Guideline Value for THULUKKANATHAMMAN KOIL STREET (WARD -1)

Thulukkanathamman Koil Street (Ward -1) guideline value

The current guideline value of Thulukkanathamman Koil Street (Ward -1) is Rs 770 per sq.ft, effective from 1 July 2024. This street is located in Thailavaram village and falls under the Chengleput Joint II SRO. The land classification for this area is Residential Class I Type - III.

How the guideline value of Thulukkanathamman Koil Street (Ward -1) has changed

The guideline value of Thulukkanathamman Koil Street has seen several revisions over the years. In the 2012 revision, the value was set at Rs 700 per sq.ft, which then decreased to Rs 469 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 700 per sq.ft in the 2023 revision, and then further rose to Rs 770 per sq.ft in the 2024 revision. Notably, the register has no figures for the years 2002, 2003, and 2007.

From 2012 to 2017, the guideline value decreased by 33%, while from 2017 to 2023, it increased by 49%. The overall change from 2012 to 2024 shows a modest increase of 10%, indicating that the current value is aligned with the upward adjustments made in recent years.

Guideline values in Thailavaram

In Thailavaram village, there are 132 streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 440 to Rs 2,200 per sq.ft. The median value among these streets is Rs 770 per sq.ft, which is the same as the 2024 guideline value for Thulukkanathamman Koil Street.

• Thiruveeka Street (Ward-21): Rs 660 per sq.ft (2024)
• Thiruvalluvar Street (Ward-21): Rs 660 per sq.ft (2024)
• Thiruvalluvar Street (Ward-20): Rs 881 per sq.ft (2024)
• Vainavi Crystal Garden: Rs 1,100 per sq.ft (2024)
• Thirumurugan Nagar Main Road (Ward -1): Rs 770 per sq.ft (2024)
• Vallalar Nagar Ambedkar Street (Ward-21): Rs 660 per sq.ft (2024)

Stamp duty and registration fee for property in Thulukkanathamman Koil Street (Ward -1)

For a 1,000 sq.ft plot at the current guideline value of Rs 770 per sq.ft, the total guideline value amounts to Rs 7,70,000. The stamp duty at 7% would be Rs 53,900, and the registration fee at 2% would be Rs 15,400, making the total charges together Rs 69,300. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thulukkanathamman Koil Street (Ward -1)?

The Sub Registrar Office that covers Thulukkanathamman Koil Street (Ward -1) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, within the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Thailavaram. It serves as a benchmark for determining the stamp duty and registration fees applicable to the sale or purchase of property. Buyers and sellers should be aware that the guideline value is used to calculate these fees, ensuring that all transactions adhere to the prescribed legal framework.

When engaging in property transactions, it is essential to consider the guideline value as it reflects the official valuation set by the government. This value helps maintain transparency and fairness in property dealings, providing a standardized approach for all stakeholders involved in the transaction.

Frequently asked questions

What is the current guideline value of Thulukkanathamman Koil Street?

The current guideline value of Thulukkanathamman Koil Street (Ward -1) is Rs 770 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Over the years, the guideline value has seen various changes, including a decrease from Rs 700 per sq.ft in 2012 to Rs 469 per sq.ft in 2017, followed by an increase to Rs 700 in 2023 and then to Rs 770 in 2024.

What is the land classification for Thulukkanathamman Koil Street?

The land classification for Thulukkanathamman Koil Street (Ward -1) is Residential Class I Type - III, indicating its suitability for residential development.

Which Sub Registrar Office covers this street?

The Chengleput Joint II Sub Registrar Office covers Thulukkanathamman Koil Street, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the stamp duty would amount to Rs 53,900.