Guideline Value for Thulukanathaman Koil Cross Street

Thulukanathaman Koil Cross Street guideline value

The current guideline value of Thulukanathaman Koil Cross Street is Rs 440 per sq.ft, effective from 1 July 2024. This street is located in Vengambakkam village and falls under the Tambaram Joint 1 SRO. The land classification for this area is Residential Class I Type - III.

How the guideline value of Thulukanathaman Koil Cross Street has changed

Looking at the historical revisions, the guideline value for Thulukanathaman Koil Cross Street has seen several changes. The 2012 revision set the value at Rs 400 per sq.ft, which then dropped to Rs 268 per sq.ft in the 2017 revision. However, from 2017 to 2023, the value increased significantly to Rs 400 per sq.ft, and the most recent revision in 2024 raised it further to Rs 440 per sq.ft. The register has no figures for the years 2002, 2003, and 2007 for this street.

In terms of percentage changes, the guideline value increased by 49% from 2017 to 2023, and by 10% from 2023 to 2024. Overall, comparing the 2012 and 2024 revisions, there has been a 10% increase in the guideline value.

Guideline values in Vengambakkam

In Vengambakkam, there are 88 streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value, ranging from Rs 440 to Rs 5,000 per sq.ft. The median value for these streets is Rs 770 per sq.ft, making Thulukanathaman Koil Cross Street's 2024 figure below that median.

• Thulukanathaman Koil Road: Rs 440 per sq.ft (2024)
• Thulukanathaman Koil Street: Rs 440 per sq.ft (2024)
• Thoppu Street: Rs 440 per sq.ft (2024)
• Thiruvenkadapuram: Rs 1,100 per sq.ft (2024)
• Thiruvengadapuram Second Cross Street: Rs 990 per sq.ft (2024)
• Thiruvengadapuram Extension II: Rs 990 per sq.ft (2024)

Stamp duty and registration fee for property in Thulukanathaman Koil Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 440 per sq.ft, the total guideline value would be Rs 4,40,000. The stamp duty at 7% would amount to Rs 30,800, and the registration fee at 2% would be Rs 8,800, making the total cost for these fees Rs 39,600. 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 more details.

Which Sub Registrar Office covers Thulukanathaman Koil Cross Street?

The Sub Registrar Office that covers Thulukanathaman Koil Cross Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in property transactions in Vengambakkam. It serves as the benchmark for determining the minimum value on which stamp duty and registration fees are calculated. Buyers and sellers must consider the guideline value to ensure compliance with local regulations during property registration.

When purchasing a property, the guideline value helps establish a fair transaction price for both parties. It is essential to refer to the latest guideline values to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Thulukanathaman Koil Cross Street?

The current guideline value of Thulukanathaman Koil Cross Street is Rs 440 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2012 to Rs 268 per sq.ft in 2017, then increased to Rs 400 per sq.ft in 2023, and finally to Rs 440 per sq.ft in 2024.

What is the median guideline value in Vengambakkam?

The median guideline value in Vengambakkam for the year 2024 is Rs 770 per sq.ft, while Thulukanathaman Koil Cross Street's value is below this median.

What are the stamp duty rates applicable?

The stamp duty for property transactions in Thulukanathaman Koil Cross Street is charged at 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Thulukanathaman Koil Cross Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059.