Guideline Value for Thulukanathaman Nagar

Thulukanathaman Nagar guideline value

The current guideline value of Thulukanathaman Nagar, located in Soorapattu village under the Ambattur SRO, is Rs 2,400 per sq.ft, effective from 1 July 2024. This area is classified as Mixed Special Type - I.

How the guideline value of Thulukanathaman Nagar has changed

In the 2012 revision, the guideline value was set at Rs 2,200 per sq.ft. This figure decreased to Rs 1,474 per sq.ft in the 2017 revision, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly by 49%, reaching Rs 2,200 per sq.ft. The most recent revision in 2024 saw another increase, bringing the guideline value to Rs 2,400 per sq.ft, which is a rise of 9% from the previous year.

The register has no figure for Thulukanathaman Nagar for the years 2002, 2003, and 2007. Overall, comparing the 2012 and 2024 revisions, the guideline value has increased by 9%.

Guideline values in Soorapattu

In Soorapattu village, there are 115 streets under the Ambattur SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 5,100 per sq.ft, with a median value of Rs 1,300 per sq.ft. Thulukanathaman Nagar's 2024 figure of Rs 2,400 per sq.ft is above this median.

• Thulukanathamman Koil Street: Rs 1,700 per sq.ft (2024)
• Thiruvalluvar Street: Rs 1,100 per sq.ft (2024)
• Valluvar Nagar: Rs 1,100 per sq.ft (2024)
• Thangam Nagar: Rs 1,700 per sq.ft (2024)
• Thamaraikulam Street: Rs 1,200 per sq.ft (2024)
• Tanker Street: Rs 1,200 per sq.ft (2024)

Stamp duty and registration fee for property in Thulukanathaman Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,400 per sq.ft, the total guideline value would be Rs 24,00,000. The stamp duty at 7% would amount to Rs 1,68,000, and the registration fee at 2% would be Rs 48,000, bringing the total to Rs 2,16,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thulukanathaman Nagar?

The Sub Registrar Office that covers Thulukanathaman Nagar 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 Soorapattu

The guideline value is a crucial factor during the registration of property transactions in Soorapattu. It serves as a benchmark for determining the stamp duty and registration fees applicable when buying or selling property in the area.

When a property is registered, the guideline value is used to calculate the applicable duties, ensuring that the fees are based on a standardized value set by the authorities. This process helps maintain transparency in property transactions.

Frequently asked questions

What is the current guideline value of Thulukanathaman Nagar?

The current guideline value of Thulukanathaman Nagar is Rs 2,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes: it was Rs 2,200 per sq.ft in 2012, decreased to Rs 1,474 per sq.ft in 2017, increased to Rs 2,200 per sq.ft in 2023, and finally reached Rs 2,400 per sq.ft in 2024.

What is the land classification of Thulukanathaman Nagar?

Thulukanathaman Nagar is classified as Mixed Special Type - I, which indicates its zoning and land use regulations.

Where can I find the Sub Registrar Office for Thulukanathaman Nagar?

The Sub Registrar Office for Thulukanathaman Nagar is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is the stamp duty calculated for properties in Thulukanathaman Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 24,00,000, the stamp duty would be Rs 1,68,000 at 7%.