Guideline Value for Thenpalani Nagar 14th Street

Thenpalani Nagar 14th Street guideline value

The current guideline value of Thenpalani Nagar 14th 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 14th Street has changed

Over the years, the guideline value of Thenpalani Nagar 14th Street has seen significant changes. In 2007, the value was Rs 700 per sq.ft, which increased to Rs 4,000 per sq.ft in 2012. This marked an increase of 471%. The value remained at Rs 4,000 per sq.ft until the 2023 revision, which raised it to Rs 4,400 per sq.ft, reflecting a 10% increase. The current value of Rs 4,400 per sq.ft is effective from 1 July 2024.

The revisions for the years 2017, 2003, and 2002 do not have any figures recorded for this street in the register.

Guideline values in Kolathur

Kolathur village has a total of 879 streets under the Sembiam SRO, with guideline values for 2024 ranging from Rs 2,200 to Rs 6,000 per sq.ft. The median guideline value in the village is Rs 3,300 per sq.ft, placing Thenpalani Nagar 14th Street's 2024 figure above this median.

• Thenpalani Nagar 13th Street: Rs 4,400 per sq.ft (2024)
• Thenpalani Nagar 15th Street: Rs 4,400 per sq.ft (2024)
• Thenpalani Nagar 12th Street: Rs 4,400 per sq.ft (2024)
• Thenpalani Nagar 16th Street: Rs 4,400 per sq.ft (2024)
• Thenpalani Nagar 11th Street: Rs 4,400 per sq.ft (2024)
• Thenpalani Nagar 17th Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Thenpalani Nagar 14th 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% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total to Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Thenpalani Nagar 14th Street?

The Sub Registrar Office that covers Thenpalani Nagar 14th Street is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process 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 a property, the guideline value is essential for both parties to understand the financial implications of the transaction. It is advisable to consult the latest figures to ensure compliance with the registration requirements.

Frequently asked questions

What is the current guideline value of Thenpalani Nagar 14th Street?

The current guideline value of Thenpalani Nagar 14th 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, reflecting an overall increase of 529% over the years.

What are the other streets in Kolathur with the same guideline value?

Other streets in Kolathur with the same guideline value of Rs 4,400 per sq.ft include Thenpalani Nagar 11th, 12th, 13th, 15th, 16th, and 17th Streets.

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 stamp duty calculated for properties in Thenpalani Nagar 14th Street?

Stamp duty for properties in Thenpalani Nagar 14th Street is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 44,00,000 would incur a stamp duty of Rs 3,08,000.