Guideline Value for THULUKKANATHAMMAN KOIL STREET

Thulukkanathamman Koil Street guideline value

The current guideline value of Thulukkanathamman Koil Street is Rs 2,900 per sq.ft, effective from 1 July 2024. This street is located in Chitthalapakkam village, under the Selaiyur Sub Registrar Office (SRO). The land classification for this area is Industries Type - I.

How the guideline value of Thulukkanathamman Koil Street has changed

The guideline value for Thulukkanathamman Koil Street has undergone several revisions over the years. The earliest recorded revision is from 2012, where the guideline value was Rs 2,700 per sq.ft. This figure remained unchanged until the next revision in 2017, which saw a decrease to Rs 1,809 per sq.ft. Following this, the value increased significantly to Rs 2,700 per sq.ft in 2023, and then to Rs 2,900 per sq.ft in 2024, marking a 7% increase from the previous year.

From 2012 to 2017, the guideline value experienced a decline of 33%. However, from 2017 to 2023, there was a substantial increase of 49%. Overall, when comparing the values from 2012 to 2024, there has been a modest increase of 7%. It is important to note that the register has no figures for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Chitthalapakkam

In Chitthalapakkam, there are 107 streets under the Selaiyur SRO that carry a 2024 guideline value, ranging from Rs 1,300 to Rs 5,000 per sq.ft. The median value among these streets is Rs 2,900 per sq.ft, which is the same as the current guideline value for Thulukkanathamman Koil Street. Below are the guideline values for other streets in Chitthalapakkam:

• T.V. Nagar: Rs 2,900 per sq.ft (2024)
• Thirumurugan Nagar: Rs 2,700 per sq.ft (2024)
• Thirumalai Nagar: Rs 2,700 per sq.ft (2024)
• Valluvar Nagar: Rs 2,900 per sq.ft (2024)
• Thirukkural Street: Rs 1,950 per sq.ft (2024)
• Varadharaja Perumal Koil Street: Rs 2,900 per sq.ft (2024)

Stamp duty and registration fee for property in Thulukkanathamman Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,900 per sq.ft, the total guideline value would be Rs 29,00,000. The stamp duty at 7% would amount to Rs 2,03,000, while the registration fee at 2% would be Rs 58,000. Together, these fees would total Rs 2,61,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for further assistance.

Which Sub Registrar Office covers Thulukkanathamman Koil Street?

The Sub Registrar Office that covers Thulukkanathamman Koil Street is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp to Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, 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 Chitthalapakkam

The guideline value plays a crucial role in the registration process of property transactions in Chitthalapakkam. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations and to avoid any legal issues during the transaction.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. These fees are based on the higher of the guideline value or the actual sale price, ensuring that the government collects the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Thulukkanathamman Koil Street?

The current guideline value of Thulukkanathamman Koil Street is Rs 2,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,700 per sq.ft in 2023 to Rs 2,900 per sq.ft in 2024, reflecting a 7% increase. Prior to that, it was Rs 1,809 per sq.ft in 2017 and Rs 2,700 per sq.ft in 2012.

What is the land classification for Thulukkanathamman Koil Street?

The land classification for Thulukkanathamman Koil Street is Industries Type - I, indicating its suitability for industrial activities.

Where can I find the Selaiyur Sub Registrar Office?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp to Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price of the property. For example, a property with a guideline value of Rs 29,00,000 would incur a stamp duty of Rs 2,03,000 and a registration fee of Rs 58,000.