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 Vallancheri 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 undergone several revisions over the years. The earliest recorded revision was in 2012, where the guideline value was Rs 700 per sq.ft. This figure remained unchanged until the next revision in 2017, which saw a decrease of 33% to Rs 469 per sq.ft. In 2023, the value increased significantly to Rs 700 per sq.ft, marking a 49% rise from the 2017 figure. The latest revision in 2024 set the guideline value at Rs 770 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that there are no recorded figures for Thulukkanathamman Koil Street in the revisions for the years 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Vallancheri

In Vallancheri, there are 134 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 guideline value for these streets is Rs 825 per sq.ft, placing Thulukkanathamman Koil Street's 2024 figure below this median.

• 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 880 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)
• Vallancheri Anna Street (Ward -1): Rs 770 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 would be Rs 7,70,000. The stamp duty at 7% would amount to Rs 53,900, while the registration fee at 2% would be Rs 15,400. Together, the total cost for these fees would be Rs 69,300. It is important to note that the duty is charged on the higher of the guideline value or 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, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in property transactions in Vallancheri, as it serves as a benchmark for determining the stamp duty and registration fees payable during the sale or purchase of property. When registering a property, the guideline value is used to assess the applicable charges, ensuring that both buyers and sellers are aware of the financial implications of their transactions.

Additionally, the guideline value helps maintain transparency in property dealings, as it provides a standardized measure for property valuation. This ensures that all parties involved in a transaction have a clear understanding of the costs associated with buying or selling property in Vallancheri.

Frequently asked questions

What is the current guideline value of Thulukkanathamman Koil Street (Ward -1)?

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?

The guideline value has changed from Rs 700 per sq.ft in 2012 to Rs 469 per sq.ft in 2017, then back to Rs 700 per sq.ft in 2023, and finally to Rs 770 per sq.ft in 2024.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For example, for a 1,000 sq.ft plot, the total fees would amount to Rs 69,300.

Where is the Sub Registrar Office for Thulukkanathamman Koil Street (Ward -1)?

The Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone.

What is the land classification for Thulukkanathamman Koil Street (Ward -1)?

The land classification for Thulukkanathamman Koil Street (Ward -1) is Residential Class I Type - III.