Guideline Value for Thirupathy Nagar Extension

Thirupathy Nagar Extension guideline value

The current guideline value of Thirupathy Nagar Extension is Rs 4,400 per sq.ft, effective from 1 July 2024. This area is located in Kolathur village and falls under the Sembiam SRO. The land classification for this region is Residential Special Type - I.

How the guideline value of Thirupathy Nagar Extension has changed

The guideline value for Thirupathy Nagar Extension has seen significant changes over the years. In 2002, the value was Rs 288 per sq.ft, which increased to Rs 313 per sq.ft in 2003. The value continued to rise, reaching Rs 1,100 per sq.ft in 2007, and then to Rs 4,000 per sq.ft in 2012. The register has no figure for this street in 2017. In 2023, the value remained at Rs 4,000 per sq.ft, before increasing to Rs 4,400 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 1428%. The most significant jump occurred between 2007 and 2012, where the value surged by 264%. Other notable increases include a 251% rise from 2003 to 2007 and a 9% increase from 2002 to 2003.

Guideline values in Kolathur

In Kolathur, there are 879 streets under the Sembiam SRO, with guideline values 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, placing Thirupathy Nagar Extension's 2024 figure above this median.

• Thirupathy Nagar 9th Street: Rs 4,400 per sq.ft (2024)
• Thirupathy Nagar 8th Street: Rs 4,400 per sq.ft (2024)
• Thirupathy Nagar North Extension Sri Karpaga Vinayagar 6th Cross Street: Rs 3,300 per sq.ft (2024)
• Thirupathy Nagar 7th Street: Rs 4,400 per sq.ft (2024)
• Thirupathy Nagar 6th 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 Extension

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, while the registration fee at 2% would be Rs 88,000, bringing the total cost for these fees to 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 Extension?

The Sub Registrar Office that covers Thirupathy Nagar Extension 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 is an essential factor during the registration of property transactions in Kolathur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property.

When a property is registered, the guideline value is used to calculate the applicable fees, ensuring that the transaction reflects the current market standards set by the registration department.

Frequently asked questions

What is the current guideline value of Thirupathy Nagar Extension?

The current guideline value of Thirupathy Nagar Extension 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 288 per sq.ft in 2002 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of 1428% over this period.

What are the stamp duty and registration fees for properties in Thirupathy Nagar Extension?

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 in Thirupathy Nagar Extension?

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

What is the land classification for Thirupathy Nagar Extension?

The land classification for Thirupathy Nagar Extension is Residential Special Type - I, which indicates its designated use for residential purposes.