Guideline Value for THUKUMARAIKUTTAI

Thukumaraikuttai guideline value

The current guideline value of Thukumaraikuttai is Rs 2,200 per sq.ft, effective from 1 July 2024. This area is part of Chengalpattu Natham village, under the Chengleput Joint II SRO, and is classified as Residential Special Type - III.

How the guideline value of Thukumaraikuttai has changed

The guideline value for Thukumaraikuttai has seen significant changes over the years. In 2012, the value was Rs 1,000 per sq.ft, which increased to Rs 1,340 per sq.ft in 2017, marking a rise of 34%. The value further increased to Rs 2,000 per sq.ft in 2023, reflecting a substantial increase of 49%. The latest revision in 2024 has set the guideline value at Rs 2,200 per sq.ft, a 10% increase from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 120%.

Guideline values in Chengalpattu Natham

In Chengalpattu Natham, there are 88 streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 5,500 per sq.ft, with the median value being Rs 2,200 per sq.ft. The guideline value of Thukumaraikuttai aligns with this median.

• Vallular Street Ward-4: Rs 1,650 per sq.ft (2024)
• Thimmarajapuram Kulam: Rs 3,850 per sq.ft (2024)
• Thattan Malai Street: Rs 1,650 per sq.ft (2024)
• Vedhappar Street: Rs 2,200 per sq.ft (2024)
• Veerabathira Chetty Street- Ward-4: Rs 1,650 per sq.ft (2024)
• T.B.Salai Ward-4: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Thukumaraikuttai

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total to Rs 1,98,000. 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 details.

Which Sub Registrar Office covers Thukumaraikuttai?

The Sub Registrar Office that covers Thukumaraikuttai is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Chengalpattu Natham. It is used to determine the stamp duty and registration fees that need to be paid at the time of registration.

When a property is sold, the guideline value serves as a benchmark for the transaction, ensuring that the sale price is in line with official valuations. This helps maintain transparency and accountability in property transactions.

Frequently asked questions

What is the current guideline value of Thukumaraikuttai?

The current guideline value of Thukumaraikuttai is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,000 per sq.ft in 2012 to Rs 2,200 per sq.ft in 2024, marking an overall increase of 120%.

What are the other streets in Chengalpattu Natham with their guideline values?

Other streets in Chengalpattu Natham include Vallular Street Ward-4 at Rs 1,650 per sq.ft, Thimmarajapuram Kulam at Rs 3,850 per sq.ft, and Vedhappar Street at Rs 2,200 per sq.ft, among others.

What is the stamp duty for property in Thukumaraikuttai?

The stamp duty for property in Thukumaraikuttai is 7% of the guideline value or sale price, whichever is higher. For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000.

Where can I find the Sub Registrar Office for Thukumaraikuttai?

The Sub Registrar Office for Thukumaraikuttai is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.