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 Sattamangalam 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 undergone several revisions over the years. In the 2012 revision, the value was set at Rs 600 per sq.ft. This value remained unchanged until the 2017 revision, where it decreased to Rs 402 per sq.ft. Following this, the 2023 revision saw a significant increase to Rs 600 per sq.ft, and the most recent 2024 revision raised it further to Rs 660 per sq.ft, marking a 10% increase from the previous year.

Specifically, the changes between revisions are notable. From 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the value increased by 49%. 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.

Guideline values in Sattamangalam

In Sattamangalam village, there are 425 streets under the Chengleput Joint II SRO with a 2024 guideline value ranging from Rs 440 to Rs 2,200 per sq.ft. The median guideline value in the village is Rs 1,100 per sq.ft, which means that the Thulukkanathamman Koil Street's 2024 figure is below this 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)
• 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 660 per sq.ft, the total guideline value would be Rs 6,60,000. The stamp duty, calculated at 7%, would amount to Rs 46,200, while the registration fee at 2% would be Rs 13,200. Together, these fees total Rs 59,400. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thulukkanathamman Koil Street (Ward -18)?

The Thulukkanathamman Koil Street (Ward -18) is covered by 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 details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Sattamangalam. It serves as a basis for calculating the stamp duty and registration fees, ensuring that the government receives appropriate revenue from property transactions.

When a property is sold, the guideline value is compared with the sale price, and the higher of the two is used to determine the applicable fees. This ensures that the transaction is registered at a value that reflects the current market conditions, as indicated by the guideline value.

Frequently asked questions

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

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

How much has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 660 per sq.ft in 2024, reflecting an overall increase of 10% over this period.

What is the median guideline value in Sattamangalam?

The median guideline value in Sattamangalam is Rs 1,100 per sq.ft, which is higher than the current guideline value of Thulukkanathamman Koil Street.

What are the stamp duty and registration fees for property in Thulukkanathamman Koil Street?

The stamp duty for a property valued at Rs 6,60,000 would be Rs 46,200, and the registration fee would be Rs 13,200, totaling Rs 59,400.

Which office handles the registration for Thulukkanathamman Koil Street?

The Chengleput Joint II Sub Registrar Office handles the registration for Thulukkanathamman Koil Street (Ward -18), located at 10, Kancheepuram Main Road, Chengalpattu 603 002.