Guideline Value for Thirupathy Nagar 5th Main Road

Thirupathy Nagar 5th Main Road guideline value

The current guideline value of Thirupathy Nagar 5th Main Road is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Kolathur village under the Sembiam SRO, classified as Residential Special Type - I.

How the guideline value of Thirupathy Nagar 5th Main Road has changed

The guideline value for Thirupathy Nagar 5th Main Road has undergone several revisions over the years. In 2007, the value was set at Rs 1,000 per sq.ft, which 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, when it rose to Rs 4,400 per sq.ft, reflecting a 10% increase.

Overall, from 2007 to 2024, the guideline value has increased by 340%. The register does not have figures for the years 2002, 2003, and 2017 for this street.

Guideline values in Kolathur

In Kolathur, there are 879 streets under the Sembiam SRO with a 2024 guideline value ranging from Rs 2,200 to Rs 6,000 per sq.ft. The median value is Rs 3,300 per sq.ft, placing Thirupathy Nagar 5th Main Road above this median.

• Thirupathy Nagar 5th Cross Street: Rs 3,300 per sq.ft (2024)
• Thirupathy Nagar 5th Street: Rs 4,400 per sq.ft (2024)
• Thirupathy Nagar 4th Street: Rs 4,400 per sq.ft (2024)
• Thirupathy Nagar 6th Street: Rs 4,400 per sq.ft (2024)
• Thirupathy Nagar 4th Main Road: Rs 4,400 per sq.ft (2024)
• Thirupathy Nagar 7th Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Thirupathy Nagar 5th 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 at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, making the total cost 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. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thirupathy Nagar 5th Main Road?

The Sub Registrar Office that covers Thirupathy Nagar 5th Main Road 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 in the registration process of property transactions in Kolathur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency in the buying and selling process.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that both buyers and sellers are aware of the financial obligations involved in the transaction, based on the official valuation set by the government.

Frequently asked questions

What is the current guideline value of Thirupathy Nagar 5th Main Road?

The current guideline value of Thirupathy Nagar 5th 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 from Rs 1,000 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, showing an overall increase of 340% over the years.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000 and the registration fee would be Rs 88,000, totaling Rs 3,96,000.

Which office handles property registrations for Thirupathy Nagar 5th Main Road?

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

What is the median guideline value in Kolathur?

The median guideline value in Kolathur is Rs 3,300 per sq.ft, with Thirupathy Nagar 5th Main Road's value being above this median.