Guideline Value for Thulakkanathamman Koil Street

Thulakkanathamman Koil Street guideline value

The current guideline value of Thulakkanathamman Koil Street is Rs 100 per sq.ft, effective from 1 July 2024. This street is located in Karasangal village under the Sriperumpudur SRO, classified as Residential Class IV Type - I.

How the guideline value of Thulakkanathamman Koil Street has changed

The guideline value for Thulakkanathamman Koil Street has seen several revisions over the years. The earliest recorded revision was in 2012, setting the value at Rs 100 per sq.ft. In 2017, this value decreased to Rs 67 per sq.ft, marking a decline of 33%. Following this, the 2023 revision returned the value to Rs 100 per sq.ft, and there was no change in the 2024 revision, maintaining the value at Rs 100 per sq.ft.

Between the 2017 and 2023 revisions, there was a significant increase of 49%. Overall, from the 2012 revision to the 2024 revision, the guideline value has remained the same at Rs 100 per sq.ft. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Karasangal

In Karasangal village, there are 59 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 3,550 per sq.ft. The median value for these streets is Rs 402 per sq.ft, indicating that Thulakkanathamman Koil Street's 2024 figure is below this median.

• Theruveethi Amman Koil Street: Rs 100 per sq.ft (2024)
• Tambaram Kanchipuram Road: Rs 900 per sq.ft (2024)
• Vianayaga Nagar: Rs 400 per sq.ft (2024)
• Vinayaka Nagar Extension: Rs 400 per sq.ft (2024)
• Sowntharapandiyan Nagar: Rs 800 per sq.ft (2024)
• Sindhu Nagar: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Thulakkanathamman Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 100 per sq.ft, the total guideline value would be Rs 1,00,000. The stamp duty at 7% would amount to Rs 7,000, and the registration fee at 2% would be Rs 2,000, bringing the total to Rs 9,000. It is essential 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 Thulakkanathamman Koil Street?

The Sub Registrar Office that covers Thulakkanathamman Koil Street is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Karasangal. It is the basis for calculating the stamp duty and registration fees that buyers and sellers must pay when completing a property transaction.

When a property is bought or sold, the guideline value is considered to ensure that the transaction is recorded at a fair value. This helps maintain transparency and accountability in property dealings within the region.

Frequently asked questions

What is the current guideline value of Thulakkanathamman Koil Street?

The current guideline value of Thulakkanathamman Koil Street is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Thulakkanathamman Koil Street has changed from Rs 100 per sq.ft in 2012 to Rs 67 per sq.ft in 2017, then back to Rs 100 per sq.ft in 2023 and 2024. There was a 49% increase from 2017 to 2023.

What is the median guideline value for streets in Karasangal?

The median guideline value for the 59 streets in Karasangal under the Sriperumpudur SRO is Rs 402 per sq.ft. Thulakkanathamman Koil Street's value is below this median.

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

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 1,00,000, the total fees would amount to Rs 9,000.

Where can I find the Sub Registrar Office for Thulakkanathamman Koil Street?

The Sub Registrar Office for Thulakkanathamman Koil Street is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.