Guideline Value for Thulukanathamman Street Extn.

Thulukanathamman Street Extn. guideline value

The current guideline value of Thulukanathamman Street Extn. is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Zaminpallavaram village, which falls under the Pallavaram SRO. The land classification for this area is Residential Class I Type - III.

How the guideline value of Thulukanathamman Street Extn. has changed

The guideline value for Thulukanathamman Street Extn. has undergone several revisions over the years. The earliest recorded revision was in 2003, where the guideline 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 then saw a dramatic jump to Rs 2,000 per sq.ft in 2012, reflecting a 233% increase from the 2007 figure. The most recent revision in 2024 set the guideline value at Rs 2,200 per sq.ft, which is a 10% increase from the 2012 figure.

It is important to note that there are no figures recorded for the revisions in 2002, 2017, and 2023 for this street. Overall, from 2003 to 2024, the guideline value has increased by 527%.

Guideline values in Zaminpallavaram

In Zaminpallavaram, there are 638 streets under the Pallavaram SRO that carry a 2024 guideline value ranging from Rs 2,100 to Rs 11,000 per sq.ft, with a median value of Rs 3,300 per sq.ft. The guideline value of Thulukanathamman Street Extn. is below this median.

• Thulukanathamman Koil Street: 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)
• T.S. Lakshmanan 1st Street: Rs 3,300 per sq.ft (2024)
• T.S. Lakshmanan 2nd Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Thulukanathamman Street Extn.

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, while the registration fee at 2% would be Rs 44,000. Together, these fees would total 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.

For more information on calculating fees, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thulukanathamman Street Extn.?

The Thulukanathamman Street Extn. falls under the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role during property transactions in Zaminpallavaram. When buying or selling property, the guideline value is used to determine the applicable stamp duty and registration fees. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Additionally, the guideline value ensures transparency in property transactions, helping to prevent undervaluation and ensuring that the government receives the appropriate revenue from property sales. Buyers and sellers should be aware of the guideline value to make informed decisions during the registration process.

Frequently asked questions

What is the current guideline value of Thulukanathamman Street Extn.?

The current guideline value of Thulukanathamman Street Extn. 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 seen several revisions, starting from Rs 351 per sq.ft in 2003 to Rs 2,200 per sq.ft in 2024, reflecting an overall increase of 527% over the years.

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

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 and the registration fee would be Rs 44,000, totaling Rs 1,98,000.

Which Sub Registrar Office covers Thulukanathamman Street Extn.?

The Pallavaram Sub Registrar Office covers Thulukanathamman Street Extn., located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

Are there other streets with similar guideline values in Zaminpallavaram?

Yes, there are other streets in Zaminpallavaram with similar guideline values, including Thulukanathamman Koil Street and Tirumurugan Nagar 1st Street, both of which have guideline values close to Rs 2,200 per sq.ft.