Guideline Value for THULKANAM STREET

Thulkanam Street guideline value

The current guideline value of Thulkanam Street is Rs 5,800 per sq.ft. This street is located in Puliyur village, under the Kodambakkam SRO, and is classified as Residential Class I Type - I.

How the guideline value of Thulkanam Street has changed

The guideline value for Thulkanam Street has undergone several revisions over the years. In the 2007 revision, the value was set at Rs 1,650 per sq.ft. This figure saw a significant increase in the 2012 revision, where it rose to Rs 5,300 per sq.ft, marking a change of +221%. The value remained unchanged at Rs 5,300 per sq.ft in the 2023 revision, before increasing to Rs 5,800 per sq.ft in the 2024 revision, reflecting a change of +9%.

It is important to note that there are no recorded figures for Thulkanam Street in the 2002, 2003, and 2017 revisions. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by +252%.

Guideline values in Puliyur

In Puliyur village, there are 648 streets under the Kodambakkam SRO that carry a 2024 guideline value, ranging from Rs 3,300 to Rs 14,300 per sq.ft. The median value is Rs 5,800 per sq.ft, placing Thulkanam Street's 2024 figure at the median level.

• Thiru VI Ka Street: Rs 5,000 per sq.ft (2024)
• Thiru VI Ka Colony: Rs 5,000 per sq.ft (2024)
• Thiruvengadapuram Main Road: Rs 7,100 per sq.ft (2024)
• Thiruvengadapuram 2nd Street: Rs 7,100 per sq.ft (2024)
• Thiruvengadapuram 1st Street: Rs 7,100 per sq.ft (2024)
• Thiruvalluvar Street: Rs 5,300 per sq.ft (2024)

Stamp duty and registration fee for property in Thulkanam Street

For a 1,000 sq.ft plot at the current guideline value of Rs 5,800 per sq.ft, the total guideline value amounts to Rs 58,00,000. The stamp duty at 7% would be Rs 4,06,000, while the registration fee at 2% would be Rs 1,16,000, bringing the total fees to Rs 5,22,000. It is essential 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 Thulkanam Street?

The Sub Registrar Office that covers Thulkanam Street is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions, as it helps determine the stamp duty and registration fees that need to be paid during the registration process. Buyers and sellers must be aware of the current guideline value to ensure that they comply with the legal requirements when transferring property ownership.

When buying or selling property in Puliyur, it is essential to consult the guideline value to understand the financial implications, including the costs associated with registration. This ensures a smooth transaction and adherence to local regulations.

Frequently asked questions

What is the current guideline value of Thulkanam Street?

The current guideline value of Thulkanam Street is Rs 5,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2007 revision, the guideline value has increased from Rs 1,650 per sq.ft to Rs 5,800 per sq.ft in 2024, marking an overall increase of +252%.

What are the stamp duty and registration fees for properties on Thulkanam Street?

For a property valued at Rs 58,00,000, the stamp duty would be Rs 4,06,000 and the registration fee would be Rs 1,16,000, totaling Rs 5,22,000.

Which Sub Registrar Office handles transactions for Thulkanam Street?

The Kodambakkam Sub Registrar Office handles transactions for Thulkanam Street, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

What is the significance of the guideline value when buying property?

The guideline value is significant as it determines the stamp duty and registration fees during property transactions. It is essential for buyers and sellers to be aware of this value to ensure compliance with legal requirements.