Guideline Value for Thirupathy Nagar 4th Street

Thirupathy Nagar 4th Street guideline value

The current guideline value of Thirupathy Nagar 4th Street is Rs 4,400 per sq.ft, effective from 1 July 2024. 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 4th Street has changed

The guideline value for Thirupathy Nagar 4th Street has undergone several revisions over the years. The earliest recorded revision is from 2007, where the guideline value was Rs 1,000 per sq.ft. This increased significantly to Rs 4,000 per sq.ft in 2012, marking a 300% rise. The value remained unchanged at Rs 4,000 per sq.ft until the next revision in 2023.

In 2023, the guideline value increased to Rs 4,400 per sq.ft, reflecting a 10% rise from the previous year. As of the 2024 revision, this value remains at Rs 4,400 per sq.ft. It is important to note that there are no figures available for the years 2002, 2003, and 2017 for this street.

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, with a median value of Rs 3,300 per sq.ft. The guideline value for Thirupathy Nagar 4th Street is above this median.

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

Stamp duty and registration fee for property in Thirupathy Nagar 4th 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, and the registration fee at 2% would be Rs 88,000, leading to a total of Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thirupathy Nagar 4th Street?

The Thirupathy Nagar 4th 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 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, which are calculated based on this value.

When you register a property, the guideline value helps ensure that the transaction is recorded at a fair value, reflecting the current market conditions. Buyers and sellers must be aware of these values to understand their financial obligations during the registration process.

Frequently asked questions

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

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

What is the classification of Thirupathy Nagar 4th Street?

Thirupathy Nagar 4th Street is classified as Residential Special Type - I.

Where can I find the Sembiam Sub Registrar Office?

The Sembiam Sub Registrar Office is located at 5, Papermills Road, Sembiam, Chennai - 600011.

What is the stamp duty rate for properties in Thirupathy Nagar 4th Street?

The stamp duty rate for properties in Thirupathy Nagar 4th Street is 7% of the guideline value or the sale price, whichever is higher.