Guideline Value for THATHANKUPPAM MAIN ROAD

Thathankuppam Main Road guideline value

The current guideline value of Thathankuppam Main Road is Rs 1,600 per sq.ft, effective from 1 July 2024. This road is located in Korattur village and falls under the Villivakkam SRO. The land classification for this area is Residential Class III Type - III.

How the guideline value of Thathankuppam Main Road has changed

The guideline value for Thathankuppam Main Road has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 1,600 per sq.ft, which is an increase of 7% from the 2023 revision of Rs 1,500 per sq.ft. Prior to that, the 2012 revision also recorded a value of Rs 1,500 per sq.ft, indicating no change from 2012 to 2023. The register has no figures for the years 2002, 2003, 2007, and 2017 for this street.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 7%. This reflects a steady adjustment in the valuation of properties along Thathankuppam Main Road, aligning with the changes in the broader real estate landscape.

Guideline values in Korattur

In Korattur, there are 617 streets under the Villivakkam SRO, with 2024 guideline values ranging from Rs 1,100 to Rs 8,200 per sq.ft. The median value for these streets is Rs 2,500 per sq.ft, placing the Thathankuppam Main Road guideline value below the median.

• Thayamma Nagar: Rs 1,300 per sq.ft (2024)
• Theepanchiamman Nagar/ Extension: Rs 1,300 per sq.ft (2024)
• Thanthai Periyar Nagar 'nagathamman Koil Street': Rs 1,600 per sq.ft (2024)
• Thanthai Periyar Nagar 'm.G.R.Street': Rs 1,600 per sq.ft (2024)
• Thendral Nagar: Rs 1,300 per sq.ft (2024)
• Thanthai Periyar Nagar 'anna Street': Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in Thathankuppam Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 1,600 per sq.ft, the total guideline value would be Rs 16,00,000. The stamp duty at 7% would amount to Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, bringing the total fees to Rs 1,44,000. Please note that the duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Thathankuppam Main Road?

The Sub Registrar Office that covers Thathankuppam Main Road is the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Korattur

The guideline value is a crucial factor when buying or selling property in Korattur. It serves as a reference point for calculating the stamp duty and registration fees that must be paid during the registration process. Buyers should be aware that the guideline value is used to determine the minimum value on which these fees are calculated.

When a property is sold, the sale price must be compared with the guideline value. The higher of the two values will be used to calculate the applicable stamp duty and registration fees, ensuring that the transaction adheres to the legal requirements set by the Registration Department.

Frequently asked questions

What is the current guideline value of Thathankuppam Main Road?

The current guideline value of Thathankuppam Main Road is Rs 1,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2023 to Rs 1,600 per sq.ft in 2024, marking a 7% increase. The value remained the same at Rs 1,500 per sq.ft from 2012 to 2023.

What is the land classification for Thathankuppam Main Road?

The land classification for Thathankuppam Main Road is Residential Class III Type - III, indicating its designation for residential use.

What are the registration fees for properties in Thathankuppam Main Road?

The registration fees for properties are calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 16,00,000 would incur a stamp duty of Rs 1,12,000 and a registration fee of Rs 32,000.

Where is the Sub Registrar Office for Thathankuppam Main Road located?

The Sub Registrar Office covering Thathankuppam Main Road is the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.