Guideline Value for THULUKATHAMMAN KOIL 1ST STREET

Thulukathamman Koil 1st Street guideline value

The current guideline value of Thulukathamman Koil 1st Street is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Manapakkam village and falls under the Chennai South Joint I SRO, classified as Residential Class IV Type - III.

How the guideline value of Thulukathamman Koil 1st Street has changed

The guideline value for Thulukathamman Koil 1st Street has undergone several revisions over the years. The 2012 revision set the value at Rs 1,500 per sq.ft, which then decreased to Rs 1,005 per sq.ft in 2017, marking a decline of 33%. However, the value significantly increased to Rs 1,500 per sq.ft in 2023, followed by a further rise to Rs 1,650 per sq.ft in 2024, representing a 10% increase from the previous year.

From 2017 to 2023, the value rose by 49%, reaching Rs 1,500 per sq.ft. Overall, from 2012 to 2024, the guideline value has increased by 10%. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Manapakkam

In Manapakkam, there are 368 streets under the Chennai South Joint I SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 12,800 per sq.ft. The median guideline value for these streets is Rs 2,530 per sq.ft, placing Thulukathamman Koil 1st Street's current value below this median.

• Thulukathamman Koil 2nd Street: Rs 1,650 per sq.ft (2024)
• Thulukathamman Koil 3rd Street: Rs 1,650 per sq.ft (2024)
• Thulukanathamman Koil Street: Rs 1,650 per sq.ft (2024)
• Thunai Sugathara Nilayam Salai: Rs 2,200 per sq.ft (2024)
• Tvs Emerald Peninsula: Rs 3,750 per sq.ft (2024)
• Thiruvalluvar Nagar: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Thulukathamman Koil 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value amounts to Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total fees to Rs 1,48,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can calculate your fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thulukathamman Koil 1st Street?

The Sub Registrar Office covering Thulukathamman Koil 1st Street 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 Manapakkam

The guideline value plays a crucial role during the registration of property transactions in Manapakkam. It is used to determine the stamp duty and registration fees, ensuring that these costs are calculated based on the official value set by the government.

When buying or selling property, it is essential to be aware of the guideline value, as it influences the overall cost of the transaction. Buyers should ensure that they are informed about the current values to avoid any surprises during the registration process.

Frequently asked questions

What is the current guideline value of Thulukathamman Koil 1st Street?

The current guideline value of Thulukathamman Koil 1st Street is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then increased to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,650 per sq.ft in 2024.

What is the land classification for Thulukathamman Koil 1st Street?

Thulukathamman Koil 1st Street is classified as Residential Class IV Type - III.

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

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 16,50,000, the total fees would amount to Rs 1,48,500.

Which office handles the registration for this street?

The Chennai South Joint I Sub Registrar Office handles the registration for Thulukathamman Koil 1st Street, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.