Guideline Value

Corporate

Guideline Value for Thenpalani Nagar 1st Street

₹4400/sq.ft.

The guideline value for Thenpalani Nagar 1st 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 1st Street

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Thenpalani Nagar 1st Street guideline value

The current guideline value of Thenpalani Nagar 1st 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 1st Street has changed

The guideline value for Thenpalani Nagar 1st Street has undergone several revisions over the years. The oldest recorded revision 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, marking a change of +471%. The value remained unchanged at Rs 4,000 per sq.ft until the next revision in 2023, where it increased to Rs 4,400 per sq.ft, reflecting a change of +10%.

From 2007 to 2024, the overall change in guideline value is +529%, culminating in the current value of Rs 4,400 per sq.ft. The register does not have figures for the years 2002, 2003, and 2017 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, with a median value of Rs 3,300 per sq.ft. The guideline value of Thenpalani Nagar 1st Street is above this median.

Stamp duty and registration fee for property in Thenpalani Nagar 1st 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 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.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thenpalani Nagar 1st Street?

The Sub Registrar Office that covers Thenpalani Nagar 1st 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 process of property transactions. It is used to determine the applicable stamp duty and registration fees, ensuring that both buyers and sellers are aware of the financial implications of the transaction.

When buying or selling property in Kolathur, it is essential to refer to the guideline value as it affects the overall costs involved in the registration process. Knowing the guideline value helps in making informed decisions regarding property transactions.

Frequently asked questions

What is the current guideline value of Thenpalani Nagar 1st Street?

The current guideline value of Thenpalani Nagar 1st 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, marking 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 18th Street, 2nd Street, 17th Street, 3rd Street, 16th Street, and 4th Street.

Where is the Sembiam Sub Registrar Office located?

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

How is stamp duty calculated for properties in Thenpalani Nagar 1st Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current rate would incur a stamp duty of Rs 3,08,000.