Guideline Value for Thenpalani Nagar 17th Street

Thenpalani Nagar 17th Street guideline value

The current guideline value of Thenpalani Nagar 17th Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Kolathur village, under the Sembiam Sub Registrar Office (SRO), and is classified as Residential Special Type - I.

How the guideline value of Thenpalani Nagar 17th Street has changed

The guideline value for Thenpalani Nagar 17th Street has experienced significant changes over the years. In the 2007 revision, the guideline value was Rs 700 per sq.ft, which saw a remarkable increase to Rs 4,000 per sq.ft in both the 2012 and 2023 revisions. However, there was no figure available for the years 2002, 2003, and 2017.

As of the 2024 revision, the guideline value has risen to Rs 4,400 per sq.ft, marking a 10% increase from the 2023 figure. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 529%.

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. The guideline value of Thenpalani Nagar 17th Street is above this median.

• Thenpalani Nagar 16th Street: Rs 4,400 per sq.ft (2024)
• Thenpalani Nagar 18th Street: Rs 4,400 per sq.ft (2024)
• Thenpalani Nagar 15th Street: Rs 4,400 per sq.ft (2024)
• Thenpalani Nagar 1st Street: Rs 4,400 per sq.ft (2024)
• Thenpalani Nagar 14th Street: Rs 4,400 per sq.ft (2024)
• Thenpalani Nagar 2nd Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Thenpalani Nagar 17th 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, resulting in a total of Rs 3,96,000. Please note that duty is charged on the higher of the guideline value and the sale price. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thenpalani Nagar 17th Street?

The Sub Registrar Office that covers Thenpalani Nagar 17th 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 in the property registration process in Kolathur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When buying or selling property, the guideline value is considered to ensure that the transaction is registered at a fair value. This helps in maintaining transparency and accountability in real estate transactions.

Frequently asked questions

What is the current guideline value of Thenpalani Nagar 17th Street?

The current guideline value of Thenpalani Nagar 17th Street is Rs 4,400 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased significantly 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 period.

What is the land classification for Thenpalani Nagar 17th Street?

Thenpalani Nagar 17th Street is classified as Residential Special Type - I, indicating its suitability for residential development.

Where can I find the Sembiam Sub Registrar Office?

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

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

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