Guideline Value for Thenpalani Nagar 12th Street

Thenpalani Nagar 12th Street guideline value

The current guideline value of Thenpalani Nagar 12th Street is Rs 4,400 per sq.ft. This street is located in Kolathur village, under the Sembiam SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of Thenpalani Nagar 12th Street has changed

The guideline value for Thenpalani Nagar 12th Street has undergone several revisions over the years. The earliest recorded figure is from 2007, which was Rs 700 per sq.ft. This value saw a significant increase 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, when it increased to Rs 4,400 per sq.ft, a rise of +10%.

From 2007 to 2024, the overall increase in the guideline value is +529%. The 2024 revision, effective from 1 July 2024, sets the current guideline value at Rs 4,400 per sq.ft. There are no figures available for the revisions in 2017, 2003, and 2002 for this street.

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 for these streets is Rs 3,300 per sq.ft, placing Thenpalani Nagar 12th Street's 2024 figure above that median.

• Thenpalani Nagar 11th Street: Rs 4,400 per sq.ft (2024)
• Thenpalani Nagar 13th Street: Rs 4,400 per sq.ft (2024)
• Thenpalani Nagar 10th 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 12th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total fees to Rs 3,96,000. The duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Thenpalani Nagar 12th Street?

The Sub Registrar Office that covers Thenpalani Nagar 12th 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 plays a crucial role during the registration of property transactions in Kolathur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees.

When buying or selling property, the guideline value is compared with the sale price. The higher of the two values is used to calculate the applicable stamp duty and registration fees, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Thenpalani Nagar 12th Street?

The current guideline value of Thenpalani Nagar 12th 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 the years.

What is the land classification for Thenpalani Nagar 12th Street?

The land classification for Thenpalani Nagar 12th Street is Residential Special Type - I.

Where can I find the Sembiam Sub Registrar Office?

The Sembiam Sub Registrar Office is located at 5, Papermills Road, Sembiam, Chennai - 600011.

How is the stamp duty calculated for property transactions?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. The current rate for stamp duty is 7%, while the registration fee is 2% of the guideline value or sale price.