Guideline Value for Thenpalani Nagar 13th Street

Thenpalani Nagar 13th Street guideline value

The current guideline value of Thenpalani Nagar 13th Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Kolathur village and falls under the Sembiam SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of Thenpalani Nagar 13th Street has changed

The guideline value for Thenpalani Nagar 13th Street has seen several revisions over the years. The earliest recorded figure is from 2007, where the value was Rs 700 per sq.ft. This figure saw a significant increase to Rs 4,000 per sq.ft in 2012, which remained unchanged until the 2023 revision. In 2023, the value was again Rs 4,000 per sq.ft, but in 2024, it rose to Rs 4,400 per sq.ft, marking a 10% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 529%. The register does not have figures for the years 2017, 2003, and 2002 for this street.

Guideline values in Kolathur

In Kolathur, there are 879 streets under the Sembiam SRO with a 2024 guideline value ranging from Rs 2,200 to Rs 6,000 per sq.ft. The median value is Rs 3,300 per sq.ft, placing Thenpalani Nagar 13th Street's 2024 figure above this median.

• Thenpalani Nagar 12th Street: Rs 4,400 per sq.ft (2024)
• Thenpalani Nagar 14th Street: Rs 4,400 per sq.ft (2024)
• Thenpalani Nagar 11th Street: Rs 4,400 per sq.ft (2024)
• Thenpalani Nagar 15th Street: Rs 4,400 per sq.ft (2024)
• Thenpalani Nagar 10th 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 13th Street

For a 1,000 sq.ft plot at the current rate of Rs 4,400 per sq.ft, the 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, resulting in a total of Rs 3,96,000. 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 Thenpalani Nagar 13th Street?

The Sub Registrar Office that covers Thenpalani Nagar 13th 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 an essential factor during the registration of property transactions in Kolathur. It is used to calculate the stamp duty and registration fees, which are mandatory costs associated with property purchases.

When buying or selling a property, the guideline value helps determine the official value of the property for registration purposes. This ensures that the transaction is recorded accurately and that the appropriate taxes are collected by the government.

Frequently asked questions

What is the current guideline value of Thenpalani Nagar 13th Street?

The current guideline value of Thenpalani Nagar 13th 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 increased from Rs 700 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024. This marks an overall increase of 529% from 2007 to 2024.

What are the guideline values of other streets in Kolathur?

Other streets in Kolathur have a guideline value of Rs 4,400 per sq.ft for the 2024 revision. These include Thenpalani Nagar 12th, 14th, 11th, 15th, 10th, and 16th Streets.

Where is the Sembiam Sub Registrar Office located?

The Sembiam Sub Registrar Office is located at 5, Papermills Road, Sembiam, Chennai - 600011. This office handles registrations for properties in the area.

How is the stamp duty calculated for properties in Thenpalani Nagar 13th Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000.