Guideline Value

Corporate

Guideline Value for Thenpalani Nagar 7th Street

₹4400/sq.ft.

The guideline value for Thenpalani Nagar 7th 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 ₹2680 /sq.ft.
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 7th Street

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Thenpalani Nagar 7th Street guideline value

The current guideline value of Thenpalani Nagar 7th 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 the land classification is Residential Special Type - I.

How the guideline value of Thenpalani Nagar 7th Street has changed

The guideline value for Thenpalani Nagar 7th Street has undergone several revisions over the years. The 2007 revision set the value at Rs 700 per sq.ft, which increased significantly to Rs 4,000 per sq.ft in 2012. However, from 2012 to 2017, the value decreased to Rs 2,680 per sq.ft. The 2023 revision saw a substantial rise to Rs 4,000 per sq.ft, followed by a further increase to Rs 4,400 per sq.ft in the 2024 revision.

Overall, the changes from the 2007 revision to the 2024 revision reflect a remarkable increase of 529%. Specifically, the guideline value rose by 471% from 2007 to 2012, then decreased by 33% until 2017, and subsequently increased by 49% from 2017 to 2023, culminating in a 10% rise from 2023 to 2024.

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 value for these streets is Rs 3,300 per sq.ft, placing Thenpalani Nagar 7th Street above this median.

Stamp duty and registration fee for property in Thenpalani Nagar 7th 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, while the registration fee at 2% would be Rs 88,000, bringing the total cost for these fees 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 the stamp duty and registration fee calculator for more accurate calculations based on your property details.

Which Sub Registrar Office covers Thenpalani Nagar 7th Street?

The Sub Registrar Office that covers Thenpalani Nagar 7th 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 a crucial factor in the registration process when buying or selling property in Kolathur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value is compared to the sale price, and the duty is charged on the higher of the two. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Thenpalani Nagar 7th Street?

The current guideline value of Thenpalani Nagar 7th 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 seen several revisions: Rs 700 per sq.ft in 2007, Rs 4,000 per sq.ft in 2012, Rs 2,680 per sq.ft in 2017, Rs 4,000 per sq.ft in 2023, and finally Rs 4,400 per sq.ft in 2024.

What is the median guideline value in Kolathur?

The median guideline value in Kolathur for 2024 is Rs 3,300 per sq.ft, with Thenpalani Nagar 7th Street's value being above this median.

What are the stamp duty and registration fees for properties in Thenpalani Nagar 7th Street?

For a 1,000 sq.ft plot, the total guideline value is Rs 44,00,000, resulting in a stamp duty of Rs 3,08,000 and a registration fee of Rs 88,000, totaling Rs 3,96,000.

Where is the Sub Registrar Office for Thenpalani Nagar 7th Street located?

The Sub Registrar Office for Thenpalani Nagar 7th Street is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011.