Guideline Value

Corporate

Guideline Value for Thirupathy Nagar 4th Main Road

₹4400/sq.ft.

The guideline value for Thirupathy Nagar 4th Main Road in Kolathur village (Sembiam SRO, Chennai zone) is Rs 4400 per sq.ft, effective 1 July 2024. It was Rs 4000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Kolathur

Village

Sembiam

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹4400 /sq.ft.
From 1-4-2023 ₹4000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2680 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1000 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

5, Papermills Road, Sembiam, Chennai - 600011.
044-26702002
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Thirupathy Nagar 4th Main Road

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Thirupathy Nagar 4th Main Road guideline value

The current guideline value of Thirupathy Nagar 4th Main Road is Rs 4,400 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 Special Type - I.

How the guideline value of Thirupathy Nagar 4th Main Road has changed

The guideline value for Thirupathy Nagar 4th Main Road has seen several revisions over the years. The 2007 revision set the value at Rs 1,000 per sq.ft, which increased significantly to Rs 4,000 per sq.ft in 2012. However, there was a decrease to Rs 2,680 per sq.ft in the 2017 revision. The value then rose to Rs 4,000 per sq.ft in 2023, and the most recent revision in 2024 set it at Rs 4,400 per sq.ft, reflecting a 10% increase from the previous year.

From 2017 to 2023, there was a substantial increase of 49%. The 2012 to 2017 period saw a decrease of 33%, while the jump from 2007 to 2012 was a remarkable 300%. Overall, from 2007 to 2024, the guideline value has increased by 340%. The register has no figures for the years 2002 and 2003 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. The guideline value for Thirupathy Nagar 4th Main Road is above this median.

Stamp duty and registration fee for property in Thirupathy Nagar 4th Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value amounts to Rs 44,00,000. The stamp duty, charged at 7%, would be Rs 3,08,000, while the registration fee at 2% would be Rs 88,000, bringing the total fees to Rs 3,96,000. It is important to note that 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 4th Main Road?

The Thirupathy Nagar 4th Main Road 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 is an essential 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 applicable to the transaction. Buyers and sellers should be aware that the guideline value may influence the overall costs involved in property transactions.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the registration process is transparent and reflects the current market conditions.

Frequently asked questions

What is the current guideline value of Thirupathy Nagar 4th Main Road?

The current guideline value of Thirupathy Nagar 4th Main Road 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% over this period.

What are the stamp duty rates for properties in this area?

The stamp duty for properties in Thirupathy Nagar 4th Main Road is charged at 7% of the higher of the guideline value or the sale price.

Which office handles registrations for Thirupathy Nagar 4th Main Road?

The Sembiam Sub Registrar Office handles registrations for Thirupathy Nagar 4th Main Road, located at 5, Papermills Road, Sembiam, Chennai - 600011.

What is the land classification for Thirupathy Nagar 4th Main Road?

The land classification for Thirupathy Nagar 4th Main Road is Residential Special Type - I.