Guideline Value

Corporate

Guideline Value for Thenpalani Nagar 18th Street

₹4400/sq.ft.

The guideline value for Thenpalani Nagar 18th Street in Kolathur village (Sembiam SRO, Chennai zone) is Rs 4400 per sq.ft, effective 1 July 2024. It was Rs 4000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Kolathur

Village

Sembiam

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹4400 /sq.ft.
From 1-4-2023 ₹4000 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 ₹4000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹700 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

5, Papermills Road, Sembiam, Chennai - 600011.
044-26702002
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Thenpalani Nagar 18th Street

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Thenpalani Nagar 18th Street guideline value

The current guideline value of Thenpalani Nagar 18th 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 18th Street has changed

The guideline value for Thenpalani Nagar 18th Street has undergone several revisions over the years. The oldest figure in the register is from 2007, when the guideline value was Rs 700 per sq.ft. This was followed by a significant increase to Rs 4,000 per sq.ft in 2012, representing a change of +471%. The value remained unchanged at Rs 4,000 per sq.ft until the next revision in 2023, when it increased to Rs 4,400 per sq.ft, marking a change of +10%. The current figure of Rs 4,400 per sq.ft will be effective from 1 July 2024.

There are no recorded figures for the revisions in 2002, 2003, and 2017 for this street. Overall, from 2007 to 2024, 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. The median guideline value for these streets is Rs 3,300 per sq.ft, placing Thenpalani Nagar 18th Street's current value above that median.

Stamp duty and registration fee for property in Thenpalani Nagar 18th 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. Please note that the 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 further calculations.

Which Sub Registrar Office covers Thenpalani Nagar 18th Street?

The Sub Registrar Office that covers Thenpalani Nagar 18th 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 important factor during the registration of property transactions in Kolathur. It is used to determine the stamp duty and registration fees applicable when a property is bought or sold. The guideline value serves as a reference point for both buyers and sellers in the real estate market.

When a property is registered, the stamp duty is calculated based on the higher value between the guideline value and the sale price. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Thenpalani Nagar 18th Street?

The current guideline value of Thenpalani Nagar 18th 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 18th Street?

The land classification for Thenpalani Nagar 18th Street is Residential Special Type - I.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Thenpalani Nagar 18th Street is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011.

How is stamp duty calculated for properties in Kolathur?

Stamp duty for properties in Kolathur is calculated based on the higher of the guideline value or the sale price. This ensures that the appropriate fees are collected during property transactions.