Guideline Value for Union carbide Colony

Union carbide Colony guideline value

The current guideline value of Union carbide Colony in Thalakanancherry village is Rs 4,400 per sq.ft, effective from 1 July 2024. This area falls under the Alandur SRO and is classified as Residential Class I Type - II.

How the guideline value of Union carbide Colony has changed

The guideline value for Union carbide Colony has seen several revisions over the years. In 2007, the value was Rs 1,700 per sq.ft, which increased to Rs 4,000 per sq.ft in 2012, marking a significant rise of 135%. However, it then decreased to Rs 2,680 per sq.ft in 2017, a drop of 33%. The value rose again to Rs 4,000 per sq.ft in 2023, and currently stands at Rs 4,400 per sq.ft as of the 2024 revision, reflecting a 10% increase from the previous year.

There are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 159%.

Guideline values in Thalakanancherry

In Thalakanancherry, there are 318 streets under the Alandur SRO, with guideline values ranging from Rs 2,200 to Rs 5,500 per sq.ft. The median guideline value for the area is Rs 3,900 per sq.ft, placing Union carbide Colony's 2024 figure above this median.

• Ullagaram Street: Rs 4,400 per sq.ft (2024)
• T.T.C. Garden: Rs 4,400 per sq.ft (2024)
• Vallalar Street: Rs 2,800 per sq.ft (2024)
• T.N.G.O. Colony Main Road: Rs 4,400 per sq.ft (2024)
• T.N.G.O. Colony Main: Rs 4,400 per sq.ft (2024)
• T.N.G.O. Colony 7th Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Union carbide Colony

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total to Rs 3,96,000. Please 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 details.

Which Sub Registrar Office covers Union carbide Colony?

The Union carbide Colony is covered by the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role during property transactions in Thalakanancherry. It is used to determine the stamp duty and registration fees that must be paid at the time of property registration.

When buying or selling property, the guideline value is the benchmark against which the sale price is evaluated. If the sale price is higher than the guideline value, the duty is calculated based on the sale price.

Frequently asked questions

What is the current guideline value of Union carbide Colony?

The current guideline value of Union carbide Colony 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 1,700 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, showing a total increase of 159% over the years.

What is the land classification of Union carbide Colony?

Union carbide Colony is classified as Residential Class I Type - II under the Alandur SRO.

Where can I find the Sub Registrar Office for Union carbide Colony?

The Alandur Sub Registrar Office is located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

How is the stamp duty calculated for properties in Union carbide Colony?

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