Guideline Value for THOLKAPPIAR STREET

Tholkappiar Street guideline value

The current guideline value of Tholkappiar Street is Rs 800 per sq.ft, effective from 1 July 2024. This street is located in Vengathur village, under the Manavalanagar SRO, and is classified as Residential Class I Type - II.

How the guideline value of Tholkappiar Street has changed

The guideline value for Tholkappiar Street has undergone several revisions over the years. In 2007, the value was Rs 100 per sq.ft, which saw a significant increase to Rs 800 per sq.ft in 2012. However, it then decreased to Rs 536 per sq.ft in 2017. The value remained at Rs 800 per sq.ft in both the 2023 and 2024 revisions, indicating no change during this period. The register has no figures for the years 2002 and 2003 for this street.

From 2017 to 2023, there was a notable increase of 49%. The overall change from 2007 to 2024 reflects a substantial rise of 700%, showcasing the fluctuations in the guideline value over the years.

Guideline values in Vengathur

In Vengathur, there are 186 streets under the Manavalanagar SRO with a guideline value for 2024 ranging from Rs 500 to Rs 2,000 per sq.ft. The median value for these streets is Rs 1,000 per sq.ft, placing Tholkappiar Street's 2024 figure below that median.

• Thiru.VI.Ka.Steet: Rs 800 per sq.ft (2024)
• Thulukanathamman Street: Rs 800 per sq.ft (2024)
• Thiruvalluvar Street: Rs 1,300 per sq.ft (2024)
• Vaikai Street: Rs 1,300 per sq.ft (2024)
• Valavan Street: Rs 800 per sq.ft (2024)
• Vallalar Street: Rs 800 per sq.ft (2024)

Stamp duty and registration fee for property in Tholkappiar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 800 per sq.ft, the total guideline value amounts to Rs 8,00,000. The stamp duty at 7% would be Rs 56,000, and the registration fee at 2% would be Rs 16,000, bringing the total to Rs 72,000. It is important to 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 accurate calculations.

Which Sub Registrar Office covers Tholkappiar Street?

The Sub Registrar Office that covers Tholkappiar Street is the Manavalanagar Sub Registrar Office, located at Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor during the registration process when buying or selling property in Vengathur. It serves as a reference point for determining the stamp duty and registration fees, ensuring that these costs are calculated based on the official value set by the government.

When a property is sold, the guideline value helps in establishing a fair price for registration purposes. It is crucial for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the transaction.

Frequently asked questions

What is the current guideline value of Tholkappiar Street?

The current guideline value of Tholkappiar Street is Rs 800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, starting from Rs 100 per sq.ft in 2007 to Rs 800 per sq.ft in 2012, then decreasing to Rs 536 per sq.ft in 2017. It remained at Rs 800 per sq.ft in both the 2023 and 2024 revisions.

What is the median guideline value in Vengathur?

The median guideline value in Vengathur is Rs 1,000 per sq.ft, with Tholkappiar Street's 2024 figure being below this median.

What are the stamp duty and registration fees for property in Tholkappiar Street?

For a property valued at Rs 8,00,000, the stamp duty would be Rs 56,000 and the registration fee would be Rs 16,000, totaling Rs 72,000.

Where is the Sub Registrar Office for Tholkappiar Street located?

The Sub Registrar Office covering Tholkappiar Street is located at Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai registration zone.