Guideline Value for THULUKKANA THOTTAM

Thulukkana Thottam guideline value

The current guideline value of Thulukkana Thottam is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Mylapore village, under the Mylapore Sub Registrar Office (SRO). The land classification for this area is Residential Class V Type - III.

How the guideline value of Thulukkana Thottam has changed

The guideline value for Thulukkana Thottam has undergone several revisions over the years. In 2002, the value was Rs 612 per sq.ft, which increased to Rs 680 per sq.ft in 2003, marking an 11% rise. The value then saw a significant jump to Rs 900 per sq.ft in 2007, reflecting a 32% increase. By 2012, the guideline value reached Rs 3,000 per sq.ft, representing a substantial 233% increase from the 2007 figure.

The most recent revision in 2024 has set the guideline value at Rs 3,300 per sq.ft, which is a 10% increase from the 2012 revision. Overall, from 2002 to 2024, the guideline value for Thulukkana Thottam has increased by 439%. It is important to note that there are no figures available for the years 2017 and 2023 for this street.

Guideline values in Mylapore

In Mylapore, there are 883 streets under the Mylapore SRO that have a 2024 guideline value ranging from Rs 3,300 to Rs 25,800 per sq.ft. The median guideline value in this village is Rs 8,800 per sq.ft, indicating that Thulukkana Thottam's current value is below this median.

• Thulukkana Thottam 1st Street: 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

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, and the registration fee at 2% would be Rs 66,000. Together, these costs would total Rs 2,97,000. 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 Thulukkana Thottam?

The Thulukkana Thottam area is covered by 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 more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Mylapore. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees applicable to the transaction. This ensures that the government receives the appropriate revenue based on the established values for different areas.

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 these values helps in making informed decisions during property dealings in Mylapore.

Frequently asked questions

What is the current guideline value of Thulukkana Thottam?

The current guideline value of Thulukkana Thottam 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?

The land classification for Thulukkana Thottam is Residential Class V Type - III.

Where is the Mylapore Sub Registrar Office located?

The Mylapore Sub Registrar Office is located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai - 600018.

How is the stamp duty calculated for properties in Thulukkana Thottam?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a 1,000 sq.ft plot at the current guideline value would incur a total cost of Rs 2,97,000 in stamp duty and registration fees.