Guideline Value for THULULKANATHAMMAN 3RD STREET

Thululkanathamman 3rd Street guideline value

The current guideline value of Thululkanathamman 3rd Street is Rs 1,980 per sq.ft, effective from 1 July 2024. This street is located in Pallikaranai village and falls under the Chennai South Joint I SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of Thululkanathamman 3rd Street has changed

The guideline value for Thululkanathamman 3rd Street has undergone several revisions since 2002. 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 substantial increase to Rs 400 per sq.ft in 2007, reflecting a 217% change. By 2012, the value reached Rs 1,800 per sq.ft, a significant increase of 350% from the previous revision. However, in 2017, the value dropped to Rs 1,206 per sq.ft, indicating a decrease of 33% before rebounding to the current value of Rs 1,980 per sq.ft in 2024, which is a 64% increase from 2017.

The register has no figure for the year 2023 for Thululkanathamman 3rd Street. Overall, from 2002 to 2024, the guideline value has increased by 1,750%.

Guideline values in Pallikaranai

In Pallikaranai, there are 749 streets under the Chennai South Joint I SRO that carry a 2024 guideline value, ranging from Rs 1,110 to Rs 8,580 per sq.ft, with a median value of Rs 1,650 per sq.ft. Thululkanathamman 3rd Street's current guideline value is above this median.

• Thululkanathamman 2nd Street: Rs 1,980 per sq.ft (2024)
• Thululkanathamman 4th Street: Rs 1,980 per sq.ft (2024)
• Thululkanathamman 1st Street: Rs 1,980 per sq.ft (2024)
• Thululkanathamman 5th Street: Rs 1,980 per sq.ft (2024)
• Thululkanathamman 6th Street: Rs 1,980 per sq.ft (2024)
• Thululkanathamman Koil 7 To 10th Street: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Thululkanathamman 3rd 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. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thululkanathamman 3rd Street?

The Sub Registrar Office that covers Thululkanathamman 3rd 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 details.

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

The guideline value plays a crucial role during the registration process of property transactions in Pallikaranai. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, it is essential to consider the guideline value, as it affects the overall cost of the transaction. Buyers should be aware that the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Thululkanathamman 3rd Street?

The current guideline value of Thululkanathamman 3rd Street is Rs 1,980 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

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

What is the land classification for Thululkanathamman 3rd Street?

The land classification for Thululkanathamman 3rd Street is Residential Class III Type - I.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office for Thululkanathamman 3rd Street is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 19,80,000, the total fees would be Rs 1,78,200.