Guideline Value for Thulukkanam Street

Thulukkanam Street guideline value

The current guideline value of Thulukkanam Street in Chindadripet village is Rs 2,500 per sq.ft, effective from 1 July 2024. This street falls under the Periamet SRO and is classified as Residential Class IV Type - I.

How the guideline value of Thulukkanam Street has changed

The guideline value for Thulukkanam Street has seen several revisions over the years. In 2007, the value was set at Rs 600 per sq.ft, which then increased significantly to Rs 2,300 per sq.ft in 2012, marking a 283% rise. However, this value decreased to Rs 1,541 per sq.ft in 2017, a decline of 33%. The value then rose again to Rs 2,300 per sq.ft in 2023, followed by a further increase to Rs 2,500 per sq.ft in 2024, reflecting a 9% change.

There are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 317%.

Guideline values in Chindadripet

In Chindadripet, there are 98 streets under the Periamet SRO that carry a 2024 guideline value ranging from Rs 2,500 to Rs 18,100 per sq.ft, with a median value of Rs 3,300 per sq.ft. Thulukkanam Street's 2024 figure is below this median.

• Thiyagaraja Stret(Varadarajapuram): Rs 2,500 per sq.ft (2024)
• Ulagappa maistry street: Rs 6,600 per sq.ft (2024)
• Vannara Street(WashermenStreet): Rs 3,300 per sq.ft (2024)
• Vedariri Street(Maistry): Rs 4,400 per sq.ft (2024)
• Veeramman Koil Street: Rs 3,800 per sq.ft (2024)
• Venkatesa Gramani Street: Rs 3,800 per sq.ft (2024)

Stamp duty and registration fee for property in Thulukkanam Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,500 per sq.ft, the total guideline value would be Rs 25,00,000. The stamp duty at 7% would amount to Rs 1,75,000, and the registration fee at 2% would be Rs 50,000, totaling Rs 2,25,000. 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 details.

Which Sub Registrar Office covers Thulukkanam Street?

The Thulukkanam Street is covered by the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Chindadripet. It serves as a benchmark for determining the stamp duty and registration fees applicable when buying or selling property.

When a property is sold, the guideline value is assessed to ensure that the transaction is registered at a fair value, which is particularly important for tax purposes. Buyers and sellers should be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Thulukkanam Street?

The current guideline value of Thulukkanam Street is Rs 2,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2007 to Rs 2,500 per sq.ft in 2024, reflecting an overall increase of 317% over the years.

What are the stamp duty and registration fees for property on Thulukkanam Street?

For a property valued at Rs 25,00,000, the stamp duty would be Rs 1,75,000 and the registration fee would be Rs 50,000, totaling Rs 2,25,000.

Which office handles registrations for Thulukkanam Street?

The registrations for Thulukkanam Street are handled by the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003.

How does the guideline value affect property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions. It ensures that properties are registered at a fair value for tax purposes.