Guideline Value for THULUKKANA NAICKEN STREET

Thulukkana Naicken Street guideline value

The current guideline value of Thulukkana Naicken Street is Rs 3,700 per sq.ft, effective from 1 July 2024. This street is located in Thiruvottiyur village and falls under the Thiruvottiyur SRO. The land classification for this area is Mixed Special Type - II.

How the guideline value of Thulukkana Naicken Street has changed

Over the years, the guideline value for Thulukkana Naicken Street has seen several revisions. In the 2007 revision, the value was set at Rs 600 per sq.ft, which increased significantly to Rs 3,400 per sq.ft in the 2012 revision. However, this figure then decreased to Rs 2,278 per sq.ft in the 2017 revision. The 2023 revision marked an increase to Rs 3,400 per sq.ft, and the latest 2024 revision has further increased it to Rs 3,700 per sq.ft. The register has no figure for this street for the years 2002 and 2003.

Analyzing the changes between revisions, the guideline value rose by 467% from 2007 to 2012, then decreased by 33% from 2012 to 2017. From 2017 to 2023, there was a substantial increase of 49%. The overall change from 2007 to 2024 shows a remarkable increase of 517% in the guideline value per sq.ft.

Guideline values in Thiruvottiyur

In Thiruvottiyur village, there are 177 streets under the Thiruvottiyur SRO that carry a 2024 guideline value, ranging from Rs 1,300 to Rs 8,600 per sq.ft. The median value among these streets is Rs 3,300 per sq.ft, placing Thulukkana Naicken Street's 2024 figure above this median.

• Thuppuravu Paniyalar Kudiyruppu(Sathiyamoorthi Nagar): Rs 2,150 per sq.ft (2024)
• T.K.B.Nagar: Rs 1,900 per sq.ft (2024)
• T.K.S.Nagar: Rs 1,500 per sq.ft (2024)
• Thiyagi Sathiyamorthi Nagar: Rs 2,800 per sq.ft (2024)
• Thiyagarayapuram: Rs 2,800 per sq.ft (2024)
• Thiryagarajan Street: Rs 3,700 per sq.ft (2024)

Stamp duty and registration fee for property in Thulukkana Naicken Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,700 per sq.ft, the total guideline value amounts to Rs 37,00,000. The stamp duty at 7% would be Rs 2,59,000, and the registration fee at 2% would be Rs 74,000, bringing the total cost for these fees to Rs 3,33,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Thulukkana Naicken Street?

The Sub Registrar Office that covers Thulukkana Naicken Street is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration of property transactions in Thiruvottiyur. When a property is bought or sold, the guideline value is used to determine the stamp duty and registration fees that need to be paid. This ensures that the fees are calculated based on a standardized value set by the government, rather than the negotiated sale price.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly impacts the overall cost of the transaction. Understanding the guideline value helps in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of Thulukkana Naicken Street?

The current guideline value of Thulukkana Naicken Street is Rs 3,700 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 600 per sq.ft in 2007 to Rs 3,700 per sq.ft in 2024, marking an overall increase of 517% over the years.

What are the other streets in Thiruvottiyur with their guideline values?

Other streets in Thiruvottiyur have varying guideline values, with rates ranging from Rs 1,500 to Rs 3,700 per sq.ft as of 2024.

What is the stamp duty and registration fee for a property in Thulukkana Naicken Street?

For a property valued at Rs 37,00,000, the stamp duty would be Rs 2,59,000 and the registration fee would be Rs 74,000, totaling Rs 3,33,000.

Which office do I need to visit for property registration in Thulukkana Naicken Street?

The Thiruvottiyur Sub Registrar Office is responsible for property registrations in Thulukkana Naicken Street, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.