Guideline Value for THULUKANATHAMMAN STREET

Thulukanathamman Street guideline value

The current guideline value for Thulukanathamman Street is Rs 800 per sq.ft, effective from 1 July 2024. This street is located in Vengathur village, under the jurisdiction of the Manavalanagar SRO. The land classification for this area is Residential Class I Type - II.

How the guideline value of Thulukanathamman Street has changed

The guideline value for Thulukanathamman Street has undergone several revisions over the years. The earliest recorded figure is from 2007, where the value was Rs 125 per sq.ft. This saw a significant increase to Rs 800 per sq.ft in 2012, marking a rise of 540%. However, the value dropped to Rs 536 per sq.ft in 2017, reflecting a decrease of 33%. From 2017 to 2023, the value rose to Rs 800 per sq.ft, an increase of 49%, and it remained at Rs 800 per sq.ft in the 2023 revision. The latest revision in 2024 maintains this figure.

It is important to note that the guideline value register does not have figures for Thulukanathamman Street for the years 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 540%.

Guideline values in Vengathur

In Vengathur, there are 186 streets under the Manavalanagar SRO, with guideline values ranging from Rs 500 to Rs 2,000 per sq.ft. The median value for these streets is Rs 1,000 per sq.ft, which means Thulukanathamman Street's 2024 figure is below that median.

• Tholkappiar Street: Rs 800 per sq.ft (2024)
• Thiru.VI.Ka.Steet: Rs 800 per sq.ft (2024)
• Thiruvalluvar Street: Rs 1,300 per sq.ft (2024)
• Vaikai Street: Rs 1,300 per sq.ft (2024)
• Valavan Street: Rs 800 per sq.ft (2024)
• Vallalar Street: Rs 800 per sq.ft (2024)

Stamp duty and registration fee for property in Thulukanathamman Street

For a 1,000 sq.ft plot at the current guideline value of Rs 800 per sq.ft, the total guideline value amounts to Rs 8,00,000. The stamp duty at 7% would be Rs 56,000, and the registration fee at 2% would be Rs 16,000, making a total of Rs 72,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thulukanathamman Street?

The Sub Registrar Office covering Thulukanathamman Street is the Manavalanagar Sub Registrar Office, located at Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Vengathur. It is used to determine the amount of stamp duty and registration fees that need to be paid during the transaction. The guideline value is set by the government and reflects the minimum value at which properties in the area can be registered.

Frequently asked questions

What is the current guideline value for Thulukanathamman Street?

The current guideline value for Thulukanathamman Street is Rs 800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, starting from Rs 125 per sq.ft in 2007, rising to Rs 800 per sq.ft in 2012, decreasing to Rs 536 per sq.ft in 2017, and then increasing again to Rs 800 per sq.ft in 2023 and 2024.

What is the median guideline value for streets in Vengathur?

The median guideline value for the 186 streets in Vengathur is Rs 1,000 per sq.ft. Thulukanathamman Street's current value is below this median.

What are the stamp duty and registration fees for a property in Thulukanathamman Street?

For a 1,000 sq.ft property at the guideline value of Rs 800 per sq.ft, the total guideline value is Rs 8,00,000. The stamp duty would be Rs 56,000 and the registration fee would be Rs 16,000, totaling Rs 72,000.

Which office handles the registration for Thulukanathamman Street?

The registration for Thulukanathamman Street is handled by the Manavalanagar Sub Registrar Office, located at Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai registration zone.