Guideline Value for Thiruveedhiamman Koil 3rd Cross Street

Thiruveedhiamman Koil 3rd Cross Street guideline value

The current guideline value of Thiruveedhiamman Koil 3rd Cross Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Kolathur village, under the Sembiam SRO, and falls under the Residential Class IV Type - I land classification.

How the guideline value of Thiruveedhiamman Koil 3rd Cross Street has changed

The guideline value for Thiruveedhiamman Koil 3rd Cross Street has seen several revisions over the years. In 2007, the value was Rs 700 per sq.ft, which increased significantly to Rs 2,000 per sq.ft in 2012, marking a 186% rise. However, this value dropped to Rs 1,340 per sq.ft in 2017, a decrease of 33%. The most recent revision in 2024 set the value at Rs 2,200 per sq.ft, representing a 64% increase from the 2017 figure.

There are no figures available for the years 2023, 2003, and 2002 for this street. Overall, from 2007 to 2024, the guideline value has increased by 214%.

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, with a median value of Rs 3,300 per sq.ft. The guideline value for Thiruveedhiamman Koil 3rd Cross Street is below this median.

• Thiruveedhiamman Koil 4th Cross Street: Rs 2,200 per sq.ft (2024)
• Thiruveedhiamman Koil 2nd Cross Street: Rs 2,200 per sq.ft (2024)
• Thiruveedhiamman Koil 1st Cross Street: Rs 2,200 per sq.ft (2024)
• Thiruveedhiamman Koil Street: Rs 2,700 per sq.ft (2024)
• Thiruvalluvar Nagar Extension: Rs 2,700 per sq.ft (2024)
• Thiruvalluvar Nagar 4th Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruveedhiamman Koil 3rd Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total to Rs 1,98,000. Please note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thiruveedhiamman Koil 3rd Cross Street?

The Thiruveedhiamman Koil 3rd Cross Street falls under the jurisdiction of 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 that need to be paid at the time of registration.

When a property is sold, the guideline value is used to ensure that the transaction is recorded accurately, reflecting the official valuation of the property. This helps maintain transparency in property transactions and ensures compliance with local regulations.

Frequently asked questions

What is the current guideline value of Thiruveedhiamman Koil 3rd Cross Street?

The current guideline value of Thiruveedhiamman Koil 3rd Cross Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 700 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2024, reflecting an overall increase of 214% over the years.

What is the land classification for Thiruveedhiamman Koil 3rd Cross Street?

This street is classified as Residential Class IV Type - I, indicating its intended use for residential purposes.

Where can I find the Sembiam Sub Registrar Office?

The Sembiam Sub Registrar Office is located at 5, Papermills Road, Sembiam, Chennai - 600011. This office handles registrations for properties in the area.

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

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher, while the registration fee is charged at 2% of the guideline value. For example, a 1,000 sq.ft plot would incur a total of Rs 1,98,000 in fees based on the current guideline value.