Guideline Value for Thulugathamman Kovil Street

Thulugathamman Kovil Street guideline value

The current guideline value for Thulugathamman Kovil Street is Rs 1,600 per sq.ft, effective from 1 July 2024. This street is located in 5. Athipattu village under the Konnur SRO and is classified as Residential Class II Type - I.

How the guideline value of Thulugathamman Kovil Street has changed

In the 2017 revision, the guideline value was Rs 1,005 per sq.ft. This figure increased to Rs 1,500 per sq.ft in the 2023 revision, marking a significant rise of 49%. The latest revision in 2024 set the guideline value at Rs 1,600 per sq.ft, reflecting a 7% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 59%. The register does not contain figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in 5. Athipattu

In 5. Athipattu, there are 119 streets under the Konnur SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 7,650 per sq.ft. The median guideline value in this area is Rs 2,200 per sq.ft, making the current figure for Thulugathamman Kovil Street below that median.

• Thulasi Street: Rs 2,200 per sq.ft (2024)
• Thiruvalluvar Street (Chelliamman Nagar): Rs 2,200 per sq.ft (2024)
• Thiruvalluvar Street: Rs 3,600 per sq.ft (2024)
• T.T. Mathew 1st Cross Street: Rs 3,600 per sq.ft (2024)
• T.T.Mathew Avenue: Rs 3,601 per sq.ft (2024)
• T.T. Mathew Street: Rs 3,600 per sq.ft (2024)

Stamp duty and registration fee for property in Thulugathamman Kovil Street

For a 1,000 sq.ft plot at the current rate of Rs 1,600 per sq.ft, the guideline value amounts to Rs 16,00,000. The stamp duty at 7% would be Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, totaling Rs 1,44,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thulugathamman Kovil Street?

The Sub Registrar Office that covers Thulugathamman Kovil Street is the Konnur Sub Registrar Office, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. You can find your SRO for more information.

How the guideline value is used when you buy or sell in 5. Athipattu

The guideline value is a crucial factor in property transactions, as it determines the minimum value at which a property can be registered. When buying or selling property in 5. Athipattu, the guideline value will influence the stamp duty and registration fees applicable to the transaction.

It is important for buyers and sellers to be aware of the current guideline value to ensure compliance with registration requirements. This value is set by the Registration Department and is updated periodically to reflect changes in the real estate market.

Frequently asked questions

What is the current guideline value for Thulugathamman Kovil Street?

The current guideline value for Thulugathamman Kovil Street is Rs 1,600 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased by 59% overall. From 2023 to 2024, it increased by 7%, and from 2017 to 2023, it rose by 49%.

What is the land classification for Thulugathamman Kovil Street?

Thulugathamman Kovil Street is classified as Residential Class II Type - I.

Where can I find more information about the Konnur SRO?

The Konnur Sub Registrar Office is located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. You can find more information by visiting the official site.

How are stamp duty and registration fees calculated?

Stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, while the registration fee is charged at 2%. For example, for a property valued at Rs 16,00,000, the total fees would amount to Rs 1,44,000.