Guideline Value

Corporate

Guideline Value for Voltas Colony Main

₹4400/sq.ft.

The guideline value for Voltas Colony Main 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]

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Voltas Colony Main guideline value

The current guideline value of Voltas Colony Main 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 Voltas Colony Main has changed

The guideline value for Voltas Colony Main has seen several revisions over the years. The 2007 revision set the value at Rs 1,750 per sq.ft, which increased significantly to Rs 4,000 per sq.ft in 2012. However, this value dropped to Rs 2,680 per sq.ft in 2017 before rising again to Rs 4,000 per sq.ft in 2023. The current revision in 2024 marks an increase to Rs 4,400 per sq.ft.

In terms of percentage changes, the value increased by 129% from 2007 to 2012, decreased by 33% from 2012 to 2017, and then rose by 49% from 2017 to 2023. The most recent increase from 2023 to 2024 is 10%. The register has no figures for the years 2002 and 2003 for this street.

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 value is Rs 3,900 per sq.ft, placing Voltas Colony Main's 2024 figure above this median.

Stamp duty and registration fee for property in Voltas Colony Main

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 cost together 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 on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Voltas Colony Main?

The Sub Registrar Office that covers Voltas Colony Main 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 critical factor when buying or selling property in Thalakanancherry. It is used to determine the stamp duty and registration fees applicable at the time of property registration. Buyers and sellers must be aware of the guideline value to ensure they are paying the correct fees during the transaction.

Additionally, the guideline value serves as a reference point for property transactions and is essential for legal documentation. It helps in ensuring transparency and standardization in property dealings within the region.

Frequently asked questions

What is the current guideline value of Voltas Colony Main?

The current guideline value of Voltas Colony Main 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 1,750 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, showing an overall increase of 151% over the years.

What are the stamp duty and registration fees for properties in Voltas Colony Main?

For a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000 and the registration fee would be Rs 88,000, totaling Rs 3,96,000.

Which office handles property registration for Voltas Colony Main?

The Alandur Sub Registrar Office handles property registration for Voltas Colony Main, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

What is the land classification for Voltas Colony Main?

Voltas Colony Main is classified as Residential Class I Type - II, indicating its designation for residential use within the area.