Guideline Value for THULULKANATHAMMAN 6TH STREET

Thululkanathamman 6th Street guideline value

The current guideline value of Thululkanathamman 6th 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 6th Street has changed

The guideline value for Thululkanathamman 6th Street has seen several revisions over the years. In 2002, the guideline value was Rs 107 per sq.ft. This increased to Rs 126 per sq.ft in 2003, marking an 18% rise. The value then surged significantly to Rs 400 per sq.ft in 2007, reflecting a 217% increase. Following this, the value jumped to Rs 1,800 per sq.ft in 2012, which was a remarkable 350% increase from the previous revision. However, it dropped to Rs 1,206 per sq.ft in 2017, representing a decrease of 33%.

In 2023, the guideline value rose to Rs 1,800 per sq.ft, and then increased by 10% to reach the current value of Rs 1,980 per sq.ft in 2024. Overall, from 2002 to 2024, the guideline value has increased by 1,750% for this street. The register has no figure for the years not mentioned in the revisions.

Guideline values in Pallikaranai

Pallikaranai village has a total of 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. The median guideline value for these streets is Rs 1,650 per sq.ft, making the 2024 figure for Thululkanathamman 6th Street above that median.

• Thululkanathamman 5th Street: Rs 1,980 per sq.ft (2024)
• Thululkanathamman Koil 7 To 10th Street: Rs 1,980 per sq.ft (2024)
• Thululkanathamman 4th Street: Rs 1,980 per sq.ft (2024)
• Thululkanathamman Street: Rs 1,980 per sq.ft (2024)
• Thululkanathamman 3rd Street: Rs 1,980 per sq.ft (2024)
• Thululkanathamman 2nd Street: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Thululkanathamman 6th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value would be 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 to Rs 1,78,200. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thululkanathamman 6th Street?

The Sub Registrar Office that covers Thululkanathamman 6th 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 of property transactions in Pallikaranai. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these fees are based on a standardized value set by the government.

When buying or selling property, the guideline value helps both parties understand the minimum value at which the property should be registered. This ensures transparency in transactions and helps prevent undervaluation of properties during registration.

Frequently asked questions

What is the current guideline value of Thululkanathamman 6th Street?

The current guideline value of Thululkanathamman 6th 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 significantly from Rs 107 per sq.ft in 2002 to Rs 1,980 per sq.ft in 2024, marking an overall increase of 1,750% over this period.

What is the land classification of Thululkanathamman 6th Street?

The land classification for Thululkanathamman 6th Street is Residential Class III Type - I.

What are the stamp duty and registration fees for a property in this area?

For a 1,000 sq.ft plot, the total guideline value is Rs 19,80,000, leading to a stamp duty of Rs 1,38,600 and a registration fee of Rs 39,600, totaling Rs 1,78,200.

Where is the Sub Registrar Office located for this street?

The Sub Registrar Office for Thululkanathamman 6th Street is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.