

The guideline value for State Bank Colony 2nd Street in Thalakanancherry village (Alandur SRO, Chennai zone) is Rs 4400 per sq.ft, effective 1 July 2024. It was Rs 4000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Thalakanancherry

Village

Alandur

SRO

Residential Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹4400 /sq.ft.
From 1-4-2023 ₹4000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2680 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1750 /sq.ft.
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)

12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061
044-22240222
[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 State Bank Colony 2nd Street

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State Bank Colony 2nd Street guideline value

The current guideline value of State Bank Colony 2nd Street is Rs 4,400 per sq.ft. This street is located in Thalakanancherry village and falls under the Alandur SRO. The land classification for this area is Residential Class I Type - II.

How the guideline value of State Bank Colony 2nd Street has changed

The guideline value for State Bank Colony 2nd Street has seen several revisions over the years. The 2007 revision set the value at Rs 1,750 per sq.ft, which increased to Rs 4,000 per sq.ft in 2012. However, there was a decrease in the value to Rs 2,680 per sq.ft in 2017. Following this, the value rose significantly to Rs 4,000 per sq.ft in 2023, and the latest revision in 2024 has set it at Rs 4,400 per sq.ft.

Between the revisions, there have been notable changes. From 2007 to 2012, the value increased by 129%. However, from 2012 to 2017, it decreased by 33%. The value then rose by 49% from 2017 to 2023 and increased by 10% from 2023 to 2024. Overall, the guideline value has increased by 151% from 2007 to 2024.

Guideline values in Thalakanancherry

In Thalakanancherry, there are 318 streets under the Alandur SRO, with 2024 guideline values 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, placing State Bank Colony 2nd Street above this median.

Stamp duty and registration fee for property in State Bank Colony 2nd 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, and the registration fee at 2% would be Rs 88,000, totaling 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 stamp duty and registration fees using our stamp duty and registration fee calculator.

Which Sub Registrar Office covers State Bank Colony 2nd Street?

The Sub Registrar Office that covers State Bank Colony 2nd 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 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 applicable to the transaction.

When a property is sold, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of State Bank Colony 2nd Street?

The current guideline value of State Bank Colony 2nd Street is Rs 4,400 per sq.ft as per the 2024 revision effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly over the years, moving from Rs 1,750 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, representing an overall increase of 151%.

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 registrations for State Bank Colony 2nd Street?

The Alandur Sub Registrar Office handles registrations for State Bank Colony 2nd Street, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

What is the land classification for State Bank Colony 2nd Street?

The land classification for State Bank Colony 2nd Street is Residential Class I Type - II, indicating its suitability for residential development.