Guideline Value

Corporate

Guideline Value for THULULKANATHAMMAN 1ST STREET

₹1980/sq.ft.

The guideline value for Thululkanathamman 1st Street in Pallikaranai village (Chennai South Joint I SRO, Chennai zone) is Rs 1980 per sq.ft, effective 1 July 2024. It was Rs 1800 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Pallikaranai

Village

Chennai South Joint I

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹1980 /sq.ft.
From 1-4-2023 ₹1800 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 ₹1800 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹400 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹126 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹107 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Integrated Building For Offices Of The Commerrcial Taxes And Registrations Department ,fanepet Nandanam ,chennai -600 035
044-29510536
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Thululkanathamman 1st Street

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Thululkanathamman 1st Street guideline value

The current guideline value of Thululkanathamman 1st Street is Rs 1,980 per sq.ft, effective from 1 July 2024. This street is located in Pallikaranai village, under the Chennai South Joint I SRO, and is classified as Residential Class III Type - I.

How the guideline value of Thululkanathamman 1st Street has changed

The guideline value for Thululkanathamman 1st Street has undergone several revisions over the years. In 2002, the guideline value was Rs 107 per sq.ft, which increased to Rs 126 per sq.ft in 2003, marking an 18% rise. The value saw a significant jump to Rs 400 per sq.ft in 2007, representing a 217% increase. By 2012, the value remained at Rs 1,800 per sq.ft, and this figure was unchanged until the 2023 revision.

In 2023, the guideline value was revised to Rs 1,800 per sq.ft, and then it increased by 10% to the current value of Rs 1,980 per sq.ft in 2024. The register has no figure for this street for the year 2017. Overall, from 2002 to 2024, the guideline value has increased by 1,750%.

Guideline values in Pallikaranai

Pallikaranai village has a total of 749 streets under the Chennai South Joint I SRO, with guideline values ranging from Rs 1,110 to Rs 8,580 per sq.ft. The median guideline value for these streets is Rs 1,650 per sq.ft, placing Thululkanathamman 1st Street's 2024 figure above that median.

Stamp duty and registration fee for property in Thululkanathamman 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value amounts to Rs 19,80,000. The stamp duty at 7% would be Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, bringing the total cost for these fees to Rs 1,78,200. 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 more details.

Which Sub Registrar Office covers Thululkanathamman 1st Street?

The Sub Registrar Office that covers Thululkanathamman 1st Street is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find your SRO for more information.

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

The guideline value is a critical factor in property transactions in Pallikaranai. It serves as a benchmark for determining the minimum value of a property for registration purposes. Buyers and sellers must consider this value when negotiating sale prices, as it directly affects the stamp duty and registration fees payable at the time of registration.

When a property is sold, the guideline value ensures that the transaction is recorded at a fair value, preventing undervaluation. This process helps maintain transparency in property dealings and ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Thululkanathamman 1st Street?

The current guideline value of Thululkanathamman 1st Street is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 107 per sq.ft in 2002 to Rs 1,980 per sq.ft in 2024, marking an overall increase of 1,750%.

What is the registration office for Thululkanathamman 1st Street?

The registration office for Thululkanathamman 1st Street is the Chennai South Joint I Sub Registrar Office, located in Fanepet Nandanam, Chennai.

What are the other streets with the same guideline value in Pallikaranai?

Other streets in Pallikaranai, such as Thululkanathamman 2nd, 3rd, 4th, 5th, 6th Streets, and Thululkanathamman Koil 7 To 10th Street, also have a guideline value of Rs 1,980 per sq.ft in 2024.

How is stamp duty calculated for properties in Thululkanathamman 1st Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 19,80,000 would incur a stamp duty of Rs 1,38,600.