Guideline Value for Thulukanathamman Koil Street

Thulukanathamman Koil Street guideline value

The current guideline value of Thulukanathamman Koil Street is Rs 830 per sq.ft, effective from 1 July 2024. This street is located in Padappai village, under the Padappai SRO, and is classified as Residential Class III Type - I.

How the guideline value of Thulukanathamman Koil Street has changed

The guideline value for Thulukanathamman Koil Street has undergone several revisions over the years. The earliest recorded figure is from 2007, when it was Rs 50 per sq.ft. This value saw a significant increase to Rs 750 per sq.ft in 2012, but then decreased to Rs 502 per sq.ft in 2017. The 2023 revision set the value at Rs 750 per sq.ft, which was later increased to Rs 830 per sq.ft in 2024, marking an 11% rise.

From 2007 to 2024, the overall change in guideline value is an increase of 1560%. Specifically, the transition from 2017 to 2023 saw a 49% increase, while the jump from 2012 to 2017 represented a decrease of 33%. It is important to note that there are no recorded figures for the years 2002 and 2003 for this street.

Guideline values in Padappai

In Padappai, there are 146 streets under the Padappai SRO that have a 2024 guideline value ranging from Rs 440 to Rs 4,000 per sq.ft. The median guideline value is Rs 830 per sq.ft, which is the same as the current value for Thulukanathamman Koil Street.

• Three Star Nagar: Rs 3,300 per sq.ft (2024)
• Thoppu Street: Rs 1,320 per sq.ft (2024)
• Thiru.Vi.Ka.Nagar: Rs 830 per sq.ft (2024)
• Thiruvalluvar Street: Rs 830 per sq.ft (2024)
• Thiru.Subramani Nagar: Rs 830 per sq.ft (2024)
• Vandalur - Walajabad Road: 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 830 per sq.ft, the total guideline value would be Rs 8,30,000. The stamp duty at 7% would amount to Rs 58,100, while the registration fee at 2% would be Rs 16,600, bringing the total cost for these fees to Rs 74,700. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thulukanatham Koil Street?

The Sub Registrar Office that covers Thulukanatham Koil Street is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Padappai. It serves as a benchmark for determining the stamp duty and registration fees that are applicable during the transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the fees are based on a fair valuation of the property being transacted.

Frequently asked questions

What is the current guideline value of Thulukanathamman Koil Street?

The current guideline value of Thulukanathamman Koil Street is Rs 830 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 50 per sq.ft in 2007 to Rs 830 per sq.ft in 2024, reflecting an overall increase of 1560% over the years.

What is the registration office for Thulukanathamman Koil Street?

The registration office for Thulukanathamman Koil Street is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

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

The stamp duty is 7% of the guideline value or sale price, whichever is higher, while the registration fee is 2%. For example, a 1,000 sq.ft plot would incur a total fee of Rs 74,700.

How do I calculate the total cost for buying property in Thulukanathamman Koil Street?

The total cost includes the guideline value, stamp duty, and registration fees. You can use the stamp duty and registration fee calculator for precise calculations based on the property's size and value.