Guideline Value for Thuluganathamman Kovil Street

Thuluganathamman Kovil Street guideline value

The current guideline value of Thuluganathamman Kovil Street is Rs 1,800 per sq.ft, effective from 1 July 2024. This street is located in Oragadam village under the Ambattur SRO, classified as Residential Class I Type - II.

How the guideline value of Thuluganathamman Kovil Street has changed

The guideline value for Thuluganathamman Kovil Street has undergone several revisions over the years. In 2002, the guideline value was Rs 87 per sq.ft, which increased to Rs 110 per sq.ft in 2003, marking a 26% rise. The value saw a significant jump to Rs 300 per sq.ft in 2007, representing a 173% increase. In 2012, the guideline value was Rs 1,700 per sq.ft, reflecting a 467% increase from the previous revision. However, it decreased to Rs 1,139 per sq.ft in 2017, showing a drop of 33%. The value then increased to Rs 1,700 per sq.ft in 2023, followed by a further rise to the current value of Rs 1,800 per sq.ft in 2024, which is a 6% increase.

There are no figures available for the revisions in years not listed, and thus we only consider the years 2002, 2003, 2007, 2012, 2017, 2023, and 2024 for this street.

Guideline values in Oragadam

In Oragadam, there are 596 streets under the Ambattur SRO that carry a guideline value for 2024, ranging from Rs 1,100 to Rs 3,500 per sq.ft. The median guideline value for these streets is Rs 2,200 per sq.ft, placing Thuluganathamman Kovil Street's 2024 figure below that median.

• Thulasi Street: Rs 1,600 per sq.ft (2024)
• Thomas Street (Pudur): Rs 1,900 per sq.ft (2024)
• Thomas Street (A.K.A. Nagar): Rs 1,400 per sq.ft (2024)
• Thiru.V.Ka.Street (Venkateswara Nagar): Rs 1,600 per sq.ft (2024)
• Thiru.V.Ka.Street (Gandhi Nagar): Rs 1,800 per sq.ft (2024)
• Thiruvengadam Street (Gandhi Nagar): Rs 1,800 per sq.ft (2024)

Stamp duty and registration fee for property in Thuluganathamman Kovil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,800 per sq.ft, the total guideline value amounts to Rs 18,00,000. The stamp duty at 7% would be Rs 1,26,000, and the registration fee at 2% would be Rs 36,000, bringing the total to Rs 1,62,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thuluganathamman Kovil Street?

The Sub Registrar Office that covers Thuluganathamman Kovil Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in property transactions in Oragadam, as it serves as the basis for calculating stamp duty and registration fees. When a property is bought or sold, the guideline value is considered to ensure that the appropriate taxes are levied based on the official valuation of the property.

Frequently asked questions

What is the current guideline value of Thuluganathamman Kovil Street?

The current guideline value of Thuluganathamman Kovil Street is Rs 1,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 87 per sq.ft in 2002 to Rs 1,800 per sq.ft in 2024, reflecting an overall increase of 1969% over the years.

What is the land classification of Thuluganathamman Kovil Street?

Thuluganathamman Kovil Street is classified as Residential Class I Type - II under the Ambattur SRO.

What are the stamp duty rates for properties in Thuluganathamman Kovil Street?

The stamp duty for properties in Thuluganathamman Kovil Street is charged at a rate of 7% on the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Thuluganathamman Kovil Street located?

The Sub Registrar Office for Thuluganathamman Kovil Street is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.