Guideline Value for THULUKKANATHAMMAN NAGAR

Thulukkanathamman Nagar guideline value

The current guideline value of Thulukkanathamman Nagar is Rs 126 per sq.ft, effective from 1 July 2024. This area is located in Voyalur village, under the Ponneri SRO, and is classified as Residential Class I Type - I.

How the guideline value of Thulukkanathamman Nagar has changed

In the 2017 revision, the guideline value for Thulukkanathamman Nagar was Rs 84 per sq.ft. This figure increased by 50% in the 2023 revision, where it remained at Rs 126 per sq.ft. The 2024 revision also shows the same guideline value of Rs 126 per sq.ft, indicating no change from the previous year.

There are no figures available for the revisions in the years 2002, 2003, 2007, and 2012 for this street. Overall, from the 2017 revision to the 2024 revision, there has been a 50% increase in the guideline value.

Guideline values in Voyalur

In Voyalur, there are 17 streets under the Ponneri SRO that have a 2024 guideline value ranging from Rs 100 to Rs 150 per sq.ft, with a median of Rs 100 per sq.ft. Thulukkanathamman Nagar's 2024 figure of Rs 126 per sq.ft is above this median.

• Sri Thiruvudaiamman Nagar: Rs 100 per sq.ft (2024)
• Sri Thiruvudaiamman Avenue: Rs 100 per sq.ft (2024)
• Sri Krishna Nagar: Rs 150 per sq.ft (2024)
• Sabapathi Nagar: Rs 100 per sq.ft (2024)
• Muthu Nagar City: Rs 100 per sq.ft (2024)
• Mahalakshmi Nagar II: Rs 126 per sq.ft (2024)

Stamp duty and registration fee for property in Thulukkanathamman Nagar

For a 1,000 sq.ft plot at the current rate of Rs 126 per sq.ft, the guideline value would be Rs 1,26,000. The stamp duty at 7% would amount to Rs 8,820, and the registration fee at 2% would be Rs 2,520, totaling Rs 11,340. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Thulukkanathamman Nagar?

The Sub Registrar Office that covers Thulukkanathamman Nagar is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Voyalur. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on the official valuation of the property.

When buying or selling property, the guideline value is considered to determine the applicable charges. Buyers should be aware that the stamp duty is charged on the higher of the guideline value and the sale price, which can affect the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Thulukkanathamman Nagar?

The current guideline value of Thulukkanathamman Nagar is Rs 126 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 84 per sq.ft in 2017 to Rs 126 per sq.ft in both 2023 and 2024, marking a 50% increase overall from 2017 to 2024.

What is the land classification for Thulukkanathamman Nagar?

Thulukkanathamman Nagar is classified as Residential Class I Type - I, indicating its designation for residential use.

Where can I find the Ponneri Sub Registrar Office?

The Ponneri Sub Registrar Office is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.

How is 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 1,000 sq.ft plot at Rs 126 per sq.ft, the total guideline value would be Rs 1,26,000.