Guideline Value for Thulukanathaman Koil Road

Thulukanathaman Koil Road guideline value

The current guideline value of Thulukanathaman Koil Road is Rs 440 per sq.ft. This road 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 Road has changed

The guideline value for Thulukanathaman Koil Road has undergone several revisions over the years. The 2012 revision set the value at Rs 400 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 268 per sq.ft. Subsequently, the value increased significantly to Rs 400 per sq.ft in 2023, and then to Rs 440 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

In terms of percentage changes, the guideline value rose by 49% from Rs 268 per sq.ft in 2017 to Rs 400 per sq.ft in 2023. However, there was a decline of 33% from the 2012 figure of Rs 400 per sq.ft to the 2017 figure. Overall, from 2012 to 2024, the guideline value has seen a slight increase of 10%.

Guideline values in Vengambakkam

In Vengambakkam, there are 88 streets under the Tambaram Joint 1 SRO that have a 2024 guideline value, ranging from Rs 440 to Rs 5,000 per sq.ft. The median guideline value in the area is Rs 770 per sq.ft, placing Thulukanathaman Koil Road's 2024 figure below this median.

• Thulukanathaman Koil Cross Street: 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 Road

For a 1,000 sq.ft plot at the current guideline value of Rs 440 per sq.ft, the total guideline value amounts to Rs 4,40,000. The stamp duty, charged at 7%, would be Rs 30,800, and the registration fee at 2% would be Rs 8,800, bringing the total to Rs 39,600. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thulukanathaman Koil Road?

The Sub Registrar Office that covers Thulukanathaman Koil Road 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 more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Vengambakkam. It serves as a benchmark for determining the official value of the property, which is essential for calculating stamp duty and registration fees.

When a property transaction occurs, the guideline value is referenced to ensure that the appropriate taxes are levied. Buyers and sellers should be aware that the guideline value may differ from the actual sale price, and the higher of the two will be used for duty calculations.

Frequently asked questions

What is the current guideline value of Thulukanathaman Koil Road?

The current guideline value of Thulukanathaman Koil Road 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 land classification of Thulukanathaman Koil Road?

The land classification for Thulukanathaman Koil Road is Residential Class I Type - III.

What is the median guideline value in Vengambakkam?

The median guideline value in Vengambakkam is Rs 770 per sq.ft, which is higher than the current value of Thulukanathaman Koil Road.

Where is the Sub Registrar Office for Thulukanathaman Koil Road located?

The Sub Registrar Office for Thulukanathaman Koil Road is located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone.