Guideline Value for Thirupathy Nagar 1st Cross Street Extension

Thirupathy Nagar 1st Cross Street Extension guideline value

The current guideline value of Thirupathy Nagar 1st Cross Street Extension is Rs 3,300 per sq.ft, effective from 1 July 2024. This property is located in Kolathur village under the Sembiam SRO, classified as Residential Class I Type - I.

How the guideline value of Thirupathy Nagar 1st Cross Street Extension has changed

The guideline value for Thirupathy Nagar 1st Cross Street Extension has undergone several revisions over the years. The earliest recorded revision is from 2007, where the guideline value was Rs 1,000 per sq.ft. This figure remained until the 2012 revision, which also recorded a value of Rs 3,000 per sq.ft. The value did not change again until the 2023 revision, where it remained at Rs 3,000 per sq.ft. However, in the 2024 revision, the value increased to Rs 3,300 per sq.ft, marking a 10% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 230%. The revisions for the years 2017, 2003, and 2002 do not have any figures recorded for this street.

Guideline values in Kolathur

In Kolathur, there are a total of 879 streets under the Sembiam SRO, with the 2024 guideline values 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, which is equal to the current guideline value for Thirupathy Nagar 1st Cross Street Extension.

• Thirupathy Nagar 1st Cross Street: Rs 3,300 per sq.ft (2024)
• Thirupathy Nagar 1st Main Road: Rs 4,400 per sq.ft (2024)
• Thirupathy Nagar 1st Street: Rs 4,400 per sq.ft (2024)
• Thirupathy Nagar 2nd Cross Street: Rs 3,300 per sq.ft (2024)
• Thirupathy Nagar 2nd Cross Street Extension: Rs 3,300 per sq.ft (2024)
• Thirupathy Nagar 2nd Main Road: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Thirupathy Nagar 1st Cross Street Extension

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total fees to Rs 2,97,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Thirupathy Nagar 1st Cross Street Extension?

The Thirupathy Nagar 1st Cross Street Extension falls under 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 during property registration in Kolathur. It serves as a benchmark for determining the stamp duty and registration fees applicable to a property transaction. Buyers and sellers should be aware that the guideline value is used to calculate these fees, ensuring compliance with local regulations.

When a property is sold, the guideline value can influence the sale price, as it provides a standard reference point for both parties. This ensures a transparent and fair process during the registration of property transactions in the region.

Frequently asked questions

What is the current guideline value of Thirupathy Nagar 1st Cross Street Extension?

The current guideline value of Thirupathy Nagar 1st Cross Street Extension is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 1,000 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, which is a total increase of 230% over the years.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000 and the registration fee would be Rs 66,000, totaling Rs 2,97,000.

Which office handles property registrations for Thirupathy Nagar 1st Cross Street Extension?

The Sembiam Sub Registrar Office handles property registrations for Thirupathy Nagar 1st Cross Street Extension, located at 5, Papermills Road, Sembiam, Chennai - 600011.

What is the land classification for Thirupathy Nagar 1st Cross Street Extension?

The land classification for Thirupathy Nagar 1st Cross Street Extension is Residential Class I Type - I.