Guideline Value for TOP TOWN

Top Town guideline value

The current guideline value of Top Town in Kolathoor village is Rs 650 per sq.ft, as per the 2023 revision. This area falls under the Thiruporur SRO and is classified as Mixed Type - I land.

How the guideline value of Top Town has changed

In the 2012 revision, the guideline value was set at Rs 650 per sq.ft. However, in the 2017 revision, this value decreased to Rs 435 per sq.ft, marking a reduction of 33%. The most recent revision in 2023 saw the guideline value increase to Rs 650 per sq.ft, reflecting a rise of 49% from the 2017 figure.

Overall, comparing the 2012 and 2023 revisions, the guideline value remains unchanged at Rs 650 per sq.ft. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2024 for this street.

Guideline values in Kolathoor

Currently, there are no specific village figures available for Kolathoor. Top Town is one of the streets in Kolathoor under the Thiruporur SRO.

Stamp duty and registration fee for property in Top Town

For a 1,000 sq.ft plot at the current guideline value of Rs 650 per sq.ft, the total guideline value amounts to Rs 6,50,000. The stamp duty, charged at 7%, would be Rs 45,500, while the registration fee at 2% would be Rs 13,000. Together, the total cost for stamp duty and registration fee would be Rs 58,500. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for further assistance.

Which Sub Registrar Office covers Top Town?

The Sub Registrar Office that covers Top Town is the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. To find your specific SRO, you can visit find your SRO.

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

When buying or selling property in Kolathoor, the guideline value serves as a benchmark for determining the stamp duty and registration fees. The fees are calculated based on the higher of the guideline value or the sale price of the property.

This ensures that the transaction is recorded accurately and that the appropriate taxes are paid. Understanding the guideline value is essential for both buyers and sellers to navigate the registration process effectively.

Frequently asked questions

What is the current guideline value of Top Town?

The current guideline value of Top Town is Rs 650 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value changed from Rs 650 per sq.ft in 2012 to Rs 435 per sq.ft in 2017, then increased back to Rs 650 per sq.ft in 2023. Overall, the value remained the same from 2012 to 2023.

What is the land classification of Top Town?

Top Town is classified as Mixed Type - I land. This classification is important for understanding the potential uses of the property.

Where is the Thiruporur Sub Registrar Office located?

The Thiruporur Sub Registrar Office is located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. This office is responsible for property registrations in the area.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 6,50,000, the stamp duty would be Rs 45,500 and the registration fee would be Rs 13,000.