Guideline Value for Voltas Colony 9th Street

Voltas Colony 9th Street guideline value

The current guideline value of Voltas Colony 9th Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Thalakanancherry village under the Alandur SRO, classified as Residential Class I Type - II.

How the guideline value of Voltas Colony 9th Street has changed

In the 2012 revision, the guideline value was Rs 4,000 per sq.ft. This figure decreased to Rs 2,680 per sq.ft in the 2017 revision, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly to Rs 4,000 per sq.ft, reflecting a rise of 49%. The most recent revision in 2024 set the value at Rs 4,400 per sq.ft, which is a 10% increase from the previous year.

There are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, comparing the 2012 and 2024 revisions, there has been an increase of 10% in the guideline value.

Guideline values in Thalakanancherry

In Thalakanancherry, there are 318 streets under the Alandur SRO with a 2024 guideline value ranging from Rs 2,200 to Rs 5,500 per sq.ft. The median guideline value for these streets is Rs 3,900 per sq.ft, placing Voltas Colony 9th Street above this median.

• Voltas Colony 8th Street: Rs 4,400 per sq.ft (2024)
• Voltas Colony Extension: Rs 4,400 per sq.ft (2024)
• Voltas Colony 7th Street: Rs 4,400 per sq.ft (2024)
• Voltas Colony Main: Rs 4,400 per sq.ft (2024)
• Voltas Colony 6th Street: Rs 4,400 per sq.ft (2024)
• Voltas Colony 5th Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Voltas Colony 9th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total to 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 information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Voltas Colony 9th Street?

The Sub Registrar Office that covers Voltas Colony 9th 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 for more details.

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

The guideline value is a crucial factor when registering property transactions in Thalakanancherry. It serves as a benchmark to determine the minimum price at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the official valuation of the property. It is essential for buyers to be aware of this value to ensure they are paying a fair price during the transaction.

Frequently asked questions

What is the current guideline value for Voltas Colony 9th Street?

The current guideline value for Voltas Colony 9th 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 revisions, starting from Rs 4,000 per sq.ft in 2012, dropping to Rs 2,680 per sq.ft in 2017, and then increasing to Rs 4,000 per sq.ft in 2023. The latest revision in 2024 set it at Rs 4,400 per sq.ft.

What is the land classification for Voltas Colony 9th Street?

Voltas Colony 9th Street is classified as Residential Class I Type - II under the Alandur SRO.

What is the stamp duty rate for property transactions in this area?

The stamp duty rate for property transactions in Voltas Colony 9th Street is 7% of the guideline value or the sale price, whichever is higher.

Where is the Alandur Sub Registrar Office located?

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