Guideline Value for Thulukka Street

Thulukka Street guideline value

The current guideline value of Thulukka Street in Thirunageswaram village, under the Kunrathur SRO, is Rs 1,550 per sq.ft, effective from 1 July 2024. This street is classified as Residential Special Type - II.

How the guideline value of Thulukka Street has changed

The guideline value for Thulukka Street has undergone several revisions over the years. Starting from Rs 153 per sq.ft in 2003, it increased to Rs 300 per sq.ft in 2007. The value then saw a significant rise to Rs 1,400 per sq.ft in 2012, but dropped to Rs 938 per sq.ft in 2017. The 2023 revision marked a return to Rs 1,400 per sq.ft, which was then revised to the current Rs 1,550 per sq.ft in 2024, reflecting an increase of 11% from the previous year.

Overall, the guideline value has increased by 913% from 2003 to 2024. The register does not have figures for the year 2002 for this street.

Guideline values in Thirunageswaram

In Thirunageswaram, there are 105 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 800 to Rs 2,000 per sq.ft, with a median value of Rs 1,550 per sq.ft. Thulukka Street's 2024 figure aligns with this median.

• Thiruvalluvar Nagar Vallalar Street 2nd Street: Rs 1,550 per sq.ft (2024)
• Thiruvalluvar Nagar Vallalar Street 1st Street: Rs 1,550 per sq.ft (2024)
• Thiruvalluvar Nagar TamilThendral T.V.K.Salai: Rs 1,550 per sq.ft (2024)
• Thiruvalluvar Nagar Sekkizhar Salai: Rs 1,550 per sq.ft (2024)
• Thiruvalluvar Nagar Perunchitthanar Salai: Rs 1,550 per sq.ft (2024)
• Thiruvalluvar Nagar Ottakoothar Salai: Rs 1,550 per sq.ft (2024)

Stamp duty and registration fee for property in Thulukka Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,550 per sq.ft, the total guideline value amounts to Rs 15,50,000. The stamp duty at 7% would be Rs 1,08,500, and the registration fee at 2% would be Rs 31,000, making the total fees Rs 1,39,500. Please note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Thulukka Street?

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

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

The guideline value is a crucial factor in property transactions in Thirunageswaram. It serves as the basis for calculating stamp duty and registration fees when a property is sold or purchased. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When a property is registered, the guideline value is used to determine the applicable fees, which are essential for the legal transfer of ownership. It is important for both parties to be aware of this value to avoid any discrepancies during the transaction.

Frequently asked questions

What is the current guideline value of Thulukka Street?

The current guideline value of Thulukka Street is Rs 1,550 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 153 per sq.ft in 2003 to Rs 1,550 per sq.ft in 2024, reflecting an overall increase of 913% over this period.

What are the stamp duty and registration fees for properties on Thulukka Street?

For a property valued at Rs 15,50,000, the stamp duty is Rs 1,08,500 and the registration fee is Rs 31,000, totaling Rs 1,39,500.

Which office handles property registrations for Thulukka Street?

The Kunrathur Sub Registrar Office handles property registrations for Thulukka Street, located at No.59, Road Street, Kundrathur, Chennai -600 069.

What is the land classification for Thulukka Street?

Thulukka Street is classified as Residential Special Type - II, which is relevant for determining the guideline value and property usage regulations.