Guideline Value for THULUKANATHAMMAN KOIL STREET

Thulukanathamman Koil Street guideline value

The current guideline value of Thulukanathamman Koil Street is Rs 1,700 per sq.ft, effective from 1 July 2024. This street is located in Chemmancheri village, under the Neelankarai SRO, and is classified as Residential Class IV 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 2003, the guideline value was Rs 57 per sq.ft, which increased significantly to Rs 228 per sq.ft in 2007. Following this, it surged to Rs 1,500 per sq.ft in 2012, but then dropped to Rs 1,005 per sq.ft in 2017. The value further rose to Rs 1,500 per sq.ft in 2023, before reaching the current rate of Rs 1,700 per sq.ft in 2024.

Notably, there is no registered figure for this street in 2002. The changes between revisions include a remarkable increase of 2882% from 2003 to 2024, with a 558% increase from 2007 to 2012 and a 49% increase from 2017 to 2023. The most recent change from 2023 to 2024 represents a 13% increase.

Guideline values in Chemmancheri

In Chemmancheri village, there are 195 streets under the Neelankarai SRO with a 2024 guideline value ranging from Rs 1,000 to Rs 6,600 per sq.ft. The median value is Rs 1,700 per sq.ft, which is the same as the 2024 figure for Thulukanathamman Koil Street.

• Time Of India: Rs 3,900 per sq.ft (2024)
• Thiruvalluvar Salai: Rs 1,100 per sq.ft (2024)
• Uma Garden: Rs 3,300 per sq.ft (2024)
• Thirunavukarasu Garden: Rs 1,100 per sq.ft (2024)
• Vallabhai Patel Road: Rs 2,800 per sq.ft (2024)
• Varadharaj Garden: Rs 1,100 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, the total guideline value would be Rs 17,00,000. The stamp duty, charged at 7%, would amount to Rs 1,19,000, while the registration fee at 2% would be Rs 34,000. Therefore, the total cost for stamp duty and registration would be Rs 1,53,000. 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 detailed calculations.

Which Sub Registrar Office covers Thulukanathamman Koil Street?

The Thulukanathamman Koil Street falls under the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Chemmancheri. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that these costs are calculated based on the official value set by the government.

When a property is sold, the guideline value helps in establishing a fair price for the transaction, which is essential for both buyers and sellers. It is crucial to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Thulukanathamman Koil Street?

The current guideline value of Thulukanathamman Koil Street is Rs 1,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 57 per sq.ft in 2003 to Rs 1,700 per sq.ft in 2024, reflecting an overall increase of 2882% over the years.

What is the registration fee for property in Thulukanathamman Koil Street?

The registration fee is calculated at 2% of the guideline value. For a plot valued at Rs 17,00,000, the registration fee would be Rs 34,000.

Where is the Neelankarai Sub Registrar Office located?

The Neelankarai Sub Registrar Office is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

How is stamp duty calculated for properties in Chemmancheri?

Stamp duty is charged at 7% on the guideline value or the sale price, whichever is higher. This ensures that the correct amount is paid during the registration process.