Guideline Value

Corporate

Guideline Value for Voltas Colony 4th Street

₹4400/sq.ft.

The guideline value for Voltas Colony 4th Street in Thalakanancherry village (Alandur SRO, Chennai zone) is Rs 4400 per sq.ft, effective 1 July 2024. It was Rs 4000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Thalakanancherry

Village

Alandur

SRO

Residential Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹4400 /sq.ft.
From 1-4-2023 ₹4000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2680 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1750 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061
044-22240222
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Voltas Colony 4th Street

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Voltas Colony 4th Street guideline value

The current guideline value of Voltas Colony 4th Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Thalakanancherry village and falls under the Alandur SRO. The land classification for this area is Residential Class I Type - II.

How the guideline value of Voltas Colony 4th Street has changed

The guideline value for Voltas Colony 4th Street has undergone several revisions over the years. The earliest recorded revision was in 2007, with a guideline value of Rs 1,750 per sq.ft. This increased to Rs 4,000 per sq.ft in 2012, marking a significant rise of 129%. However, the value then decreased to Rs 2,680 per sq.ft in 2017, a drop of 33%. The value saw a substantial increase to Rs 4,000 per sq.ft in 2023, and further rose to Rs 4,400 per sq.ft in the 2024 revision, reflecting a 10% increase.

Notably, there are no figures available for the revisions in 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 151%.

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 in this area is Rs 3,900 per sq.ft, positioning Voltas Colony 4th Street above this median.

Stamp duty and registration fee for property in Voltas Colony 4th Street

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, charged at 7%, would amount to Rs 3,08,000, while the registration fee at 2% would be Rs 88,000. Together, the total fees would be Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Voltas Colony 4th Street?

The Sub Registrar Office that covers Voltas Colony 4th Street is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. You can find your SRO online for more information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Thalakanancherry. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Voltas Colony 4th Street?

The current guideline value of Voltas Colony 4th Street 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 seen several changes, starting from Rs 1,750 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of 151% over this period.

What is the stamp duty for property in Voltas Colony 4th Street?

The stamp duty for property in Voltas Colony 4th Street is calculated at 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Voltas Colony 4th Street located?

The Sub Registrar Office for Voltas Colony 4th Street is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

What is the median guideline value in Thalakanancherry?

The median guideline value in Thalakanancherry is Rs 3,900 per sq.ft, with Voltas Colony 4th Street's guideline value being above this median at Rs 4,400 per sq.ft.