Guideline Value for Thulukanathamman Koil Street

Thulukanathamman Koil Street guideline value

The current guideline value of Thulukanathamman Koil Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Zaminpallavaram village, under the Pallavaram SRO, and is classified as Residential Class I Type - III.

How the guideline value of Thulukanathamman Koil Street has changed

The guideline value for Thulukanathamman Koil Street has seen several revisions over the years. The earliest recorded revision is from 2003, where the value was Rs 351 per sq.ft. This increased to Rs 600 per sq.ft in 2007, marking a significant rise of 71%. The value remained unchanged at Rs 600 per sq.ft until the next revision in 2012, which brought it to Rs 2,000 per sq.ft, a remarkable increase of 233%. This value remained stable until the 2023 revision, where it was again Rs 2,000 per sq.ft.

In 2024, the guideline value was revised to Rs 2,200 per sq.ft, reflecting a 10% increase from the previous year. Overall, from 2003 to 2024, the guideline value has increased by 527%. Notably, there are no figures available for the years 2017 and 2002 in the register for this street.

Guideline values in Zaminpallavaram

Zaminpallavaram has a total of 638 streets under the Pallavaram SRO, with guideline values ranging from Rs 2,100 to Rs 11,000 per sq.ft in 2024. The median value for these streets is Rs 3,300 per sq.ft, placing Thulukanathamman Koil Street's current value below this median.

• Thulukanathamman Street Extn.: Rs 2,200 per sq.ft (2024)
• Thulukananthamman Koil Cross Street: Rs 2,200 per sq.ft (2024)
• Thulukananthamman Koil 1 To 5 Cross Streets: Rs 2,200 per sq.ft (2024)
• Tirumurugan Nagar 1st Street: Rs 2,160 per sq.ft (2024)
• Thiru.Vi.Ka. Street: Rs 3,300 per sq.ft (2024)
• T.S. Lakshmanan 1st Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Thulukanathamman Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, making the total charges Rs 1,98,000. 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 detailed calculations.

Which Sub Registrar Office covers Thulukanathamman Koil Street?

The Sub Registrar Office that covers Thulukanathamman Koil Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, 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 Zaminpallavaram

The guideline value plays a crucial role in property transactions in Zaminpallavaram. It serves as the benchmark for calculating stamp duty and registration fees when buying or selling property. Buyers and sellers must consider this value to ensure compliance with local regulations and to accurately assess the costs involved in the transaction.

When a property is registered, the guideline value is used to determine the applicable fees, which are calculated based on either the guideline value or the sale price, whichever is higher. This ensures that the government receives due revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Thulukanathamman Koil Street?

The current guideline value of Thulukanathamman Koil Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, with the most recent increase being from Rs 2,000 per sq.ft in 2023 to Rs 2,200 per sq.ft in 2024. Overall, the value has increased by 527% from Rs 351 per sq.ft in 2003 to the current figure.

What is the land classification for Thulukanathamman Koil Street?

Thulukanathamman Koil Street is classified as Residential Class I Type - III, which indicates its designation for residential use within the area.

What are the registration fees for property transactions?

The registration fees include a stamp duty of 7% and a registration fee of 2% based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current rate would incur total charges of Rs 1,98,000.

Where can I find the Sub Registrar Office for Thulukanathamman Koil Street?

The Sub Registrar Office for Thulukanathamman Koil Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044. You can find more details through the provided link.