Guideline Value for TNHB COLONY

Tnhb Colony guideline value

The current guideline value for Tnhb Colony in Arumbakkam village, under the Kodambakkam SRO, is Rs 3,300 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Class V Type - I.

How the guideline value of Tnhb Colony has changed

The guideline value of Tnhb Colony has seen several revisions over the years. Starting from the 2002 revision, the value was Rs 429 per sq.ft. This increased to Rs 473 per sq.ft in 2003, marking a 10% rise. The value then rose significantly to Rs 700 per sq.ft in 2007, which was a 48% increase. In 2012, the value was Rs 3,000 per sq.ft, reflecting a substantial 329% increase from the previous revision. However, it dropped to Rs 2,010 per sq.ft in 2017, a decrease of 33%. The value rose again to Rs 3,000 per sq.ft in 2023, and most recently, it has reached Rs 3,300 per sq.ft in the 2024 revision, reflecting a 10% increase.

Overall, from 2002 to 2024, the guideline value has increased by 669%. There are no figures available for the revisions in years not listed in the register for this street.

Guideline values in Arumbakkam

In Arumbakkam, there are 391 streets under the Kodambakkam SRO that carry a 2024 guideline value ranging from Rs 3,300 to Rs 16,500 per sq.ft. The median value for these streets is Rs 6,000 per sq.ft, placing Tnhb Colony's 2024 figure below the median.

• Thiru. VI.Ka Street: Rs 5,300 per sq.ft (2024)
• Thiru Venkada Perumal Koil Street: Rs 3,300 per sq.ft (2024)
• Thiruveethiammam Koil Street: Rs 4,700 per sq.ft (2024)
• Thiruvalluvar Street (Amaravathi Nagar): Rs 4,400 per sq.ft (2024)
• Vallalar Street: Rs 3,800 per sq.ft (2024)
• Thiruvalluvar Nagar (Near Kalki Nagar): Rs 3,800 per sq.ft (2024)

Stamp duty and registration fee for property in Tnhb Colony

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

Which Sub Registrar Office covers Tnhb Colony?

The Tnhb Colony is covered by the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Arumbakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction. This value is used to ensure that the appropriate fees are collected based on the property's worth as assessed by the government.

When a property is sold, the guideline value helps to establish the minimum price at which the property can be registered. Buyers and sellers must consider this value to avoid any discrepancies during the registration process, as it directly impacts the financial obligations associated with the transaction.

Frequently asked questions

What is the current guideline value for Tnhb Colony?

The current guideline value for Tnhb Colony 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 from Rs 429 per sq.ft in 2002 to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of 669% over this period.

What is the land classification for Tnhb Colony?

The land classification for Tnhb Colony is Residential Class V Type - I.

Where can I find the Kodambakkam Sub Registrar Office?

The Kodambakkam Sub Registrar Office is located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000, and the registration fee would be Rs 66,000.