Guideline Value for Thirupathy Nagar 3rd Street

Thirupathy Nagar 3rd Street guideline value

The current guideline value of Thirupathy Nagar 3rd Street is Rs 4,400 per sq.ft. This street is located in Kolathur village, under the Sembiam SRO, and is classified as Residential Special Type - I.

How the guideline value of Thirupathy Nagar 3rd Street has changed

The guideline value for Thirupathy Nagar 3rd Street has undergone several revisions over the years. The earliest recorded figure is from 2007, where it was Rs 1,000 per sq.ft. This increased significantly to Rs 4,000 per sq.ft in 2012, marking a 300% rise. However, from 2012 to 2017, the value decreased to Rs 2,680 per sq.ft, reflecting a decline of 33%. The most recent revision in 2024 has set the value at Rs 4,400 per sq.ft, which is an increase of 64% from the 2017 figure.

It is important to note that there are no recorded figures for the years 2023, 2003, and 2002 for this street. Overall, from 2007 to 2024, the guideline value has increased by 340%.

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. The median value for these streets is Rs 3,300 per sq.ft, positioning Thirupathy Nagar 3rd Street's 2024 figure above this median.

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

Stamp duty and registration fee for property in Thirupathy Nagar 3rd 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, while 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 Thirupathy Nagar 3rd Street?

The Sub Registrar Office that covers Thirupathy Nagar 3rd 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 that need to be paid during the transaction.

When a property is registered, the guideline value is used to ensure that the correct fees are calculated based on the property's value. This helps maintain transparency and consistency in property transactions within the region.

Frequently asked questions

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

The current guideline value of Thirupathy Nagar 3rd 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 significantly from Rs 1,000 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of 340%.

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

Thirupathy Nagar 3rd Street is classified as Residential Special Type - I, indicating its suitability for residential development.

Where can I find the Sembiam Sub Registrar Office?

The Sembiam Sub Registrar Office is located at 5, Papermills Road, Sembiam, Chennai - 600011. This office handles the registration of properties in the area.

How is the stamp duty calculated for properties in Thirupathy Nagar 3rd Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applicable, ensuring that all transactions are properly documented.