Guideline Value for THULACI PROMOTERS - KAMALA NAGAR

Thulaci Promoters - Kamala Nagar guideline value

The current guideline value for Thulaci Promoters - Kamala Nagar is Rs 500 per sq.ft, effective from 1 July 2024. This property is located in Cholanthangal village, under the Madurandakam SRO, and is classified as Mixed Type - I.

How the guideline value of Thulaci Promoters - Kamala Nagar has changed

The guideline value for Thulaci Promoters - Kamala Nagar has undergone several revisions over the years. The 2012 revision set the value at Rs 500 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 335 per sq.ft. However, from 2017 to 2023, the value increased significantly by 49%, bringing it back to Rs 500 per sq.ft. The most recent revision in 2024 maintained this value at Rs 500 per sq.ft, indicating no change from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, the guideline value from 2012 to 2024 has shown no net change, remaining at Rs 500 per sq.ft.

Guideline values in Cholanthangal

In Cholanthangal, there are six streets under the Madurandakam SRO that carry a 2024 guideline value, ranging from Rs 150 to Rs 700 per sq.ft. The median value among these streets is Rs 500 per sq.ft, which is equal to the guideline value for Thulaci Promoters - Kamala Nagar.

• Vallalar Nagar: Rs 150 per sq.ft (2024)
• Viruksham Avenue: Rs 600 per sq.ft (2024)
• Sri Raghavendharar Avenue Phase- I: Rs 500 per sq.ft (2024)
• Sri Raghavendharar Avenue: Rs 500 per sq.ft (2024)
• யோகாலயா அவென்யூ: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Thulaci Promoters - Kamala Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 500 per sq.ft, the total guideline value amounts to Rs 5,00,000. The stamp duty at 7% would be Rs 35,000, and the registration fee at 2% would be Rs 10,000, making the total cost for these fees Rs 45,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Thulaci Promoters - Kamala Nagar?

The Sub Registrar Office that covers Thulaci Promoters - Kamala Nagar is the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process for property transactions in Cholanthangal. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value is considered alongside the sale price. The stamp duty is charged on the higher of the two values, which means that buyers should be aware of the guideline value to avoid any unexpected costs during the registration process.

Frequently asked questions

What is the current guideline value for Thulaci Promoters - Kamala Nagar?

The current guideline value for Thulaci Promoters - Kamala Nagar is Rs 500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 500 per sq.ft since 2012, with a decrease to Rs 335 per sq.ft in 2017, followed by an increase back to Rs 500 per sq.ft in 2023. The value has not changed from 2023 to 2024.

What are the other streets in Cholanthangal and their guideline values?

Other streets in Cholanthangal include Vallalar Nagar at Rs 150 per sq.ft, Viruksham Avenue at Rs 600 per sq.ft, Sri Raghavendharar Avenue Phase- I at Rs 500 per sq.ft, Sri Raghavendharar Avenue at Rs 500 per sq.ft, and யோகாலயா அவென்யூ at Rs 700 per sq.ft.

What fees are associated with buying property in Thulaci Promoters - Kamala Nagar?

When buying property in Thulaci Promoters - Kamala Nagar, buyers should expect to pay a stamp duty of 7% and a registration fee of 2% based on the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Thulaci Promoters - Kamala Nagar?

The Sub Registrar Office for Thulaci Promoters - Kamala Nagar is the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.