Guideline Value for THULUKANANTHAMMAN KOIL 1 TO 5 CROSS STREETS

Thulukananthamman Koil 1 To 5 Cross Streets guideline value

The current guideline value for Thulukananthamman Koil 1 To 5 Cross Streets is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Zaminpallavaram village, under the Pallavaram SRO, and is classified as Residential Class I Type - III.

How the guideline value of Thulukananthamman Koil 1 To 5 Cross Streets has changed

In the 2012 revision, the guideline value was Rs 2,000 per sq.ft. This figure remained unchanged in the 2023 revision, which also recorded Rs 2,000 per sq.ft. However, in the 2024 revision, the guideline value increased to Rs 2,200 per sq.ft, marking a 10% rise from the previous year. The revisions for the years 2002, 2003, 2007, and 2017 have no figures recorded for this street.

Overall, from the 2012 revision to the 2024 revision, there has been a 10% increase in the guideline value. This steady increase reflects the latest valuation adjustments made by the authorities.

Guideline values in Zaminpallavaram

In Zaminpallavaram, there are 638 streets under the Pallavaram SRO that carry a 2024 guideline value, ranging from Rs 2,100 to Rs 11,000 per sq.ft. The median value is Rs 3,300 per sq.ft, placing Thulukananthamman Koil 1 To 5 Cross Streets below this median.

• Thulukananthamman Koil Cross Street: Rs 2,200 per sq.ft (2024)
• Thulukanathamman Koil Street: Rs 2,200 per sq.ft (2024)
• Thulukanathamman Street Extn.: Rs 2,200 per sq.ft (2024)
• Tirumurugan Nagar 1st Street: Rs 2,160 per sq.ft (2024)
• Thiru.Vi.Ka. Street: Rs 3,300 per sq.ft (2024)
• T.S. Lakshmanan 1st Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Thulukananthamman Koil 1 To 5 Cross Streets

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be 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.

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

Which Sub Registrar Office covers Thulukananthamman Koil 1 To 5 Cross Streets?

The Thulukananthamman Koil 1 To 5 Cross Streets are covered by the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, 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 Zaminpallavaram

The guideline value plays a crucial role in the registration process of property transactions in Zaminpallavaram. It serves as a reference point for determining the minimum value at which a property can be registered, ensuring that the registration fees and stamp duties are calculated fairly based on this value.

When buying or selling property, the guideline value is used to assess the applicable fees, which include stamp duty and registration fees. Buyers should be aware that these fees are calculated based on the higher of the guideline value or the actual sale price, which can significantly impact the overall cost of the transaction.

Frequently asked questions

What is the current guideline value for Thulukananthamman Koil 1 To 5 Cross Streets?

The current guideline value for Thulukananthamman Koil 1 To 5 Cross Streets 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 remained at Rs 2,000 per sq.ft from 2012 to 2023, before increasing to Rs 2,200 per sq.ft in 2024. Overall, there has been a 10% increase from 2012 to 2024.

What is the land classification for Thulukananthamman Koil 1 To 5 Cross Streets?

Thulukananthamman Koil 1 To 5 Cross Streets is classified as Residential Class I Type - III.

Where can I find the Pallavaram Sub Registrar Office?

The Pallavaram Sub Registrar Office is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, in the Chengalpattu registration zone.

How is the stamp duty calculated for properties in this area?

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