Guideline Value for Tholkappiar Street

Tholkappiar Street guideline value

The current guideline value of Tholkappiar Street is Rs 1,200 per sq.ft, as per the 2023 revision. This street falls under the Gooduvancheri SRO and is classified as Residential Class I Type - I.

How the guideline value of Tholkappiar Street has changed

Tholkappiar Street has seen several changes in its guideline value over the years. The 2007 revision set the value at Rs 550 per sq.ft, which increased significantly to Rs 1,200 per sq.ft in the 2012 revision, marking an increase of 118%. However, in the 2017 revision, the value dropped to Rs 804 per sq.ft, a decrease of 33%. The most recent revision in 2023 brought the value back up to Rs 1,200 per sq.ft, representing a 49% increase from the 2017 figure.

Overall, from the 2007 revision to the 2023 revision, the guideline value has increased by 118%. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2024 for this street.

Guideline values in Vandalur

Currently, there are no specific village figures available for Vandalur. Tholkappiar Street is part of the residential landscape in this area. Unfortunately, there are no other streets in Vandalur listed under the Gooduvancheri SRO.

Stamp duty and registration fee for property in Tholkappiar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,200 per sq.ft, the total guideline value amounts to Rs 12,00,000. The stamp duty at 7% would be Rs 84,000, and the registration fee at 2% would be Rs 24,000, bringing the total fees together to Rs 1,08,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Tholkappiar Street?

The Sub Registrar Office that covers Tholkappiar Street is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Vandalur, as it determines the minimum value at which property transactions can be registered. Buyers and sellers should be aware that the guideline value is used to calculate stamp duty and registration fees, which are mandatory during the registration process.

When a property is sold, the guideline value or the sale price, whichever is higher, is considered for calculating these fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Tholkappiar Street?

The current guideline value of Tholkappiar Street is Rs 1,200 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

Since 2007, the guideline value has changed from Rs 550 per sq.ft to Rs 1,200 per sq.ft in 2012, dropped to Rs 804 per sq.ft in 2017, and returned to Rs 1,200 per sq.ft in 2023.

What is the stamp duty rate for property in Tholkappiar Street?

The stamp duty rate for property in Tholkappiar Street is 7% of the guideline value or sale price, whichever is higher.

Where is the Gooduvancheri Sub Registrar Office located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

Are there any other streets in Vandalur under the Gooduvancheri SRO?

Currently, there are no other streets in Vandalur listed under the Gooduvancheri SRO.