Guideline Value for Thenpalani Nagar 11th Street

Thenpalani Nagar 11th Street guideline value

The current guideline value of Thenpalani Nagar 11th Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Kolathur village, under the Sembiam SRO, and is classified as Residential Special Type - I.

How the guideline value of Thenpalani Nagar 11th Street has changed

The guideline value for Thenpalani Nagar 11th Street has undergone several revisions over the years. The earliest recorded figure is from 2007, where the value was Rs 700 per sq.ft. This increased significantly to Rs 4,000 per sq.ft in 2012, marking a change of +471%. The value remained unchanged at Rs 4,000 per sq.ft until the 2023 revision, which set the value at Rs 4,000 per sq.ft. The most recent revision in 2024 saw an increase to Rs 4,400 per sq.ft, reflecting a change of +10% from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by +529%. It is important to note that there are no figures available for the years 2002, 2003, and 2017 in the register for this street.

Guideline values in Kolathur

In Kolathur, there are 879 streets under the Sembiam SRO that have a 2024 guideline value ranging from Rs 2,200 to Rs 6,000 per sq.ft, with a median of Rs 3,300 per sq.ft. The guideline value for Thenpalani Nagar 11th Street is above this median.

• Thenpalani Nagar 10th Street: Rs 4,400 per sq.ft (2024)
• Thenpalani Nagar 12th Street: Rs 4,400 per sq.ft (2024)
• Thenpalani Nagar 13th Street: Rs 4,400 per sq.ft (2024)
• Thenpalani Nagar 14th Street: Rs 4,400 per sq.ft (2024)
• Thenpalani Nagar 15th Street: Rs 4,400 per sq.ft (2024)
• Thenpalani Nagar 16th Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Thenpalani Nagar 11th Street

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% is Rs 3,08,000, and the registration fee at 2% is Rs 88,000, bringing the total fees together to Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thenpalani Nagar 11th Street?

The Sub Registrar Office that covers Thenpalani Nagar 11th 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 a critical factor when registering property transactions in Kolathur. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, the guideline value helps establish a fair price for the transaction. It is important for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Thenpalani Nagar 11th Street?

The current guideline value of Thenpalani Nagar 11th Street 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 700 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, marking an overall increase of +529% over this period.

What are the stamp duty and registration fees for property in Thenpalani Nagar 11th Street?

For a 1,000 sq.ft plot, the total guideline value is Rs 44,00,000, with stamp duty of Rs 3,08,000 and registration fee of Rs 88,000, totaling Rs 3,96,000.

Which office handles registrations for Thenpalani Nagar 11th Street?

The Sembiam Sub Registrar Office handles registrations for Thenpalani Nagar 11th Street, located at 5, Papermills Road, Sembiam, Chennai - 600011.

What is the land classification for Thenpalani Nagar 11th Street?

The land classification for Thenpalani Nagar 11th Street is Residential Special Type - I.