Guideline Value for Then Colony Ist Road to IIIrd Road

Then Colony Ist Road to IIIrd Road guideline value

The current guideline value for Then Colony Ist Road to IIIrd Road is Rs 1,870 per sq.ft, effective from 1 July 2024. This area is located in the village of Mangadu -A and falls under the Kunrathur SRO. The land classification for this street is Residential Class I Type - I.

How the guideline value of Then Colony Ist Road to IIIrd Road has changed

The guideline value for Then Colony Ist Road to IIIrd Road has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 1,870 per sq.ft, an increase from Rs 1,700 per sq.ft in 2023, marking a change of +10%. Prior to that, in 2017, the guideline value was Rs 1,139 per sq.ft, which means there was a significant increase of +49% from 2017 to 2023. Overall, from 2017 to 2024, the guideline value has increased by +64%.

The register has no figures for this street for the years 2002, 2003, 2007, and 2012. The last known revision before 2017 was in 2017, which set the value at Rs 1,139 per sq.ft.

Guideline values in Mangadu -A

Mangadu -A has a total of 208 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 1,320 to Rs 3,300 per sq.ft. The median guideline value for the village is Rs 1,870 per sq.ft, which is equal to the current figure for Then Colony Ist Road to IIIrd Road.

• Thencolony: Rs 1,870 per sq.ft (2024)
• Thencolony Pudhuvattaram: Rs 1,540 per sq.ft (2024)
• Then Colony Street: Rs 1,870 per sq.ft (2024)
• Therkku Theru (West Street): Rs 1,540 per sq.ft (2024)
• Thirupathy Nagar: Rs 1,980 per sq.ft (2024)
• Thiruvalluvar City I: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Then Colony Ist Road to IIIrd Road

For a 1,000 sq.ft plot at the current guideline value of Rs 1,870 per sq.ft, the total guideline value amounts to Rs 18,70,000. The stamp duty at 7% would be Rs 1,30,900, and the registration fee at 2% would be Rs 37,400, making the total fees together Rs 1,68,300. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Then Colony Ist Road to IIIrd Road?

The Sub Registrar Office that covers Then Colony Ist Road to IIIrd Road is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Mangadu -A

The guideline value plays a crucial role in the registration process when buying or selling property in Mangadu -A. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the transaction is registered at a value that reflects the established guideline rates.

Frequently asked questions

What is the current guideline value for Then Colony Ist Road to IIIrd Road?

The current guideline value for Then Colony Ist Road to IIIrd Road is Rs 1,870 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,139 per sq.ft in 2017 to Rs 1,870 per sq.ft in 2024, reflecting an overall increase of +64%.

What is the land classification for Then Colony Ist Road to IIIrd Road?

The land classification for Then Colony Ist Road to IIIrd Road is Residential Class I Type - I.

Where can I find the registration office for this area?

The registration office for Then Colony Ist Road to IIIrd Road is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 18,70,000, the stamp duty would be Rs 1,30,900 at a rate of 7%.