Guideline Value for T.N.H.B. Colony

T.N.H.B. Colony guideline value

The current guideline value of T.N.H.B. Colony in Kolathur village is Rs 2,700 per sq.ft, effective from 1 July 2024. This area falls under the Sembiam SRO and is classified as Residential Class II Type - I.

How the guideline value of T.N.H.B. Colony has changed

The guideline value for T.N.H.B. Colony has seen several revisions over the years. Starting from Rs 305 per sq.ft in 2002, it increased to Rs 357 per sq.ft in 2003, marking a rise of 17%. The value then jumped significantly to Rs 1,000 per sq.ft in 2007, reflecting an increase of 180%. Following this, the value remained unchanged at Rs 2,500 per sq.ft in both 2012 and 2023. The most recent revision in 2024 raised the guideline value to Rs 2,700 per sq.ft, an 8% increase from 2023.

It is important to note that there is no figure available for the year 2017 in the register for this street. Overall, from 2002 to 2024, the guideline value has increased by 785%.

Guideline values in Kolathur

In Kolathur, there are 879 streets under the Sembiam SRO, with guideline values ranging from Rs 2,200 to Rs 6,000 per sq.ft. The median guideline value for these streets is Rs 3,300 per sq.ft, placing T.N.H.B. Colony's 2024 figure below this median.

• Thulasi Nagar: Rs 2,700 per sq.ft (2024)
• Umamageshwari Nagar: Rs 2,700 per sq.ft (2024)
• Thiru.V.K. Nagar / Street: Rs 2,700 per sq.ft (2024)
• United Colony 1st Street: Rs 3,300 per sq.ft (2024)
• United Colony 2nd Street: Rs 3,300 per sq.ft (2024)
• United Colony 3rd Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in T.N.H.B. Colony

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value amounts to Rs 27,00,000. The stamp duty at 7% would be Rs 1,89,000, while the registration fee at 2% would be Rs 54,000, leading to a total of Rs 2,43,000. Please note that the duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers T.N.H.B. Colony?

The T.N.H.B. Colony is covered by the Sembiam Sub Registrar Office located at 5, Papermills Road, Sembiam, Chennai - 600011. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Kolathur. When a property is bought or sold, the guideline value is used to determine the stamp duty and registration fees that need to be paid. This ensures that the transaction is registered at a value that reflects the current market standards set by the government.

Frequently asked questions

What is the current guideline value of T.N.H.B. Colony?

The current guideline value of T.N.H.B. Colony is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 305 per sq.ft in 2002 to Rs 2,700 per sq.ft in 2024, reflecting an overall increase of 785% over this period.

What is the median guideline value in Kolathur?

The median guideline value for streets in Kolathur is Rs 3,300 per sq.ft, with T.N.H.B. Colony's current value being below this median.

What are the stamp duty and registration fees for a property in T.N.H.B. Colony?

For a 1,000 sq.ft plot, the total guideline value is Rs 27,00,000, leading to a stamp duty of Rs 1,89,000 and a registration fee of Rs 54,000, totaling Rs 2,43,000.

Which office handles property registrations for T.N.H.B. Colony?

The Sembiam Sub Registrar Office at 5, Papermills Road, Sembiam, Chennai - 600011 handles property registrations for T.N.H.B. Colony.