Guideline Value

Corporate

Guideline Value for State Bank Colony Main

₹4400/sq.ft.

The guideline value for State Bank Colony Main 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 Main

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State Bank Colony Main guideline value

The current guideline value of State Bank Colony Main is Rs 4,400 per sq.ft. This area is located in Thalakanancherry village, under the Alandur SRO, and is classified as Residential Class I Type - II.

How the guideline value of State Bank Colony Main has changed

Over the years, the guideline value for State Bank Colony Main has seen several revisions. The earliest recorded revision is from 2007, where the guideline value was Rs 1,750 per sq.ft. This value increased significantly to Rs 4,000 per sq.ft in 2012, marking a 129% rise. However, it then decreased to Rs 2,680 per sq.ft in 2017, a drop of 33%. Following this, the guideline value rose to Rs 4,000 per sq.ft in 2023, and then to Rs 4,400 per sq.ft in 2024, reflecting a 10% increase.

From 2017 to 2023, there was a substantial increase of 49%. Overall, from the 2007 revision to the current 2024 figure, the guideline value has increased by 151%. There are no figures available for the revisions in 2002 and 2003 for this street.

Guideline values in Thalakanancherry

In Thalakanancherry, there are 318 streets under the Alandur SRO that have a 2024 guideline value 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 figure for State Bank Colony Main above this median.

Stamp duty and registration fee for property in State Bank Colony Main

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, and the registration fee at 2% would be Rs 88,000, bringing the total to Rs 3,96,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for further assistance.

Which Sub Registrar Office covers State Bank Colony Main?

The Sub Registrar Office that covers State Bank Colony Main 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 property transactions in Thalakanancherry, as it determines the minimum value at which properties can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that the transaction complies with local regulations.

During the registration process, the higher of the guideline value and the sale price is considered for calculating these fees. This means that if the sale price exceeds the guideline value, the stamp duty and registration fees will be based on the sale price instead.

Frequently asked questions

What is the current guideline value of State Bank Colony Main?

The current guideline value of State Bank Colony Main 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 1,750 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of 151% across the revisions.

What are the other streets in Thalakanancherry with the same guideline value?

Several other streets in Thalakanancherry have the same guideline value of Rs 4,400 per sq.ft, including State Bank Colony Ist Street, State Bank Colony Extension 3rd Main Road, and State Bank Colony Extension.

What is the registration office for State Bank Colony Main?

The registration office for State Bank Colony Main is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

How is the stamp duty calculated for properties in State Bank Colony Main?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000 at 7%.