Guideline Value for THULUKKANATHAMMAN KOIL STREET (WARD -18)

Thulukkanathamman Koil Street (Ward -18) guideline value

The current guideline value of Thulukkanathamman Koil Street (Ward -18) is Rs 660 per sq.ft, effective from 1 July 2024. This street is located in Kattankollatur 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 -18) has changed

The guideline value for Thulukkanathamman Koil Street has seen several revisions over the years. The oldest available figure is from the 2012 revision, which was Rs 600 per sq.ft. In the 2017 revision, the value decreased to Rs 402 per sq.ft, marking a decline of 33%. The next revision in 2023 saw a significant increase to Rs 600 per sq.ft, followed by a further rise to Rs 660 per sq.ft in the 2024 revision, reflecting a 10% increase from the previous year. Overall, from 2012 to 2024, the guideline value has increased by 10%.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. This lack of data means we cannot assess any changes during those years.

Guideline values in Kattankollatur

In Kattankollatur, there are 453 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 3,612 per sq.ft as of 2024. The median guideline value in this village is Rs 1,100 per sq.ft, placing Thulukkanathamman Koil Street's 2024 figure below that median.

• Thriuvalluvar Street (Village Colony) (Kr): Rs 440 per sq.ft (2024)
• T.N.H.B (Ward -8): Rs 1,320 per sq.ft (2024)
• Thondaiman Street (Ward -5): Rs 1,320 per sq.ft (2024)
• Town Centre M.M.Nagar (Ward -3): Rs 1,760 per sq.ft (2024)
• Tholkoppiyar Street (N): Rs 1,320 per sq.ft (2024)
• Travancore Residency: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Thulukkanathamman Koil Street (Ward -18)

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value amounts to Rs 6,60,000. The stamp duty, calculated at 7%, would be Rs 46,200, while the registration fee at 2% would be Rs 13,200. Therefore, the total cost for stamp duty and registration fee would be Rs 59,400. It is essential 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 -18)?

The Sub Registrar Office that covers Thulukkanathamman Koil Street (Ward -18) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration process when buying or selling property in Kattankollatur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in the official registry.

When a property is sold, the guideline value helps in calculating the stamp duty and registration fees. Buyers should be aware that these fees are based on the guideline value or the sale price, whichever is higher, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value for Thulukkanathamman Koil Street (Ward -18)?

The current guideline value for Thulukkanathamman Koil Street (Ward -18) is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, with the most recent increase being from Rs 600 per sq.ft in 2023 to Rs 660 per sq.ft in 2024. Overall, from 2012 to 2024, the guideline value has increased by 10%.

What is the land classification for Thulukkanathamman Koil Street?

The land classification for Thulukkanathamman Koil Street (Ward -18) is Residential Class I Type - III.

Where can I find the Chengleput Joint II SRO?

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

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 6,60,000, the stamp duty would be Rs 46,200 and the registration fee would be Rs 13,200, totaling Rs 59,400.