Guideline Value for THIRUKKULAMEDU

Thirukkulamedu guideline value

The current guideline value of Thirukkulamedu, located in Karanodai village under the Redhills SRO, is Rs 440 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class III Type - I.

How the guideline value of Thirukkulamedu has changed

The guideline value of Thirukkulamedu has seen several revisions over the years. The earliest recorded figure is from 2007, where the value was Rs 200 per sq.ft. This increased to Rs 400 per sq.ft in 2012, before decreasing to Rs 268 per sq.ft in 2017. The 2017 revision marked a significant increase of 49% to Rs 400 per sq.ft in 2023, followed by a further increase of 10% to the current value of Rs 440 per sq.ft in 2024. The register has no figures for the years 2002 and 2003 for this street.

Overall, from 2007 to 2024, the guideline value has increased by 120%. The changes between the revisions highlight fluctuations, such as a 100% increase from 2007 to 2012 and a 33% decrease from 2012 to 2017.

Guideline values in Karanodai

In Karanodai, there are 38 streets under the Redhills SRO with a 2024 guideline value ranging from Rs 440 to Rs 2,000 per sq.ft. The median value for these streets is Rs 1,210 per sq.ft, placing Thirukkulamedu's current value below that median.

• Throwbathi Amman Koil Street: Rs 1,210 per sq.ft (2024)
• Sri Sai Nagar: Rs 1,210 per sq.ft (2024)
• Sri Krishna Nagar Annex-III: Rs 440 per sq.ft (2024)
• Sri Ganapathi Avenue: Rs 440 per sq.ft (2024)
• Venkateshwara Nagar: Rs 550 per sq.ft (2024)
• Sothuperumpedu Road: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Thirukkulamedu

For a 1,000 sq.ft plot at the current guideline value of Rs 440 per sq.ft, the total guideline value would be Rs 4,40,000. The stamp duty at 7% would amount to Rs 30,800, and the registration fee at 2% would be Rs 8,800, bringing the total to Rs 39,600. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thirukkulamedu?

The Sub Registrar Office covering Thirukkulamedu is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Karanodai. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the state receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. It is essential for buyers and sellers to be aware of these values to ensure compliance with local regulations during property transactions.

Frequently asked questions

What is the current guideline value of Thirukkulamedu?

The current guideline value of Thirukkulamedu is Rs 440 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2007 to Rs 440 per sq.ft in 2024, reflecting a 120% increase over this period.

What is the median guideline value in Karanodai?

The median guideline value in Karanodai is Rs 1,210 per sq.ft, with Thirukkulamedu's current value being below this median.

What are the stamp duty and registration fees for properties in Thirukkulamedu?

For a property valued at Rs 4,40,000, the stamp duty would be Rs 30,800 and the registration fee would be Rs 8,800, totaling Rs 39,600.

Where is the Sub Registrar Office for Thirukkulamedu located?

The Sub Registrar Office for Thirukkulamedu is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.