Guideline Value for Thirupathy Nagar North Extension Sri Karpaga Vinayagar 6th Cross Street

Thirupathy Nagar North Extension Sri Karpaga Vinayagar 6th Cross Street guideline value

The current guideline value of Thirupathy Nagar North Extension Sri Karpaga Vinayagar 6th Cross Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Kolathur village, under the jurisdiction of the Sembiam SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Thirupathy Nagar North Extension Sri Karpaga Vinayagar 6th Cross Street has changed

The guideline value for Thirupathy Nagar North Extension Sri Karpaga Vinayagar 6th Cross Street has undergone several revisions over the years. In 2003, the guideline value was Rs 332 per sq.ft, which increased significantly to Rs 1,000 per sq.ft in 2007, marking a change of +201%. The value remained at Rs 3,000 per sq.ft from 2007 until the 2012 revision, which saw another increase to Rs 3,000 per sq.ft. There is no figure available for the year 2017.

In 2023, the guideline value was revised to Rs 3,000 per sq.ft, and then increased to Rs 3,300 per sq.ft in 2024, reflecting a change of +10%. Overall, from 2003 to 2024, the guideline value has increased by +894%.

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 guideline value is Rs 3,300 per sq.ft, which is the same as the current value for Thirupathy Nagar North Extension Sri Karpaga Vinayagar 6th Cross Street.

• Thirupathy Nagar Extension: Rs 4,400 per sq.ft (2024)
• Thirupathy Nagar 9th Street: Rs 4,400 per sq.ft (2024)
• Thirupathy Nagar 8th Street: Rs 4,400 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 North Extension Sri Karpaga Vinayagar 6th 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 would be 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, making the total fees Rs 2,97,000. Please note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thirupathy Nagar North Extension Sri Karpaga Vinayagar 6th Cross Street?

The Thirupathy Nagar North Extension Sri Karpaga Vinayagar 6th Cross Street falls under 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 a critical factor in the registration process when buying or selling property in Kolathur. It serves as a reference point for determining the stamp duty and registration fees applicable to the property transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher amount is used to calculate the necessary fees. This ensures that the appropriate taxes are collected based on the value of the property being transferred.

Frequently asked questions

What is the current guideline value for Thirupathy Nagar North Extension Sri Karpaga Vinayagar 6th Cross Street?

The current guideline value for Thirupathy Nagar North Extension Sri Karpaga Vinayagar 6th Cross Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly from Rs 332 per sq.ft in 2003 to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of +894% over the years.

What are the stamp duty and registration fees for this property?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 2,31,000 and the registration fee would be Rs 66,000, totaling Rs 2,97,000.

Which office handles the registration of properties in this area?

The Sembiam Sub Registrar Office handles the registration of properties in Thirupathy Nagar North Extension Sri Karpaga Vinayagar 6th Cross Street, located at 5, Papermills Road, Sembiam, Chennai - 600011.

What is the land classification for this street?

The land classification for Thirupathy Nagar North Extension Sri Karpaga Vinayagar 6th Cross Street is Residential Class I Type - I.