Guideline Value for Thatko Colony

Thatko Colony guideline value

The current guideline value of Thatko Colony in Thirumanikuppam village is Rs 130 per sq.ft, effective from the 2024 revision. This area falls under the Sunguvarchattram SRO and is classified as Residential Class II Type - I.

How the guideline value of Thatko Colony has changed

The guideline value for Thatko Colony has seen several revisions over the years. The earliest figure available is from 2012, which was Rs 125 per sq.ft. This was followed by a decrease to Rs 84 per sq.ft in 2017, reflecting a -33% change. In 2023, the value increased to Rs 126 per sq.ft, marking a 50% rise from the 2017 figure. The most recent revision in 2024 set the guideline value at Rs 130 per sq.ft, a 3% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Thirumanikuppam

In Thirumanikuppam, there are 15 streets under the Sunguvarchattram SRO that carry a 2024 guideline value ranging from Rs 130 to Rs 200 per sq.ft, with a median value of Rs 181 per sq.ft. The guideline value for Thatko Colony is below this median.

• Vasinampattu Colony: Rs 130 per sq.ft (2024)
• SriLakshmi Nagar: Rs 200 per sq.ft (2024)
• Sri Jayalakshmi nagar: Rs 200 per sq.ft (2024)
• Sri Balaji Nagar: Rs 200 per sq.ft (2024)
• Sri Annai Parasakthi Avenue: Rs 200 per sq.ft (2024)
• Vinayagar Kovil Street: Rs 181 per sq.ft (2024)

Stamp duty and registration fee for property in Thatko Colony

For a 1,000 sq.ft plot at the current guideline value of Rs 130 per sq.ft, the total guideline value amounts to Rs 1,30,000. The stamp duty at 7% would be Rs 9,100, and the registration fee at 2% would be Rs 2,600, bringing the total fees to Rs 11,700. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thatko Colony?

The Sub Registrar Office that covers Thatko Colony is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Thirumanikuppam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue based on the value of the property being transferred.

Frequently asked questions

What is the current guideline value of Thatko Colony?

The current guideline value of Thatko Colony is Rs 130 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 125 per sq.ft in 2012 to Rs 84 per sq.ft in 2017, then increased to Rs 126 per sq.ft in 2023, and finally to Rs 130 per sq.ft in 2024.

What is the land classification for Thatko Colony?

Thatko Colony is classified as Residential Class II Type - I, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Thatko Colony?

The Sub Registrar Office covering Thatko Colony is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Thatko Colony?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a 1,000 sq.ft plot at the current guideline value would incur a stamp duty of Rs 9,100.