Guideline Value for Thulukkanathamman Koil Street

Thulukkanathamman Koil Street guideline value

The current guideline value of Thulukkanathamman Koil Street is Rs 1,980 per sq.ft, effective from 1 July 2024. This street is located in Nanmangalam village under the Pallavaram SRO, classified as Residential Class I Type - III.

How the guideline value of Thulukkanathamman Koil Street has changed

The guideline value for Thulukkanathamman Koil Street has seen several revisions over the years. The earliest recorded value in 2002 was Rs 132 per sq.ft, which increased to Rs 185 per sq.ft in 2003, marking a change of +40%. Following this, the value surged significantly to Rs 750 per sq.ft in 2007, a change of +305%. The value then saw a substantial increase to Rs 1,800 per sq.ft in 2012, which was a rise of +140%. However, it decreased to Rs 1,206 per sq.ft in 2017, reflecting a change of -33%. The value rose again to Rs 1,800 per sq.ft in 2023, and finally, it is currently set at Rs 1,980 per sq.ft as of the 2024 revision, representing a change of +10%.

There are no recorded figures for the guideline value of Thulukkanathamman Koil Street in revisions prior to 2002 or after 2024.

Guideline values in Nanmangalam

Nanmangalam has a total of 139 streets under the Pallavaram SRO, with guideline values for 2024 ranging from Rs 1,960 to Rs 3,850 per sq.ft. The median value for these streets is Rs 2,750 per sq.ft, placing Thulukkanathamman Koil Street's current guideline value below this median.

• Ujeevana Nagar: Rs 3,300 per sq.ft (2024)
• Vadivel Nagar: Rs 2,750 per sq.ft (2024)
• Vadivel Nagar 1 To 3 Streets: Rs 2,750 per sq.ft (2024)
• Vadivel Nagar Extn.: Rs 2,750 per sq.ft (2024)
• Vairavan Street: Rs 2,750 per sq.ft (2024)
• Vallalar Street: Rs 1,960 per sq.ft (2024)

Stamp duty and registration fee for property in Thulukkanathamman Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value amounts to Rs 19,80,000. The stamp duty at 7% would be Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, bringing the total to Rs 1,78,200. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thulukkanathamman Koil Street?

The Sub Registrar Office that covers Thulukkanathamman Koil Street is 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 information.

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

The guideline value is an essential factor in the registration process when buying or selling property in Nanmangalam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in the official register.

When a property is sold, the seller and buyer must consider the guideline value as it influences the stamp duty and registration fees payable at the time of registration. This ensures compliance with local regulations and helps in maintaining transparency in property transactions.

Frequently asked questions

What is the current guideline value of Thulukkanathamman Koil Street?

The current guideline value of Thulukkanathamman Koil Street is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 132 per sq.ft in 2002 to Rs 1,980 per sq.ft in 2024, reflecting an overall increase of 1,400% over the years.

What is the median guideline value in Nanmangalam?

The median guideline value in Nanmangalam is Rs 2,750 per sq.ft for the year 2024, with Thulukkanathamman Koil Street's value being below this median.

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

For a property valued at the current guideline value of Rs 19,80,000, the stamp duty would be Rs 1,38,600 and the registration fee would be Rs 39,600, totaling Rs 1,78,200.

Which office handles the registration for Thulukkanathamman Koil Street?

The registration for Thulukkanathamman Koil Street is handled by the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.