Guideline Value for THULUKATHAMMAN KOIL 3RD STREET

Thulukathamman Koil 3rd Street guideline value

The current guideline value of Thulukathamman Koil 3rd 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. The land classification for this area is Residential Class IV Type - III.

How the guideline value of Thulukathamman Koil 3rd Street has changed

The guideline value for Thulukathamman Koil 3rd Street has undergone several revisions over the years. The 2012 revision set the value at Rs 1,500 per sq.ft. This figure remained until the 2017 revision, which decreased the value to Rs 1,005 per sq.ft, marking a decline of 33%. In 2023, the value was revised to Rs 1,500 per sq.ft, and then it increased to Rs 1,650 per sq.ft in the 2024 revision, reflecting a 10% increase.

From 2017 to 2023, the guideline value saw a significant increase of 49%. Overall, from the 2012 revision to the 2024 revision, there has been a 10% increase in the guideline value. It is important to note that there are no figures available 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 guideline values 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 3rd Street's 2024 figure below that median.

• Thulukathamman Koil 2nd Street: Rs 1,650 per sq.ft (2024)
• Thulukathamman Koil 1st 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 3rd 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 to Rs 1,48,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thulukathamman Koil 3rd Street?

The Sub Registrar Office that covers Thulukathamman Koil 3rd 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, Chennai registration zone.

To find your SRO, you can visit find your SRO.

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

The guideline value is an essential factor when buying or selling property in Manapakkam. It serves as a benchmark for determining the stamp duty and registration fees payable during the registration process. Buyers should be aware that the guideline value can influence the overall cost of the transaction.

When a property is registered, the authorities will charge stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the registration process is aligned with the official valuation of properties in the area.

Frequently asked questions

What is the current guideline value of Thulukathamman Koil 3rd Street?

The current guideline value of Thulukathamman Koil 3rd 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 back 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 3rd Street?

The land classification for Thulukathamman Koil 3rd Street is Residential Class IV Type - III.

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

The Sub Registrar Office for Thulukathamman Koil 3rd 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.

How is the 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, for a property valued at Rs 16,50,000, the stamp duty would be Rs 1,15,500 at 7%.