Guideline Value for THULUKKANA THOTTAM 1ST STREET

Thulukkana Thottam 1st Street guideline value

The current guideline value of Thulukkana Thottam 1st Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Mylapore village under the Mylapore SRO, classified as Residential Class V Type - III.

How the guideline value of Thulukkana Thottam 1st Street has changed

The guideline value for Thulukkana Thottam 1st Street has seen several revisions over the years. Starting from Rs 612 per sq.ft in 2002, it increased to Rs 680 per sq.ft in 2003, marking an 11% rise. In 2007, the value jumped to Rs 900 per sq.ft, reflecting a 32% increase. The following revision in 2012 saw a significant rise to Rs 3,000 per sq.ft, a 233% increase. However, the value dropped to Rs 2,010 per sq.ft in 2017, which was a decrease of 33%. The most recent revision in 2024 set the guideline value at Rs 3,300 per sq.ft, representing a 64% increase from the 2017 figure.

It is important to note that there is no figure available for the year 2023 for this street. Overall, from 2002 to 2024, the guideline value has increased by 439%.

Guideline values in Mylapore

Mylapore village has a total of 883 streets under the Mylapore SRO, with the 2024 guideline values ranging from Rs 3,300 to Rs 25,800 per sq.ft. The median guideline value in this area is Rs 8,800 per sq.ft, placing Thulukkana Thottam 1st Street's current value below the median.

• Thulukkana Thottam: Rs 3,300 per sq.ft (2024)
• Thulukkana Thottam 2nd Street: Rs 3,300 per sq.ft (2024)
• Thulukkana Thottam 3rd Street: Rs 3,300 per sq.ft (2024)
• Thondaikan Makkan 3rd Lane: Rs 3,300 per sq.ft (2024)
• Thondaikan Makkan 2nd Lane: Rs 3,300 per sq.ft (2024)
• Thondaikan Makkan 1st Lane: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Thulukkana Thottam 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, while the registration fee at 2% would be Rs 66,000. Together, these fees would total Rs 2,97,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thulukkana Thottam 1st Street?

The Sub Registrar Office that covers Thulukkana Thottam 1st Street is the Mylapore Sub Registrar Office, located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai - 600018. You can find your SRO for additional information.

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

When buying or selling property in Mylapore, the guideline value plays a crucial role in determining the stamp duty and registration fees. These fees are calculated based on the guideline value or the sale price, whichever is higher, ensuring that the state receives the appropriate revenue from property transactions.

It is essential for buyers and sellers to be aware of the current guideline value as it directly affects the financial aspects of property transactions. Understanding these values can help in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of Thulukkana Thottam 1st Street?

The current guideline value of Thulukkana Thottam 1st Street is Rs 3,300 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 612 per sq.ft in 2002 to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of 439% over the years.

What is the land classification for Thulukkana Thottam 1st Street?

Thulukkana Thottam 1st Street is classified as Residential Class V Type - III under the Mylapore SRO.

What are the stamp duty and registration fees for this street?

For a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000 and the registration fee would be Rs 66,000, totaling Rs 2,97,000.

Which office handles registrations for this street?

The Mylapore Sub Registrar Office handles registrations for Thulukkana Thottam 1st Street, located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai - 600018.