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Guideline Value

Corporate

Guideline Value for Thirupathy Nagar 5th Cross Street

₹3300/sq.ft.

The guideline value for Thirupathy Nagar 5th Cross Street in Kolathur village (Sembiam SRO, Chennai zone) is Rs 3300 per sq.ft, effective 1 July 2024. It was Rs 3000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Kolathur

Village

Sembiam

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹3300 /sq.ft.
From 1-4-2023 ₹3000 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 ₹3000 /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 5th Cross Street

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Thirupathy Nagar 5th Cross Street guideline value

The current guideline value of Thirupathy Nagar 5th 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 5th Cross Street has changed

Over the years, the guideline value for Thirupathy Nagar 5th Cross Street has seen several revisions. The 2007 revision set the value at Rs 1,000 per sq.ft, which then increased to Rs 3,000 per sq.ft in the 2012 revision. This was a significant jump of 200%. The value remained unchanged at Rs 3,000 per sq.ft during the 2023 revision, but in the 2024 revision, it rose by 10% to the current rate of Rs 3,300 per sq.ft.

It is important to note that there are no figures available for this street in the revisions from 2002, 2003, and 2017. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 230%.

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 value for these streets is Rs 3,300 per sq.ft, which is equal to the current guideline value of Thirupathy Nagar 5th Cross Street.

Stamp duty and registration fee for property in Thirupathy Nagar 5th 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 is Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total to Rs 2,97,000. Please note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thirupathy Nagar 5th Cross Street?

The Sub Registrar Office that covers Thirupathy Nagar 5th Cross Street is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Kolathur

The guideline value plays a crucial role during property registration in Kolathur. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold. The values set in the guideline are updated periodically and reflect the prevailing rates in the area.

When you are registering a property, 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 aligned with the current market conditions.

Frequently asked questions

What is the current guideline value of Thirupathy Nagar 5th Cross Street?

The current guideline value of Thirupathy Nagar 5th 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 changed significantly from Rs 1,000 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, marking an overall increase of 230%.

What are the other streets in Kolathur with their guideline values?

Other streets in Kolathur include Thirupathy Nagar 4th Street, Thirupathy Nagar 5th Main Road, Thirupathy Nagar 4th Main Road, Thirupathy Nagar 5th Street, and Thirupathy Nagar 6th Street, with values ranging from Rs 3,300 to Rs 4,400 per sq.ft.

What is the stamp duty rate for properties in Thirupathy Nagar 5th Cross Street?

The stamp duty rate for properties in Thirupathy Nagar 5th Cross Street is 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office located for this area?

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