Guideline Value for Tholkappiyam Street

Tholkappiyam Street guideline value

The current guideline value of Tholkappiyam Street in Nemilicherry village is Rs 2,160 per sq.ft, effective from 1 July 2024. This street falls under the Pallavaram SRO and is classified as Residential Class II Type - I.

How the guideline value of Tholkappiyam Street has changed

The guideline value for Tholkappiyam Street has seen several revisions over the years. In 2007, the value was Rs 300 per sq.ft, which increased significantly to Rs 2,000 per sq.ft in 2012, marking a rise of 567%. However, it dropped to Rs 1,340 per sq.ft in 2017, reflecting a decrease of 33%. The value then increased to Rs 2,000 per sq.ft in 2023, and the latest revision in 2024 set it at Rs 2,160 per sq.ft, an increase of 8% from the previous year.

There are no figures available for the revisions in 2002 and 2003 for Tholkappiyam Street. Overall, from 2007 to 2024, the guideline value has increased by 620%.

Guideline values in Nemilicherry

In Nemilicherry, there are 172 streets under the Pallavaram SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 3,300 per sq.ft. The median value is Rs 2,160 per sq.ft, which is also the guideline value for Tholkappiyam Street. Below are other streets in Nemilicherry with their respective guideline values:

• Thiruvalluvar Street: Rs 2,160 per sq.ft (2024)
• Thirukkural Street: Rs 2,160 per sq.ft (2024)
• Valluvar High Road: Rs 2,200 per sq.ft (2024)
• Vanchinathan Street: Rs 2,160 per sq.ft (2024)
• Teacher Colony: Rs 2,200 per sq.ft (2024)
• Veerasidhi Vinayaga Koil Street: Rs 2,420 per sq.ft (2024)

Stamp duty and registration fee for property in Tholkappiyam Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,160 per sq.ft, the total guideline value amounts to Rs 21,60,000. The stamp duty at 7% would be Rs 1,51,200, while the registration fee at 2% would be Rs 43,200, bringing the total fees together to Rs 1,94,400. It is important to note that the 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 detailed calculations.

Which Sub Registrar Office covers Tholkappiyam Street?

The Sub Registrar Office that covers Tholkappiyam Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Nemilicherry. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees applicable to the transaction.

It is essential for both buyers and sellers to be aware of the current guideline value, as it directly impacts the costs associated with property registration. This ensures that all parties are informed about the financial obligations involved in the transaction.

Frequently asked questions

What is the current guideline value of Tholkappiyam Street?

The current guideline value of Tholkappiyam Street is Rs 2,160 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2007 to Rs 2,160 per sq.ft in 2024, showing an overall increase of 620% over the years.

What is the land classification of Tholkappiyam Street?

Tholkappiyam Street is classified as Residential Class II Type - I.

Where can I find the registration office for Tholkappiyam Street?

The registration office for Tholkappiyam Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

How is the stamp duty calculated for properties in Tholkappiyam Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 21,60,000, the stamp duty at 7% would be Rs 1,51,200.