Guideline Value for THULULKANATHAMMAN 4TH STREET

Thululkanathamman 4th Street guideline value

The current guideline value of Thululkanathamman 4th 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 4th Street has changed

The guideline value for Thululkanathamman 4th Street has undergone several revisions over the years. In 2002, the value was Rs 107 per sq.ft, which increased to Rs 126 per sq.ft in 2003, marking an 18% increase. The value then saw a significant rise to Rs 400 per sq.ft in 2007, a 217% increase from the previous revision. By 2012, the value rose further to Rs 1,800 per sq.ft, reflecting a remarkable 350% increase from 2007. However, from 2012 to 2017, the value decreased to Rs 1,206 per sq.ft, a decline of 33%.

The most recent revision in 2024 set the guideline value at Rs 1,980 per sq.ft, representing a 64% increase from the 2017 figure. 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 the 2024 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 4th Street's 2024 value above this median.

• Thululkanathamman 3rd Street: Rs 1,980 per sq.ft (2024)
• Thululkanathamman 5th Street: Rs 1,980 per sq.ft (2024)
• Thululkanathamman 2nd Street: Rs 1,980 per sq.ft (2024)
• Thululkanathamman 6th Street: Rs 1,980 per sq.ft (2024)
• Thululkanathamman 1st 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 4th 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, totaling Rs 1,78,200. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Thululkanathamman 4th Street?

The Sub Registrar Office covering Thululkanathamman 4th 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 in the registration process when buying or selling property in Pallikaranai. It serves as a benchmark for determining the minimum price at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with legal requirements during the transaction.

When registering a property, the stamp duty and registration fees are calculated based on the guideline value or the actual sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Thululkanathamman 4th Street?

The current guideline value of Thululkanathamman 4th 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 changed significantly, increasing from Rs 107 per sq.ft in 2002 to Rs 1,980 per sq.ft in 2024, which is an overall increase of 1,750%.

What is the land classification for Thululkanathamman 4th Street?

The land classification for Thululkanathamman 4th Street is Residential Class III Type - I.

What are the stamp duty and registration fees for property transactions?

For a property valued at Rs 19,80,000, the stamp duty would be Rs 1,38,600, and the registration fee would be Rs 39,600, totaling Rs 1,78,200.

Which office handles registrations for Thululkanathamman 4th Street?

The Chennai South Joint I Sub Registrar Office handles registrations for Thululkanathamman 4th Street, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.