Guideline Value for Thenpalani Nagar 5th Street

Thenpalani Nagar 5th Street guideline value

The current guideline value for Thenpalani Nagar 5th 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 with a land classification of Residential Special Type - I.

How the guideline value of Thenpalani Nagar 5th Street has changed

The guideline value for Thenpalani Nagar 5th Street has undergone several revisions over the years. The oldest recorded revision is from 2007, where the guideline value was Rs 700 per sq.ft. This value 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, which also recorded Rs 4,000 per sq.ft.

The most recent revision in 2024 saw the guideline value rise to Rs 4,400 per sq.ft, reflecting a change of +10% from the previous year. 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 have 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 for Thenpalani Nagar 5th Street is above this median.

• Thenpalani Nagar 4th Street: Rs 4,400 per sq.ft (2024)
• Thenpalani Nagar 6th Street: Rs 4,400 per sq.ft (2024)
• Thenpalani Nagar 3rd Street: Rs 4,400 per sq.ft (2024)
• Thenpalani Nagar 7th Street: Rs 4,400 per sq.ft (2024)
• Thenpalani Nagar 2nd Street: Rs 4,400 per sq.ft (2024)
• Thenpalani Nagar 8th Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Thenpalani Nagar 5th 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.

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

Which Sub Registrar Office covers Thenpalani Nagar 5th Street?

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

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 based on this value.

When buying or selling property, it is essential to be aware of the current guideline value, as it can significantly impact the overall costs involved in the transaction. Buyers should ensure that the sale price is in line with the guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value for Thenpalani Nagar 5th Street?

The current guideline value for Thenpalani Nagar 5th 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 5th Street?

Thenpalani Nagar 5th Street is classified as Residential Special Type - I.

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 5th Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 4,400 per sq.ft, the stamp duty would be Rs 3,08,000.