Guideline Value for Shanthi Nagar 3rd Street

Shanthi Nagar 3rd Street guideline value

The current guideline value of Shanthi Nagar 3rd Street is Rs 3,600 per sq.ft, effective from 1 July 2024. This street is located in Kolathur village under the Sembiam SRO, classified as Residential Special Type - II.

How the guideline value of Shanthi Nagar 3rd Street has changed

The guideline value for Shanthi Nagar 3rd Street has undergone several revisions over the years. In 2007, the value was Rs 1,000 per sq.ft, which increased significantly to Rs 3,300 per sq.ft in 2012, marking a 230% rise. However, from 2012 to 2017, the value decreased to Rs 2,211 per sq.ft, reflecting a 33% drop. The most recent revision in 2024 has set the value at Rs 3,600 per sq.ft, which is a 63% increase from the 2017 figure.

It is important to note that there are no figures available for the years 2023, 2003, and 2002 for this street. Overall, from 2007 to 2024, the guideline value has increased by 260%.

Guideline values in Kolathur

In Kolathur, there are 879 streets under the Sembiam SRO that carry a guideline value for 2024, ranging from Rs 2,200 to Rs 6,000 per sq.ft. The median value is Rs 3,300 per sq.ft, placing the 2024 figure for Shanthi Nagar 3rd Street above this median.

• Shanthi Nagar 3rd Cross Street: Rs 3,600 per sq.ft (2024)
• Shanthi Nagar 4th Cross Street: Rs 3,600 per sq.ft (2024)
• Shanthi Nagar 2nd Street: Rs 3,600 per sq.ft (2024)
• Shanthi Nagar 4th Street: Rs 3,600 per sq.ft (2024)
• Shanthi Nagar 2nd Cross Street: Rs 3,600 per sq.ft (2024)
• Shanthi Nagar 5th Cross Street: Rs 3,600 per sq.ft (2024)

Stamp duty and registration fee for property in Shanthi Nagar 3rd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,600 per sq.ft, the total guideline value amounts to Rs 36,00,000. The stamp duty, charged at 7%, would be Rs 2,52,000, and the registration fee, at 2%, would be Rs 72,000. Together, these fees total Rs 3,24,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Shanthi Nagar 3rd Street?

The Sub Registrar Office that covers Shanthi Nagar 3rd Street is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011. You can find your SRO for more information.

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

The guideline value is used as a benchmark for property registration in Kolathur. When a property is bought or sold, the guideline value helps determine the applicable stamp duty and registration fees, ensuring that the transaction is recorded accurately in the official registry.

Frequently asked questions

What is the current guideline value of Shanthi Nagar 3rd Street?

The current guideline value of Shanthi Nagar 3rd Street is Rs 3,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2007 to Rs 3,600 per sq.ft in 2024, showing an overall increase of 260% over the years.

What are the stamp duty and registration fees for a property in Shanthi Nagar 3rd Street?

For a 1,000 sq.ft plot, the total guideline value is Rs 36,00,000. The stamp duty would be Rs 2,52,000, and the registration fee would be Rs 72,000, totaling Rs 3,24,000.

Which Sub Registrar Office covers Shanthi Nagar 3rd Street?

The Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011, covers Shanthi Nagar 3rd Street.

Where can I find more information about the guideline value?

More information about the guideline value can be found in the Registration Department's guideline value register (TNReginet).