Guideline Value for Tholkappiyar 1st cross Street

Tholkappiyar 1st cross Street guideline value

The current guideline value of Tholkappiyar 1st cross Street is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Peerklankaranai village and falls under the Tambaram Joint 1 SRO. The land classification for this area is Residential Class I Type - III.

How the guideline value of Tholkappiyar 1st cross Street has changed

The guideline value for Tholkappiyar 1st cross Street has seen several revisions over the years. The earliest available figure is from 2012, where the value was Rs 1,200 per sq.ft. This was followed by a decrease to Rs 804 per sq.ft in 2017. The value then increased significantly to Rs 1,200 per sq.ft in 2023, and currently stands at Rs 1,320 per sq.ft as of the 2024 revision.

From 2017 to 2023, the guideline value increased by 49%. The change from 2023 to 2024 reflects a 10% increase. Overall, from 2012 to 2024, the guideline value has increased by 10%. It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

Guideline values in Peerklankaranai

In Peerklankaranai, there are 322 streets under the Tambaram Joint 1 SRO with a 2024 guideline value ranging from Rs 880 to Rs 4,400 per sq.ft. The median guideline value for these streets is Rs 1,650 per sq.ft, making the current value of Tholkappiyar 1st cross Street below that median.

• Tholkappiyar Street: Rs 1,320 per sq.ft (2024)
• T.K.Chidambaranar St: Rs 1,320 per sq.ft (2024)
• T.K. Chidambaranathan Street Extension: Rs 1,320 per sq.ft (2024)
• Thiruvalluvar Street: Rs 1,980 per sq.ft (2024)
• T.T.K. Nagar 1rd cross Road: Rs 2,750 per sq.ft (2024)
• T.T.K.Nagar 1st Main Road: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Tholkappiyar 1st cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value would be Rs 13,20,000. The stamp duty, charged at 7%, would amount to Rs 92,400, while the registration fee at 2% would be Rs 26,400. Therefore, the total cost for stamp duty and registration fees would be Rs 1,18,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Tholkappiyar 1st cross Street?

The Tholkappiyar 1st cross Street is covered by the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, 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 Peerklankaranai

The guideline value is a crucial factor during the registration of property transactions in Peerklankaranai. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring that the government receives due revenue from property transactions.

When buying or selling property, the guideline value helps in establishing a fair price for the transaction. It is essential for both buyers and sellers to be aware of the current guideline value to ensure compliance with registration requirements and to avoid any legal issues.

Frequently asked questions

What is the current guideline value of Tholkappiyar 1st cross Street?

The current guideline value of Tholkappiyar 1st cross Street is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, with the most recent increase of 10% from Rs 1,200 per sq.ft in 2023 to Rs 1,320 per sq.ft in 2024. Overall, from 2012 to 2024, the guideline value has increased by 10%.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is charged at 7% of the guideline value, while the registration fee is 2%. For a property worth Rs 13,20,000, the total stamp duty and registration fees would amount to Rs 1,18,800.

Which Sub Registrar Office covers Tholkappiyar 1st cross Street?

The Tambaram Joint 1 Sub Registrar Office covers Tholkappiyar 1st cross Street, located at No.26, Mes Road, East Tambaram, Chennai-600059.

What is the land classification for Tholkappiyar 1st cross Street?

The land classification for Tholkappiyar 1st cross Street is Residential Class I Type - III, indicating its suitability for residential development.