Guideline Value for Thirupathy Nagar 4th Cross Street

Thirupathy Nagar 4th Cross Street guideline value

The current guideline value of Thirupathy Nagar 4th 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 Sub Registrar Office. The land classification for this area is Residential Class I Type - I.

How the guideline value of Thirupathy Nagar 4th Cross Street has changed

The guideline value for Thirupathy Nagar 4th Cross Street has seen significant changes over the years. The oldest recorded figure is from 2007, where the value was Rs 1,000 per sq.ft. This figure increased to Rs 3,000 per sq.ft in 2012, marking a 200% rise. The value remained unchanged at Rs 3,000 per sq.ft until the 2023 revision, which saw an increase to Rs 3,300 per sq.ft, a 10% rise from the previous year.

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

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 guideline value is Rs 3,300 per sq.ft, which is equal to the current value for Thirupathy Nagar 4th Cross Street.

• Thirupathy Nagar 3rd Street: Rs 4,400 per sq.ft (2024)
• Thirupathy Nagar 4th Main Road: Rs 4,400 per sq.ft (2024)
• Thirupathy Nagar 3rd Main Road: Rs 4,400 per sq.ft (2024)
• Thirupathy Nagar 4th Street: Rs 4,400 per sq.ft (2024)
• Thirupathy Nagar 3rd Cross Street Extension: Rs 3,300 per sq.ft (2024)
• Thirupathy Nagar 5th Cross Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Thirupathy Nagar 4th Cross Street

For a 1,000 sq.ft plot at the current rate of Rs 3,300 per sq.ft, the 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 to Rs 2,97,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Thirupathy Nagar 4th Cross Street?

The Thirupathy Nagar 4th Cross Street is covered by 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 during property transactions in Kolathur. It serves as a benchmark for determining the minimum value at which a property can be registered. When a buyer purchases a property, the registration office uses the guideline value to calculate the applicable stamp duty and registration fees.

Additionally, if the sale price of the property is lower than the guideline value, the higher guideline value will be used for fee calculations. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Thirupathy Nagar 4th Cross Street?

The current guideline value of Thirupathy Nagar 4th 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.

Which Sub Registrar Office covers this street?

The Sembiam Sub Registrar Office covers Thirupathy Nagar 4th Cross Street, located at 5, Papermills Road, Sembiam, Chennai - 600011.

What is the stamp duty rate applicable?

The stamp duty rate applicable for property transactions in this area is 7% of the guideline value or sale price, whichever is higher.

How is the guideline value determined?

The guideline value is determined by the Registration Department's guideline value register, which is revised periodically based on various factors affecting property values in the area.