Guideline Value for Thulukanathamman Koil Street

Thulukanathamman Koil Street guideline value

The current guideline value of Thulukanathamman Koil Street is Rs 2,860 per sq.ft, effective from 1 July 2024. This street is located in Mogalivakkam village under the Kunrathur SRO, and the land classification is Residential Special Type - II.

How the guideline value of Thulukanathamman Koil Street has changed

The guideline value for Thulukanathamman Koil Street has seen several revisions over the years. In 2007, the guideline value was Rs 600 per sq.ft, which increased significantly to Rs 2,600 per sq.ft in 2012, marking a rise of 333%. However, by 2017, the value dropped to Rs 1,742 per sq.ft, reflecting a decrease of 33%. The value then rose again to Rs 2,600 per sq.ft in 2023, a substantial increase of 49% from the previous revision.

The most recent revision in 2024 set the guideline value at Rs 2,860 per sq.ft, which is a 10% increase from the 2023 figure. Overall, from 2007 to 2024, the guideline value has increased by 377%. It is important to note that the register has no figures for the years 2002 and 2003 for this street.

Guideline values in Mogalivakkam

In Mogalivakkam, there are 98 streets under the Kunrathur SRO, with guideline values ranging from Rs 2,530 to Rs 6,600 per sq.ft as of 2024. The median guideline value for these streets is Rs 2,970 per sq.ft, placing Thulukanathamman Koil Street's 2024 figure below that median.

• T.V.Nagar: Rs 2,970 per sq.ft (2024)
• T.V.Nagar Extension: Rs 2,970 per sq.ft (2024)
• Udhayam Avenue: Rs 2,860 per sq.ft (2024)
• Thiruvalluvar Nagar: Rs 2,860 per sq.ft (2024)
• Thillai Nathamuni Avenue: Rs 2,860 per sq.ft (2024)
• Thillai Natarajan Avenue: Rs 2,860 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 2,860 per sq.ft, the total guideline value would be Rs 28,60,000. The stamp duty at 7% would be Rs 2,00,200, and the registration fee at 2% would be Rs 57,200, bringing the total cost for stamp duty and registration to Rs 2,57,400. Duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thulukanathamman Koil Street?

The Sub Registrar Office that covers Thulukanathamman Koil Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value is an important factor when buying or selling property in Mogalivakkam. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When registering a property, the stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Thulukanathamman Koil Street?

The current guideline value of Thulukanathamman Koil Street is Rs 2,860 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly over the years, increasing from Rs 600 per sq.ft in 2007 to Rs 2,860 per sq.ft in 2024, reflecting an overall increase of 377%.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 28,60,000, the stamp duty would be Rs 2,00,200 and the registration fee would be Rs 57,200, totaling Rs 2,57,400.

Which Sub Registrar Office is responsible for Thulukanathamman Koil Street?

The Kunrathur Sub Registrar Office is responsible for Thulukanathamman Koil Street, located at No.59, Road Street, Kundrathur, Chennai -600 069.

What is the land classification for Thulukanathamman Koil Street?

The land classification for Thulukanathamman Koil Street is Residential Special Type - II.