Guideline Value for Dr. Ambedkar Nagar Thitta Paguthi

Dr. Ambedkar Nagar Thitta Paguthi guideline value

The current guideline value for Dr. Ambedkar Nagar Thitta Paguthi is Rs 2,700 per sq.ft, effective from 1 July 2024. This area is located in Kolathur village and falls under the Sembiam Sub Registrar Office (SRO). The land classification for this street is Residential Class II Type - I.

How the guideline value of Dr. Ambedkar Nagar Thitta Paguthi has changed

Over the years, the guideline value of Dr. Ambedkar Nagar Thitta Paguthi has seen significant changes. The earliest recorded revision was in 2003, where the guideline value was Rs 254 per sq.ft. This increased to Rs 1,000 per sq.ft in 2007, marking a substantial rise of 294%. By 2012, the value further increased to Rs 2,500 per sq.ft, representing a 150% jump from the previous revision. The most recent revision in 2024 set the guideline value at Rs 2,700 per sq.ft, reflecting an 8% increase from 2012.

It is important to note that there are no figures available for the years 2002, 2017, and 2023 for this street. Overall, from 2003 to 2024, the guideline value has increased by a remarkable 963%.

Guideline values in Kolathur

In Kolathur, there are 879 streets under the Sembiam SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 6,000 per sq.ft. The median guideline value in this area is Rs 3,300 per sq.ft, indicating that Dr. Ambedkar Nagar Thitta Paguthi's 2024 figure is below this median.

• Duraimugam Colony: Rs 4,400 per sq.ft (2024)
• Duraisamy Street: Rs 3,300 per sq.ft (2024)
• Dhayalu Nagar Main Road: Rs 4,900 per sq.ft (2024)
• Dhayalu Nagar 8th Street: Rs 3,300 per sq.ft (2024)
• Dhayalu Nagar 7th Street: Rs 3,300 per sq.ft (2024)
• Dhayalu Nagar 6th Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Dr. Ambedkar Nagar Thitta Paguthi

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value would be Rs 27,00,000. The stamp duty at 7% would amount to Rs 1,89,000, while the registration fee at 2% would be Rs 54,000. Together, the total cost for these fees would be Rs 2,43,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers Dr. Ambedkar Nagar Thitta Paguthi?

Dr. Ambedkar Nagar Thitta Paguthi is covered by the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011. For more information, you can find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Kolathur. It serves as the basis for calculating the stamp duty and registration fees, which are mandatory costs incurred during property transactions.

When you register a property, the guideline value is considered to ensure that the transaction is recorded accurately. Buyers and sellers should be aware of the guideline value to understand the financial implications of their property dealings.

Frequently asked questions

What is the current guideline value for Dr. Ambedkar Nagar Thitta Paguthi?

The current guideline value for Dr. Ambedkar Nagar Thitta Paguthi is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 254 per sq.ft in 2003 to Rs 2,700 per sq.ft in 2024, marking an overall increase of 963% over the years.

What is the land classification for Dr. Ambedkar Nagar Thitta Paguthi?

The land classification for Dr. Ambedkar Nagar Thitta Paguthi is Residential Class II Type - I.

Which office handles registrations for Dr. Ambedkar Nagar Thitta Paguthi?

The Sembiam Sub Registrar Office handles registrations for Dr. Ambedkar Nagar Thitta Paguthi, located at 5, Papermills Road, Sembiam, Chennai - 600011.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property with a guideline value of Rs 27,00,000 would incur a stamp duty of Rs 1,89,000 at a rate of 7%.