Guideline Value for THUKANATHAMMAN NAGAR 11TH STREET

Thukanathamman Nagar 11th Street guideline value

The current guideline value of Thukanathamman Nagar 11th Street is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Pallikaranai village and falls under the Chennai South Joint I SRO. The land classification for this area is Residential Class IV Type - II.

How the guideline value of Thukanathamman Nagar 11th Street has changed

In the 2012 revision, the guideline value was set at Rs 1,200 per sq.ft. This figure decreased to Rs 804 per sq.ft in the 2017 revision, marking a drop of 33%. However, from 2017 to 2024, the guideline value increased significantly to Rs 1,320 per sq.ft, which is a rise of 64%. Overall, from 2012 to 2024, the guideline value has seen a slight increase of 10%.

It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2023 for Thukanathamman Nagar 11th Street. This means that the only available revisions are from 2012, 2017, and 2024.

Guideline values in Pallikaranai

Pallikaranai has a total of 749 streets under the Chennai South Joint I SRO, with guideline values ranging from Rs 1,110 to Rs 8,580 per sq.ft as of 2024. The median guideline value in this area is Rs 1,650 per sq.ft, placing Thukanathamman Nagar 11th Street's value below that median.

• THULUKANATHAMMAN 11th CROSS ST: Rs 1,980 per sq.ft (2024)
• THULUKANATHAMMAN 12th st CROSS ST: Rs 1,980 per sq.ft (2024)
• THULUKANATHAMMAN 13th CROSS ST: Rs 1,980 per sq.ft (2024)
• THULUKANATHAMMAN 14th CROOS ST: Rs 1,980 per sq.ft (2024)
• THULUKANATHAMMAN 4rh ST EXT: Rs 1,980 per sq.ft (2024)
• THULUKANATHAMMAN KOIL 16th CROSS ST: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Thukanathamman Nagar 11th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value amounts to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, making the total cost for these fees Rs 1,18,800. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Thukanathamman Nagar 11th Street?

The Sub Registrar Office that covers Thukanathamman Nagar 11th Street is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, fanepet Nandanam, Chennai -600 035. You can find your SRO for more information.

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

The guideline value is a crucial factor during property registration in Pallikaranai. It serves as the minimum benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When a property is sold, the guideline value helps ensure that the transaction is recorded at a fair value, which is essential for legal and taxation purposes. This ensures transparency in property transactions and helps in maintaining a standardized approach to property valuation.

Frequently asked questions

What is the current guideline value of Thukanathamman Nagar 11th Street?

The current guideline value of Thukanathamman Nagar 11th Street is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, and then increased to Rs 1,320 per sq.ft in 2024. Overall, from 2012 to 2024, there has been a 10% increase.

What are the stamp duty and registration fees for property in Thukanathamman Nagar 11th Street?

For a property valued at Rs 13,20,000, the stamp duty would be Rs 92,400 and the registration fee would be Rs 26,400, totaling Rs 1,18,800. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Which office handles property registrations for Thukanathamman Nagar 11th Street?

The Chennai South Joint I Sub Registrar Office handles property registrations for Thukanathamman Nagar 11th Street. It is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, fanepet Nandanam, Chennai -600 035.

What is the land classification for Thukanathamman Nagar 11th Street?

The land classification for Thukanathamman Nagar 11th Street is Residential Class IV Type - II. This classification is important for determining the permissible uses of the land.