Guideline Value for Then Colony Street

Then Colony Street guideline value

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

How the guideline value of Then Colony Street has changed

The guideline value for Then Colony Street has seen significant changes over the years. In the 2017 revision, the value was Rs 1,139 per sq.ft, which increased to Rs 1,700 per sq.ft in the 2023 revision, marking a 49% rise. The latest revision in 2024 has set the value at Rs 1,870 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has risen by 64%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Mangadu -A

Mangadu -A has a total of 208 streets under the Kunrathur SRO, with guideline values ranging from Rs 1,320 to Rs 3,300 per sq.ft. The median guideline value for the area is Rs 1,870 per sq.ft, which is the same as the current value for Then Colony Street.

• Thencolony Pudhuvattaram: Rs 1,540 per sq.ft (2024)
• Then Colony Ist Road to IIIrd Road: Rs 1,870 per sq.ft (2024)
• Thencolony: 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 Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,870 per sq.ft, the total guideline value would be Rs 18,70,000. The stamp duty at 7% would amount to Rs 1,30,900, and the registration fee at 2% would be Rs 37,400, bringing the total fees to Rs 1,68,300. Please note that 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 your convenience.

Which Sub Registrar Office covers Then Colony Street?

The Sub Registrar Office that covers Then Colony Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. To find your SRO, you can click here.

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

The guideline value is a crucial factor in property transactions in Mangadu -A. It is used to determine the stamp duty and registration fees when buying or selling property. The fees are calculated based on the guideline value or the sale price, whichever is higher.

When registering a property, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency in property dealings. It is essential for buyers and sellers to be aware of the current guideline values to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Then Colony Street?

The current guideline value of Then Colony Street 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 increased from Rs 1,139 per sq.ft in 2017 to Rs 1,870 per sq.ft in 2024, marking a total increase of 64% over this period.

What are the stamp duty and registration fees for property on Then Colony Street?

For a property valued at Rs 18,70,000, the stamp duty would be Rs 1,30,900 and the registration fee would be Rs 37,400, totaling Rs 1,68,300.

Which office handles registrations for Then Colony Street?

The Kunrathur Sub Registrar Office handles registrations for Then Colony Street, located at No.59, Road Street, Kundrathur, Chennai -600 069.

What is the land classification for Then Colony Street?

Then Colony Street falls under the Residential Class I Type - I land classification.