Guideline Value for THULUKKANATHAMMAN KOIL STREET (WARD -18)

Thulukkanathamman Koil Street (Ward -18) guideline value

The current guideline value for Thulukkanathamman Koil Street (Ward -18) is Rs 661 per sq.ft. This street is located in Peramanoor 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

Over the years, the guideline value for Thulukkanathamman Koil Street has seen several revisions. The most recent revision in 2024 set the value at Rs 661 per sq.ft, which is an increase from Rs 600 per sq.ft in 2023, marking a change of +10%. Prior to that, in 2017, the guideline value was Rs 402 per sq.ft, indicating a significant increase of +49% from 2017 to 2023. The 2012 revision also recorded a value of Rs 600 per sq.ft, which was a decrease of -33% from the 2017 figure.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by +10%. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Peramanoor

In Peramanoor, there are 430 streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 550 to Rs 2,200 per sq.ft. 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 550 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)
• Thiyagarajar Street (Ward -7): Rs 1,320 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 661 per sq.ft, the total guideline value amounts to Rs 6,61,000. The stamp duty at 7% would be Rs 46,270, and the registration fee at 2% would be Rs 13,220, bringing the total fees together to Rs 59,490. 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 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 Peramanoor

The guideline value plays a crucial role in property transactions in Peramanoor, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees, ensuring that the transaction is compliant with local regulations.

It is essential for buyers and sellers to be aware of the current guideline value, as it can affect the overall cost of the transaction. Proper understanding of this value helps in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value for Thulukkanathamman Koil Street?

The current guideline value for Thulukkanathamman Koil Street (Ward -18) is Rs 661 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2023 to Rs 661 per sq.ft in 2024, a +10% increase. It was Rs 402 per sq.ft in 2017, showing a +49% increase from 2017 to 2023.

What is the land classification for Thulukkanathamman Koil Street?

Thulukkanathamman Koil Street is classified as Residential Class I Type - III, indicating its suitability for residential development.

Where can I find the Chengleput Joint II Sub Registrar Office?

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

How is the stamp duty calculated for property transactions?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property with a guideline value of Rs 6,61,000, the stamp duty at 7% would amount to Rs 46,270.