Guideline Value for Thulukanathamman Kovil Streer (colony)

Thulukanathamman Kovil Streer (colony) guideline value

The current guideline value of Thulukanathamman Kovil Streer (colony) is Rs 200 per sq.ft, effective from 1 July 2024. This street is located in Vattampakkam village and falls under the Sunguvarchattram SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Thulukanathamman Kovil Streer (colony) has changed

The guideline value for Thulukanathamman Kovil Streer (colony) has seen several revisions over the years. The 2012 revision set the value at Rs 200 per sq.ft, which remained unchanged in the 2017 revision, where it was recorded at Rs 134 per sq.ft. The 2023 revision also maintained the value at Rs 200 per sq.ft, and the current 2024 revision continues this trend with the same rate of Rs 200 per sq.ft. Notably, there are no figures recorded for this street in the 2002, 2003, and 2007 revisions.

Between the revisions, significant changes occurred. From 2017 to 2023, there was an increase of 49%. However, from 2012 to 2017, the value decreased by 33%. Overall, from 2012 to 2024, the guideline value has remained stable with a 0% change.

Guideline values in Vattampakkam

In Vattampakkam, there are 33 streets under the Sunguvarchattram SRO that carry a guideline value for 2024, ranging from Rs 200 to Rs 1,790 per sq.ft. The median value for these streets is Rs 250 per sq.ft, placing Thulukanathamman Kovil Streer (colony) below this median.

• Swarna Bhoomi: Rs 448 per sq.ft (2024)
• Zion garden: Rs 747 per sq.ft (2024)
• Sri Lakshmi Narayanan Nagar: Rs 500 per sq.ft (2024)
• Sri KamatchiAmman Nagar: Rs 250 per sq.ft (2024)
• Sri Devi Nagar: Rs 300 per sq.ft (2024)
• Sri Avenue: Rs 448 per sq.ft (2024)

Stamp duty and registration fee for property in Thulukanathamman Kovil Streer (colony)

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total to Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thulukanathamman Kovil Streer (colony)?

The Sub Registrar Office that covers Thulukanathamman Kovil Streer (colony) is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property in Vattampakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable to a property transaction. Buyers and sellers must be aware of the guideline value to ensure compliance with legal requirements during the registration process.

When a property is sold, the guideline value is used to calculate the stamp duty, which is typically charged at a percentage of the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Thulukanathamman Kovil Streer (colony)?

The current guideline value of Thulukanathamman Kovil Streer (colony) is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 200 per sq.ft since 2012, with a notable increase of 49% from 2017 to 2023. The value decreased by 33% from 2012 to 2017.

What is the land classification for Thulukanathamman Kovil Streer (colony)?

The land classification for Thulukanathamman Kovil Streer (colony) is Residential Class II Type - I.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Thulukanathamman Kovil Streer (colony) is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 2,00,000 would incur a stamp duty of Rs 14,000 at 7% and a registration fee of Rs 4,000 at 2%.