Guideline Value for THULUKANATHAMMAN KOIL STREET

Thulukanathamman Koil Street guideline value

The current guideline value of Thulukanathamman Koil Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Koladi village and falls under the Chennai South Joint II SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Thulukanathamman Koil Street has changed

The guideline value for Thulukanathamman Koil Street has seen several revisions over the years. In 2007, the value was Rs 200 per sq.ft, which increased significantly to Rs 1,000 per sq.ft in 2012, marking a rise of 400%. However, from 2012 to 2017, the value decreased to Rs 670 per sq.ft, a decline of 33%. The value then rose again to Rs 1,000 per sq.ft in 2023, followed by a further increase to Rs 1,100 per sq.ft in the 2024 revision, which represents a 10% increase.

Overall, from 2007 to 2024, the guideline value has increased by 450%. It is important to note that there are no figures available for the years 2002 and 2003 in the register for this street.

Guideline values in Koladi

In Koladi village, there are 175 streets under the Chennai South Joint II SRO that carry a 2024 guideline value, ranging from Rs 660 to Rs 4,000 per sq.ft. The median value is Rs 1,100 per sq.ft, which is the same as the current guideline value for Thulukanathamman Koil Street.

• Thulukanathamman Koil 1st Street: Rs 1,100 per sq.ft (2024)
• Thiruvengadam Nagar Extention: Rs 1,650 per sq.ft (2024)
• Thiruvengadam Nagar: Rs 1,650 per sq.ft (2024)
• Valli Kollai Medu: Rs 1,650 per sq.ft (2024)
• Vallikollai Medu 1st Street: Rs 1,650 per sq.ft (2024)
• Vallikollai Medu 2nd Street: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Thulukanathamman Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total fees to Rs 99,000. 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 information.

Which Sub Registrar Office covers Thulukanathamman Koil Street?

The Sub Registrar Office that covers Thulukanathamman Koil Street is the Chennai South Joint II Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035. You can find your SRO for more details.

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

The guideline value is a critical factor when registering property transactions in Koladi. It serves as the basis for calculating stamp duty and registration fees, ensuring that these costs are aligned with the official valuation of the property.

When buying or selling property, it is essential to be aware of the guideline value as it can affect the overall costs involved in the transaction. Buyers and sellers should ensure that they are informed about the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Thulukanathamman Koil Street?

The current guideline value of Thulukanathamman Koil Street is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024, representing an overall increase of 450% over the years.

What is the land classification for Thulukanathamman Koil Street?

The land classification for Thulukanathamman Koil Street is Residential Class II Type - I.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office for Thulukanathamman Koil Street is the Chennai South Joint II Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property with a guideline value of Rs 11,00,000 would incur a stamp duty of Rs 77,000 at a rate of 7%.