Guideline Value for Thulukkanam Naicken Street

Thulukkanam Naicken Street guideline value

The current guideline value of Thulukkanam Naicken Street is Rs 4,100 per sq.ft. This street is located in Kodambakkam village under the Ashok Nagar SRO, and is classified as Residential Class IV Type - I.

How the guideline value of Thulukkanam Naicken Street has changed

The guideline value for Thulukkanam Naicken Street has seen several revisions over the years. In the 2007 revision, the value was Rs 1,210 per sq.ft, which increased significantly to Rs 3,750 per sq.ft in the 2012 revision. This figure remained unchanged until the 2023 revision, where it was again Rs 3,750 per sq.ft. The latest revision in 2024 saw a rise to Rs 4,100 per sq.ft, marking a 9% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 239%. It is important to note that there are no figures available for the years 2002, 2003, and 2017 in the register for this street.

Guideline values in Kodambakkam

In Kodambakkam, there are 1,031 streets under the Ashok Nagar SRO that carry a 2024 guideline value, ranging from Rs 2,200 to Rs 11,000 per sq.ft. The median guideline value for these streets is Rs 4,900 per sq.ft, indicating that Thulukkanam Naicken Street's 2024 figure is below this median.

• Thulasiammal Nagar: Rs 3,300 per sq.ft (2024)
• Tholkappiar Street: Rs 3,300 per sq.ft (2024)
• Thiyagi Surendran Street: Rs 3,300 per sq.ft (2024)
• Thiyagi Kuppusamy Street: Rs 3,300 per sq.ft (2024)
• Thiyagi Kuppan Street: Rs 3,300 per sq.ft (2024)
• Thiyagi Kuppan 2nd Cross Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Thulukkanam Naicken Street

For a 1,000 sq.ft plot at the current guideline value, the calculation is as follows: guideline value Rs 41,00,000; stamp duty at 7% is Rs 2,87,000; registration fee at 2% is Rs 82,000; together, the total is Rs 3,69,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thulukkanam Naicken Street?

The Sub Registrar Office that covers Thulukkanam Naicken Street is the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office). You can find your SRO for more information.

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

The guideline value is a critical factor in property transactions in Kodambakkam, as it determines the stamp duty and registration fees payable during the registration process. Buyers and sellers must refer to the current guideline value when finalizing the sale price to ensure compliance with local regulations.

When registering a property, the guideline value acts as a benchmark for taxation purposes. It is essential for both parties to be aware of this value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Thulukkanam Naicken Street?

The current guideline value of Thulukkanam Naicken Street is Rs 4,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,210 per sq.ft in 2007 to Rs 4,100 per sq.ft in 2024, marking an overall increase of 239% over the years.

What are the stamp duty and registration fees for this street?

For a 1,000 sq.ft plot, the stamp duty is Rs 2,87,000 and the registration fee is Rs 82,000, totaling Rs 3,69,000 based on the current guideline value.

Which Sub Registrar Office is responsible for Thulukkanam Naicken Street?

The Ashok Nagar Sub Registrar Office is responsible for Thulukkanam Naicken Street, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the land classification for Thulukkanam Naicken Street?

Thulukkanam Naicken Street is classified as Residential Class IV Type - I, indicating its designated use for residential purposes.