Guideline Value

Corporate

Guideline Value for Thavaammal Nagar

₹2700/sq.ft.

The guideline value for Thavaammal Nagar in Kolathur village (Sembiam SRO, Chennai zone) is Rs 2700 per sq.ft, effective 1 July 2024. It was Rs 2500 per sq.ft from 1 April 2023, a 8% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Kolathur

Village

Sembiam

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹2700 /sq.ft.
From 1-4-2023 ₹2500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1675 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹700 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹249 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹229 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

5, Papermills Road, Sembiam, Chennai - 600011.
044-26702002
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[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]
Records for a plot on Thavaammal Nagar

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Thavaammal Nagar guideline value

The current guideline value of Thavaammal Nagar is Rs 2,700 per sq.ft, effective from 1 July 2024. This area is located in Kolathur village, under the Sembiam SRO, and is classified as Residential Class II Type - I.

How the guideline value of Thavaammal Nagar has changed

The guideline value for Thavaammal Nagar has undergone several revisions over the years. In 2002, the value was Rs 229 per sq.ft, which increased to Rs 249 per sq.ft in 2003. Following this, the value saw significant growth, reaching Rs 700 per sq.ft in 2007. The 2012 revision listed the value at Rs 2,500 per sq.ft, but it then dropped to Rs 1,675 per sq.ft in 2017. The subsequent revision in 2023 brought the value back up to Rs 2,500 per sq.ft, and the latest revision in 2024 set it at Rs 2,700 per sq.ft.

Between the revisions, there have been notable changes. From 2002 to 2024, the overall increase is 1,079%. The value increased by 8% from 2023 to 2024, and there was a 49% increase from 2017 to 2023. However, from 2012 to 2017, there was a decrease of 33%. The value surged by 257% from 2007 to 2012, and from 2003 to 2007, it increased by 181%. The increase from 2002 to 2003 was 9%. The register has no figure for the years not mentioned.

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, with a median value of Rs 3,300 per sq.ft. Thavaammal Nagar's 2024 guideline value is below this median.

Stamp duty and registration fee for property in Thavaammal Nagar

For a 1,000 sq.ft plot at the current rate of Rs 2,700 per sq.ft, the guideline value amounts to Rs 27,00,000. The stamp duty at 7% would be Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, totaling Rs 2,43,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thavaammal Nagar?

The Sub Registrar Office that covers Thavaammal Nagar 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 plays a crucial role in property transactions in Kolathur. It is used to determine the stamp duty and registration fees that need to be paid during the registration process. Buyers and sellers should be aware that the guideline value is often considered as a baseline for these calculations.

When purchasing property, the guideline value ensures that the transaction is recorded accurately and fairly. It helps in maintaining transparency in property dealings and is essential for legal documentation during the sale or purchase of real estate.

Frequently asked questions

What is the current guideline value of Thavaammal Nagar?

The current guideline value of Thavaammal Nagar 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 changed significantly from Rs 229 per sq.ft in 2002 to Rs 2,700 per sq.ft in 2024, marking an overall increase of 1,079% over the years.

What is the role of the Sembiam SRO?

The Sembiam SRO is responsible for the registration of property transactions in Thavaammal Nagar and surrounding areas, ensuring that all legal requirements are met during property sales and purchases.

How is stamp duty calculated in Thavaammal Nagar?

Stamp duty in Thavaammal Nagar is calculated based on the guideline value or the sale price, whichever is higher. For example, for a plot valued at Rs 27,00,000, the stamp duty would be Rs 1,89,000 at 7%.

What should I do to find my SRO?

You can find your SRO by visiting the Sembiam Sub Registrar Office located at 5, Papermills Road, Sembiam, Chennai - 600011, or by using the link provided to find your SRO online.