Guideline Value for S.R.THULUKKANAM STREET

S.R.Thulukkanam Street guideline value

The current guideline value of S.R.Thulukkanam Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in the Sholinganallur - 1 village under the Neelankarai SRO and is classified as Residential Class II Type - III.

How the guideline value of S.R.Thulukkanam Street has changed

The guideline value for S.R.Thulukkanam Street has seen several revisions over the years. The register does not have figures for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was Rs 2,000 per sq.ft, which increased by 10% to Rs 2,200 per sq.ft in the 2024 revision.

This current figure of Rs 2,200 per sq.ft aligns with the median guideline value for the 754 streets in Sholinganallur - 1, which also stands at Rs 2,200 per sq.ft for 2024. The previous revisions do not provide any figures for this street.

Guideline values in Sholinganallur - 1

In the Sholinganallur - 1 village, the guideline values for different streets vary significantly. The range for 2024 figures is from Rs 1,000 to Rs 8,800 per sq.ft. S.R.Thulukkanam Street's current guideline value is equal to the median of Rs 2,200 per sq.ft.

• S.R.Rajamanickam Road: Rs 2,200 per sq.ft (2024)
• S.R.K. Avenue: Rs 1,700 per sq.ft (2024)
• Subramani Street (Grama Nedunchalai 1st Cross Street): Rs 2,200 per sq.ft (2024)
• Sugam Garden Avenue: Rs 2,200 per sq.ft (2024)
• Sunrise Avenue: Rs 4,400 per sq.ft (2024)
• Sunshine Avenue: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in S.R.Thulukkanam Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be 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, making the total cost for these fees 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 our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers S.R.Thulukkanam Street?

The S.R.Thulukkanam Street falls under the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. To find your specific SRO, you can visit find your SRO.

How the guideline value is used when you buy or sell in Sholinganallur - 1

The guideline value plays a crucial role in the registration process when buying or selling property in Sholinganallur - 1. It serves as a benchmark for determining the minimum value of the property, ensuring that the sale price is not below this threshold.

When registering a property, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of S.R.Thulukkanam Street?

The current guideline value of S.R.Thulukkanam 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 for S.R.Thulukkanam Street was Rs 2,000 per sq.ft in 2023 and increased by 10% to Rs 2,200 per sq.ft in 2024. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification for S.R.Thulukkanam Street?

S.R.Thulukkanam Street is classified as Residential Class II Type - III, indicating its designation for residential purposes.

Where can I find the Neelankarai Sub Registrar Office?

The Neelankarai Sub Registrar Office is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

How is the stamp duty calculated for properties on S.R.Thulukkanam Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 2,200 per sq.ft would incur a stamp duty of Rs 1,54,000.