Guideline Value for Thulukanam Street

Thulukanam Street guideline value

The current guideline value of Thulukanam Street in Menambedu village under the Ambattur SRO is Rs 1,700 per sq.ft, effective from 1 July 2024. This street is classified as Residential Special Type - I.

How the guideline value of Thulukanam Street has changed

The guideline value for Thulukanam Street has undergone several revisions over the years. In 2012, the guideline value was Rs 1,600 per sq.ft. This value decreased significantly to Rs 1,072 per sq.ft in 2017, marking a drop of 33%. However, from 2017 to 2023, the value saw a substantial increase to Rs 1,600 per sq.ft, representing a 49% rise. The most recent revision in 2024 set the guideline value at Rs 1,700 per sq.ft, which is a 6% increase from the previous year.

It is important to note that the register has no figures for Thulukanam Street for the years 2002, 2003, and 2007.

Guideline values in Menambedu

In Menambedu, there are 171 streets under the Ambattur SRO, with guideline values ranging from Rs 1,000 to Rs 6,680 per sq.ft. The median guideline value for these streets is Rs 1,003 per sq.ft, placing Thulukanam Street's 2024 figure above this median.

• Thulasi Street: Rs 1,700 per sq.ft (2024)
• T.N.E.B. Colony: Rs 1,700 per sq.ft (2024)
• Thiyagarajar Nagar: Rs 1,002 per sq.ft (2024)
• Thiruvalluvar Street: Rs 1,001 per sq.ft (2024)
• T.T.P Colony: Rs 1,300 per sq.ft (2024)
• Uthra Nagar: Rs 1,002 per sq.ft (2024)

Stamp duty and registration fee for property in Thulukanam Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,700 per sq.ft, the total guideline value amounts to Rs 17,00,000. The stamp duty at 7% would be Rs 1,19,000, and the registration fee at 2% would be Rs 34,000, totaling Rs 1,53,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thulukanam Street?

The Sub Registrar Office that covers Thulukanam 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 Menambedu

The guideline value is a crucial factor during the registration of property transactions in Menambedu. It serves as a basis for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, the guideline value helps determine the minimum price at which a property can be registered. Buyers should be aware that the registration office will use this value to assess the applicable fees, which can impact the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Thulukanam Street?

The current guideline value of Thulukanam Street is Rs 1,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,600 per sq.ft in 2012 to Rs 1,072 per sq.ft in 2017, then increased to Rs 1,600 per sq.ft in 2023, and finally to Rs 1,700 per sq.ft in 2024.

What are the stamp duty and registration fees for properties in Thulukanam Street?

For a property valued at Rs 17,00,000, the stamp duty would be Rs 1,19,000 and the registration fee would be Rs 34,000, totaling Rs 1,53,000.

Which Sub Registrar Office is responsible for Thulukanam Street?

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

What is the land classification of Thulukanam Street?

Thulukanam Street is classified as Residential Special Type - I under the guideline value register.