Guideline Value for Thallunkinaru Street

Thallunkinaru Street guideline value

The current guideline value of Thallunkinaru Street in Konnur village, under the Konnur SRO, is Rs 3,800 per sq.ft, effective from 1 July 2024. This street is classified as Residential Class II Type - I.

How the guideline value of Thallunkinaru Street has changed

The guideline value for Thallunkinaru Street has undergone several revisions since 2002. In the 2002 revision, the value was Rs 181 per sq.ft, which increased to Rs 225 per sq.ft in 2003. The value saw a significant rise to Rs 700 per sq.ft in 2007, followed by a further increase to Rs 3,500 per sq.ft in 2012. However, between 2012 and 2017, the value decreased to Rs 2,345 per sq.ft. The 2023 revision recorded a value of Rs 3,500 per sq.ft, which then rose to the current value of Rs 3,800 per sq.ft in 2024.

Overall, the changes between the revisions are notable. From 2002 to 2024, the guideline value has increased by 1,999%. The most significant increase occurred between 2007 and 2012, with a rise of 400%. The latest revision from 2023 to 2024 reflects a 9% increase.

Guideline values in Konnur

Konnur village has a total of 249 streets under the Konnur SRO, with guideline values ranging from Rs 2,750 to Rs 7,100 per sq.ft. The median value among these streets is Rs 3,800 per sq.ft, which is the same as the current guideline value for Thallunkinaru Street.

• Thakoor Street: Rs 3,800 per sq.ft (2024)
• Thaiyallu Nagar: Rs 5,500 per sq.ft (2024)
• Teachers Guild Colony: Rs 5,500 per sq.ft (2024)
• Therku Jaganatha Nagar Eighth Cross Street & Street: Rs 3,800 per sq.ft (2024)
• Therku Jaganatha Nagar Fifth Cross Street & Street: Rs 3,800 per sq.ft (2024)
• Therku Jaganatha Nagar First Cross Street & Street: Rs 3,800 per sq.ft (2024)

Stamp duty and registration fee for property in Thallunkinaru Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,800 per sq.ft, the total guideline value amounts to Rs 38,00,000. The stamp duty at 7% would be Rs 2,66,000, while the registration fee at 2% would be Rs 76,000. This brings the total cost for stamp duty and registration fees to Rs 3,42,000. 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 Thallunkinaru Street?

The Sub Registrar Office that covers Thallunkinaru Street is the Konnur Sub Registrar Office, located at Sub Register Office, Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. You can find your SRO for more details.

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

The guideline value is a critical factor in the registration process when buying or selling property in Konnur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction. Buyers and sellers must consider the guideline value to ensure compliance with local regulations during the registration process.

When a property is registered, the guideline value is used to calculate the applicable fees, which are based on the higher of the guideline value or the sale price. This ensures that the transaction is recorded accurately and that the necessary fees are paid to the authorities.

Frequently asked questions

What is the current guideline value of Thallunkinaru Street?

The current guideline value of Thallunkinaru Street is Rs 3,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 181 per sq.ft in 2002 to Rs 3,800 per sq.ft in 2024, reflecting an overall increase of 1,999% over this period.

What is the land classification for Thallunkinaru Street?

Thallunkinaru Street is classified as Residential Class II Type - I under the current guidelines.

What are the stamp duty and registration fees for a property in Thallunkinaru Street?

The stamp duty is charged at 7% and the registration fee at 2% of the guideline value. For a property valued at Rs 38,00,000, the total fees would be Rs 3,42,000.

Which Sub Registrar Office covers Thallunkinaru Street?

The Konnur Sub Registrar Office covers Thallunkinaru Street, located at Sub Register Office, Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.