Guideline Value for Thirupathy Nagar 3rd Cross Street

Thirupathy Nagar 3rd Cross Street guideline value

The current guideline value for Thirupathy Nagar 3rd Cross Street 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 3rd Cross Street has changed

The guideline value for Thirupathy Nagar 3rd Cross Street has undergone several revisions over the years. In 2007, the guideline value was Rs 1,000 per sq.ft, which increased significantly to Rs 3,000 per sq.ft in both the 2012 and 2023 revisions. The 2024 revision marks a further increase to Rs 3,300 per sq.ft, reflecting a 10% rise from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 230%. The register does not contain 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 carrying a 2024 guideline value ranging from Rs 2,200 to Rs 6,000 per sq.ft. The median guideline value for these streets is Rs 3,300 per sq.ft, which aligns with the 2024 figure for Thirupathy Nagar 3rd Cross Street.

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

Stamp duty and registration fee for property in Thirupathy Nagar 3rd Cross Street

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 cost for these 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 3rd Cross Street?

The Sub Registrar Office that covers Thirupathy Nagar 3rd Cross 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 in the registration process when buying or selling property in Kolathur. It is used to determine the stamp duty and registration fees, which are calculated based on the guideline value or the sale price, whichever is higher.

When engaging in property transactions, it is essential to be aware of the current guideline values to ensure compliance with local regulations and to understand the financial implications of the transaction.

Frequently asked questions

What is the current guideline value of Thirupathy Nagar 3rd Cross Street?

The current guideline value of Thirupathy Nagar 3rd Cross Street 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, marking a total increase of 230% over the years.

What is the land classification for Thirupathy Nagar 3rd Cross Street?

The land classification for Thirupathy Nagar 3rd Cross Street is Residential Class I Type - I.

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

For a 1,000 sq.ft plot, the total guideline value is Rs 33,00,000, resulting in a stamp duty of Rs 2,31,000 and a registration fee of Rs 66,000, totaling Rs 2,97,000.

Which office handles registrations for Thirupathy Nagar 3rd Cross Street?

The Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011, handles registrations for Thirupathy Nagar 3rd Cross Street.