Guideline Value for Thamaraikulam Street

Thamaraikulam Street guideline value

The current guideline value of Thamaraikulam Street is Rs 1,200 per sq.ft, effective from 1 July 2024. This street is located in Soorapattu village, under the Ambattur SRO, and is classified as Residential Class II Type - II.

How the guideline value of Thamaraikulam Street has changed

The guideline value for Thamaraikulam Street has seen several revisions over the years. The 2012 revision set the value at Rs 1,100 per sq.ft, which then decreased to Rs 737 per sq.ft in 2017. Following this, the value increased to Rs 1,100 per sq.ft in 2023, and further rose to Rs 1,200 per sq.ft in the 2024 revision, marking a 9% increase from the previous year.

From 2012 to 2017, the value decreased by 33%, but from 2017 to 2023, it increased significantly by 49%. Overall, from 2012 to 2024, the guideline value has seen a net increase of 9%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Soorapattu

In Soorapattu, there are 115 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 5,100 per sq.ft, with a median value of Rs 1,300 per sq.ft. Thamaraikulam Street's 2024 figure is below this median.

• Thangam Nagar: Rs 1,700 per sq.ft (2024)
• Tanker Street: Rs 1,200 per sq.ft (2024)
• Star Enclave: Rs 3,300 per sq.ft (2024)
• Thiruvalluvar Street: Rs 1,100 per sq.ft (2024)
• Thulukanathaman Nagar: Rs 2,400 per sq.ft (2024)
• Thulukanathamman Koil Street: Rs 1,700 per sq.ft (2024)

Stamp duty and registration fee for property in Thamaraikulam Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,200 per sq.ft, the total guideline value would be Rs 12,00,000. The stamp duty at 7% would amount to Rs 84,000, and the registration fee at 2% would be Rs 24,000, bringing the total to Rs 1,08,000. 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 Thamaraikulam Street?

The Sub Registrar Office that covers Thamaraikulam Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more details.

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

When buying or selling property in Soorapattu, the guideline value plays a crucial role during the registration process. It serves as a basis for calculating stamp duty and registration fees, ensuring that these costs are aligned with the official valuation of the property.

The guideline value is essential for both buyers and sellers, as it helps in determining the legal value of the property being transacted. It is important to be aware of the current guideline value to ensure compliance with local regulations during property transactions.

Frequently asked questions

What is the current guideline value of Thamaraikulam Street?

The current guideline value of Thamaraikulam Street is Rs 1,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,100 per sq.ft in 2012 to Rs 737 per sq.ft in 2017, then increased to Rs 1,100 per sq.ft in 2023, and finally to Rs 1,200 per sq.ft in 2024.

What is the land classification for Thamaraikulam Street?

Thamaraikulam Street is classified as Residential Class II Type - II.

Which Sub Registrar Office handles registrations for Thamaraikulam Street?

The Ambattur Sub Registrar Office handles registrations for Thamaraikulam Street, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai.

How is stamp duty calculated for properties in Thamaraikulam Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property with a guideline value of Rs 12,00,000, the stamp duty at 7% would be Rs 84,000.