Guideline Value for Thulukanathaman Koil Street

Thulukanathaman Koil Street guideline value

The current guideline value of Thulukanathaman Koil Street is Rs 440 per sq.ft, effective from 1 July 2024. This street is located in Vengambakkam village under the Tambaram Joint 1 SRO, classified as Residential Class I Type - III.

How the guideline value of Thulukanathaman Koil Street has changed

The guideline value for Thulukanathaman Koil Street has undergone several revisions over the years. The earliest recorded figure is from 2012, which was Rs 400 per sq.ft. This was followed by a decrease to Rs 268 per sq.ft in 2017. The 2023 revision saw an increase to Rs 400 per sq.ft, and the latest revision in 2024 has set the value at Rs 440 per sq.ft, marking a 10% increase from 2023. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Between the revisions, the changes were significant. From 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the value increased by 49%. It is important to note that there are no figures recorded for the years 2002, 2003, and 2007 for this street.

Guideline values in Vengambakkam

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

• Thulukanathaman Koil Road: Rs 440 per sq.ft (2024)
• Thulukanathaman Koil Cross 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 Street

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 at 7% would be Rs 30,800, and the registration fee at 2% would be Rs 8,800, bringing the total cost of duty and fees to Rs 39,600. It is important to note that duty is charged on the higher of the guideline value and the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thulukanathaman Koil Street?

The Sub Registrar Office that covers Thulukanathaman Koil 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 more details.

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

The guideline value is an essential factor when buying or selling property in Vengambakkam. It determines the minimum value at which property transactions are registered and is used to calculate stamp duty and registration fees. Buyers and sellers must be aware of this value to ensure compliance with local regulations during property transactions.

When registering a property, the guideline value helps establish a fair basis for taxation and ensures that the government receives appropriate revenue. It is crucial for both parties to understand the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Thulukanathaman Koil Street?

The current guideline value of Thulukanathaman Koil 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 back to Rs 400 per sq.ft in 2023, and finally to Rs 440 per sq.ft in 2024.

What is the land classification for Thulukanathaman Koil Street?

Thulukanathaman Koil Street is classified as Residential Class I Type - III.

Where can I find the registration office for this street?

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

How is the stamp duty calculated on property in Thulukanathaman Koil Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at the current rate, the stamp duty would be Rs 30,800.