Guideline Value for THULUKANTHAMMAN KOIL 7th ST

THULUKANTHAMMAN KOIL 7th ST guideline value

The current guideline value of THULUKANTHAMMAN KOIL 7th ST is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Pallikaranai village, under the Chennai South Joint I SRO, and is classified as Residential Class IV Type - II.

How the guideline value of THULUKANTHAMMAN KOIL 7th ST has changed

The guideline value for THULUKANTHAMMAN KOIL 7th ST has undergone several revisions over the years. In the 2012 revision, the value was set at Rs 1,200 per sq.ft. The most recent revision in 2024 increased the guideline value to Rs 1,320 per sq.ft, reflecting a change of +10% from the 2012 figure. There are no figures available for the years 2002, 2003, 2007, 2017, and 2023 for this street.

From 2012 to 2024, the increase in the guideline value indicates a notable adjustment. The current value of Rs 1,320 per sq.ft is below the median value of Rs 1,650 per sq.ft for the 749 streets in Pallikaranai under the Chennai South Joint I SRO.

Guideline values in Pallikaranai

The guideline values in Pallikaranai vary significantly, with rates ranging from Rs 1,110 to Rs 8,580 per sq.ft as of the 2024 revision. THULUKANTHAMMAN KOIL 7th ST's current guideline value is lower than the median value of Rs 1,650 per sq.ft. Below are some other streets in Pallikaranai:

• Thulukanathamman P.G Road Cross Street: Rs 1,980 per sq.ft (2024)
• Thulukanathamman Koil Sudukadu St.: Rs 1,980 per sq.ft (2024)
• THULUKANATHAMMAN KOIL 9th ST: Rs 1,980 per sq.ft (2024)
• Thulukanathamman Koil 7th Street: Rs 1,980 per sq.ft (2024)
• THULUKANATHAMMAN KOIL 6th ST: Rs 1,980 per sq.ft (2024)
• THULUKANATHAMMAN KOIL 5th ST.: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in THULUKANTHAMMAN KOIL 7th ST

For a 1,000 sq.ft plot at the current rate of Rs 1,320 per sq.ft, the guideline value amounts to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, totaling Rs 1,18,800. 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 THULUKANTHAMMAN KOIL 7th ST?

The Sub Registrar Office that covers THULUKANTHAMMAN KOIL 7th ST is the Chennai South Joint I 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 information.

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

The guideline value is a crucial factor during the registration process of property transactions in Pallikaranai. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

When buying or selling property, the guideline value helps determine the minimum price at which a property can be registered. This ensures transparency and fairness in property dealings, as it reflects the official valuation set by the government.

Frequently asked questions

What is the current guideline value of THULUKANTHAMMAN KOIL 7th ST?

The current guideline value of THULUKANTHAMMAN KOIL 7th ST is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for THULUKANTHAMMAN KOIL 7th ST was Rs 1,200 per sq.ft in 2012 and increased to Rs 1,320 per sq.ft in 2024, marking a +10% change. There are no figures available for the years 2002, 2003, 2007, 2017, and 2023 for this street.

What is the land classification for THULUKANTHAMMAN KOIL 7th ST?

THULUKANTHAMMAN KOIL 7th ST is classified as Residential Class IV Type - II, indicating its suitability for residential purposes.

What are the stamp duty and registration fees for property in THULUKANTHAMMAN KOIL 7th ST?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees would amount to Rs 1,18,800. This includes a stamp duty of Rs 92,400 and a registration fee of Rs 26,400.

Where can I find the Sub Registrar Office for THULUKANTHAMMAN KOIL 7th ST?

The Sub Registrar Office for THULUKANTHAMMAN KOIL 7th ST is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035. You can find more information by visiting the relevant link.