Guideline Value for THIRUKULAM AREA

Thirukulam Area guideline value

The current guideline value of Thirukulam Area in Tiruttani village is Rs 825 per sq.ft, effective from 1 July 2024. This area falls under the jurisdiction of the Thiruttani SRO and is classified as Residential Class III Type - I.

How the guideline value of Thirukulam Area has changed

The guideline value for Thirukulam Area has seen several revisions over the years. The earliest recorded figure is from the 2017 revision, which was Rs 502 per sq.ft. In the 2023 revision, the value increased significantly to Rs 750 per sq.ft, marking a 49% rise from 2017. The latest revision in 2024 has set the guideline value at Rs 825 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value has increased by 64%.

Guideline values in Tiruttani

In Tiruttani, there are 160 streets under the Thiruttani SRO that carry a 2024 guideline value, ranging from Rs 548 to Rs 1,540 per sq.ft. The median guideline value is Rs 825 per sq.ft, which is equal to the current figure for Thirukulam Area.

• Thekkalur Road: Rs 550 per sq.ft (2024)
• Theepanji Amman Koil Street: Rs 770 per sq.ft (2024)
• Thasildhar Quarters: Rs 550 per sq.ft (2024)
• Thanigesan Nagar: Rs 548 per sq.ft (2024)
• Thanigai Meenakshi Amman Koil Street: Rs 825 per sq.ft (2024)
• Thottakara Street: Rs 825 per sq.ft (2024)

Stamp duty and registration fee for property in Thirukulam Area

For a 1,000 sq.ft plot at the current guideline value of Rs 825 per sq.ft, the total guideline value amounts to Rs 8,25,000. The stamp duty at 7% would be Rs 57,750, and the registration fee at 2% would be Rs 16,500, bringing the total cost for these fees to Rs 74,250. It is important to note that 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 Thirukulam Area?

The Thirukulam Area is covered by the Thiruttani Sub Registrar Office, located at No.31, Old Taluk Office Compound, Kacheri Street Opposite, Gandhi Road Main, Thiruttani-631 209, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Tiruttani. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When you buy or sell property, the guideline value helps determine the minimum value at which the property can be registered. This value is essential for both buyers and sellers to understand their financial obligations during the transaction process.

Frequently asked questions

What is the current guideline value of Thirukulam Area?

The current guideline value of Thirukulam Area is Rs 825 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 502 per sq.ft in 2017 to Rs 825 per sq.ft in 2024, marking an overall increase of 64% over this period.

What are the stamp duty and registration fees in Thirukulam Area?

For a property valued at Rs 8,25,000, the stamp duty would be Rs 57,750 and the registration fee would be Rs 16,500, totaling Rs 74,250.

Which office handles property registrations in Tiruttani?

The Thiruttani Sub Registrar Office handles property registrations in Tiruttani, located at No.31, Old Taluk Office Compound, Kacheri Street Opposite, Gandhi Road Main, Thiruttani-631 209.

What is the significance of guideline value in property transactions?

The guideline value is used to determine the minimum value for property registration, which in turn affects the stamp duty and registration fees that buyers and sellers must pay during a transaction.