Guideline Value for Thirupathy Nagar 2nd Cross Street Extension

Thirupathy Nagar 2nd Cross Street Extension guideline value

The current guideline value of Thirupathy Nagar 2nd Cross Street Extension is Rs 3,300 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 Class I Type - I.

How the guideline value of Thirupathy Nagar 2nd Cross Street Extension has changed

The guideline value for Thirupathy Nagar 2nd Cross Street Extension has seen several revisions over the years. In 2007, the guideline value was Rs 1,000 per sq.ft, which increased to Rs 3,000 per sq.ft in both 2012 and 2023. The most recent revision in 2024 raised the value to Rs 3,300 per sq.ft, marking a 10% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 230%. Notably, there are no figures available for the years 2002, 2003, and 2017 in the register 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. Thirupathy Nagar 2nd Cross Street Extension's 2024 figure aligns with this median.

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

Stamp duty and registration fee for property in Thirupathy Nagar 2nd 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, while the registration fee at 2% would be Rs 66,000, bringing the total to Rs 2,97,000. 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 Thirupathy Nagar 2nd Cross Street Extension?

The Thirupathy Nagar 2nd Cross Street Extension falls under the jurisdiction of 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 in the registration process of property transactions in Kolathur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of registration.

When buying or selling property, the guideline value ensures that the transaction is recorded at a value that reflects the prevailing rates in the area. This helps maintain transparency and fairness in property dealings.

Frequently asked questions

What is the current guideline value of Thirupathy Nagar 2nd Cross Street Extension?

The current guideline value of Thirupathy Nagar 2nd 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 increased 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 this property?

For a 1,000 sq.ft plot, the total guideline value is Rs 33,00,000. The stamp duty at 7% is Rs 2,31,000, and the registration fee at 2% is Rs 66,000, totaling Rs 2,97,000.

Which office handles the registration for Thirupathy Nagar 2nd Cross Street Extension?

The Sembiam Sub Registrar Office at 5, Papermills Road, Sembiam, Chennai - 600011 handles the registration for Thirupathy Nagar 2nd Cross Street Extension.

What is the land classification for this area?

The land classification for Thirupathy Nagar 2nd Cross Street Extension is Residential Class I Type - I.