Guideline Value for Thulakanathamman Koil Lane

Thulakanathamman Koil Lane guideline value

The current guideline value of Thulakanathamman Koil Lane is Rs 1,900 per sq.ft, effective from 1 July 2024. This lane is located in Siruvallur village, under the Sembiam SRO, and is classified as Residential Class III Type - I.

How the guideline value of Thulakanathamman Koil Lane has changed

The guideline value for Thulakanathamman Koil Lane has seen several revisions over the years. In 2007, the value was Rs 800 per sq.ft, which increased significantly to Rs 1,800 per sq.ft in 2012. However, it then decreased to Rs 1,206 per sq.ft in 2017. The value rose again to Rs 1,800 per sq.ft in 2023, before reaching the current rate of Rs 1,900 per sq.ft in 2024.

From 2017 to 2023, the guideline value increased by 49%. The jump from 2023 to 2024 reflects a 6% rise. Overall, from 2007 to 2024, the guideline value has increased by 138%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Siruvallur

In Siruvallur, there are 86 streets under the Sembiam SRO that have a guideline value for 2024, ranging from Rs 1,600 to Rs 6,600 per sq.ft. The median value is Rs 1,900 per sq.ft, which matches the guideline value of Thulakanathamman Koil Lane.

• Thulakanathamman Koil Street: Rs 1,900 per sq.ft (2024)
• Thimmasamy Dharka 2nd Street: Rs 2,200 per sq.ft (2024)
• Thimmasamy Dharka 1st Street: Rs 2,200 per sq.ft (2024)
• Vanchinathan 1st Lane: Rs 1,600 per sq.ft (2024)
• Vanchinathan 1st Street: Rs 1,900 per sq.ft (2024)
• Vanchinathan 2nd Lane: Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in Thulakanathamman Koil Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 1,900 per sq.ft, the total guideline value would be Rs 19,00,000. The stamp duty at 7% would amount to Rs 1,33,000, and the registration fee at 2% would be Rs 38,000, totaling Rs 1,71,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for further assistance.

Which Sub Registrar Office covers Thulakanathamman Koil Lane?

The Sub Registrar Office that covers Thulakanathamman Koil Lane is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Siruvallur. It serves as a benchmark for determining the stamp duty and registration fees that are applicable based on the property's value.

When a property is sold, the buyer and seller must consider the guideline value to ensure that the transaction complies with local regulations. The stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Thulakanathamman Koil Lane?

The current guideline value of Thulakanathamman Koil Lane is Rs 1,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2007 to Rs 1,900 per sq.ft in 2024, reflecting an overall increase of 138% over the years.

What is the registration office for Thulakanathamman Koil Lane?

The registration office for Thulakanathamman Koil Lane is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011.

What are the stamp duty and registration fees for properties in Thulakanathamman Koil Lane?

The stamp duty is 7% of the guideline value, while the registration fee is 2%. For a property valued at Rs 19,00,000, the total fees would amount to Rs 1,71,000.

Where can I find more information about the guideline values in Siruvallur?

More information about the guideline values in Siruvallur can be found in the registration department's guideline value register (TNReginet), which provides detailed figures for various streets in the area.