Guideline Value for THULUKANANTHAMMAN KOIL CROSS STREET

Thulukananthamman Koil Cross Street guideline value

The current guideline value of Thulukananthamman Koil Cross Street 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 Cross Street has changed

In the 2012 revision, the guideline value was Rs 2,000 per sq.ft. This figure remained unchanged in the 2023 revision, where it stayed at 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% increase from the previous year. The register has no figures for the revisions in 2002, 2003, 2007, and 2017.

Overall, from 2012 to 2024, the guideline value has increased by 10%. This reflects the changes in the value of property in the area over the years, with the latest revision indicating a positive adjustment in the guideline value.

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 for these streets is Rs 3,300 per sq.ft, which means Thulukananthamman Koil Cross Street's 2024 figure is below that median.

• Thulukananthamman Koil 1 To 5 Cross Streets: 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 Cross Street

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 fees together 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 on fees applicable to your property transaction.

Which Sub Registrar Office covers Thulukananthamman Koil Cross Street?

The Thulukananthamman Koil Cross Street falls under the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, 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 is a crucial factor in the registration process of property transactions in Zaminpallavaram. It serves as the minimum value at which properties can be registered, ensuring that the registration fees and stamp duties are calculated based on a standardized value.

When buying or selling property, the guideline value helps determine the applicable stamp duty and registration fees, which are mandatory costs associated with property transactions. It is essential for buyers and sellers to be aware of the current guideline value to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of Thulukananthamman Koil Cross Street?

The current guideline value of Thulukananthamman Koil Cross Street 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 changed from Rs 2,000 per sq.ft in 2012 to Rs 2,200 per sq.ft in 2024, reflecting a 10% increase. There was no change in the value from 2012 to 2023.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a plot valued at Rs 22,00,000, the total fees would be Rs 1,98,000.

Which office handles property registrations for this street?

The Pallavaram Sub Registrar Office handles property registrations for Thulukananthamman Koil Cross Street, located at 7th Main Road, New Colony, Chromepet, Chennai.

What is the significance of guideline value in property transactions?

Guideline value serves as the minimum value for property registration, affecting the calculation of stamp duties and registration fees. It ensures that property transactions are conducted at a standardized value, complying with local regulations.