Guideline Value for Thulukanathamman Street

Thulukanathamman Street guideline value

The current guideline value of Thulukanathamman Street is Rs 181 per sq.ft, effective from 1 July 2024. This street is located in Podavoor village, under the Sunguvarchattram SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Thulukanathamman Street has changed

The guideline value for Thulukanathamman Street has seen several revisions over the years. The 2012 revision set the value at Rs 180 per sq.ft, which then decreased to Rs 121 per sq.ft in the 2017 revision, marking a 33% drop. From 2017 to 2023, the value increased by 50%, bringing it back to Rs 181 per sq.ft. The 2024 revision maintains this value, showing no change from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by just 1%.

Guideline values in Podavoor

In Podavoor, there are 20 streets under the Sunguvarchattram SRO that carry a 2024 guideline value ranging from Rs 181 to Rs 600 per sq.ft, with a median value of Rs 250 per sq.ft. Thulukanathamman Street's 2024 guideline value is below this median.

• Thiyagaraj Nagar: Rs 500 per sq.ft (2024)
• well Street: Rs 181 per sq.ft (2024)
• SriDevi Teak Garden: Rs 200 per sq.ft (2024)
• SriDevi Green Farms: Rs 200 per sq.ft (2024)
• Ponjothi Garden: Rs 500 per sq.ft (2024)
• Padavattamman Kovil Street: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Thulukanathamman Street

For a 1,000 sq.ft plot at the current guideline value of Rs 181 per sq.ft, the total guideline value amounts to Rs 1,81,000. The stamp duty at 7% would be Rs 12,670, while the registration fee at 2% would be Rs 3,620, totaling Rs 16,290. 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 Street?

The Sub Registrar Office that covers Thulukanathamman Street is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone.

You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process for property transactions in Podavoor. It serves as a benchmark for determining the stamp duty and registration fees that are payable when buying or selling property.

When a property is registered, the guideline value is used to calculate the applicable taxes, ensuring that both buyers and sellers are aware of their financial obligations. This helps in maintaining transparency in property transactions.

Frequently asked questions

What is the current guideline value of Thulukanathamman Street?

The current guideline value of Thulukanathamman Street is Rs 181 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 181 per sq.ft from 2023 to 2024. It increased from Rs 121 per sq.ft in 2017 to Rs 181 per sq.ft in 2023, marking a 50% increase. Overall, from 2012 to 2024, the increase is just 1%.

What is the land classification for Thulukanathamman Street?

The land classification for Thulukanathamman Street is Residential Class II Type - I.

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

For a property valued at Rs 1,81,000, the stamp duty would be Rs 12,670, and the registration fee would be Rs 3,620, totaling Rs 16,290. Duty is charged on the higher of the guideline value or the sale price.

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

The Sub Registrar Office for Thulukanathamman Street is located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone.