Guideline Value for Thulukkanathamman Koil Street

Thulukkanathamman Koil Street guideline value

The current guideline value of Thulukkanathamman Koil Street is Rs 300 per sq.ft, effective from 1 July 2024. This street is located in Venkadu village, under the Sriperumpudur SRO, classified as Residential Class II Type - I.

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 2012 revision set the value at Rs 300 per sq.ft, which remained unchanged in the 2017 revision. However, from 2017 to 2023, the value increased significantly by 49% to Rs 300 per sq.ft, and the 2024 revision maintained this value, showing no change from the previous year.

Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value remains unchanged at Rs 300 per sq.ft.

Guideline values in Venkadu

In Venkadu village, there are 24 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 471 per sq.ft. The median guideline value for these streets is Rs 300 per sq.ft, which is equal to the 2024 figure for Thulukkanathamman Koil Street.

• V.G. Nagar: Rs 310 per sq.ft (2024)
• VG Nagar Extension: Rs 310 per sq.ft (2024)
• Sree Bhuvaneswari Nagar: Rs 300 per sq.ft (2024)
• Siva Vishnu Garden: Rs 300 per sq.ft (2024)
• Shanthi Nagar: Rs 300 per sq.ft (2024)
• Royal Farms: Rs 310 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 300 per sq.ft, the total guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, making the total fees Rs 27,000. 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 detailed calculations.

Which Sub Registrar Office covers Thulukkanathamman Koil Street?

The Thulukkanathamman Koil Street falls under the jurisdiction of the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor during the registration of property transactions in Venkadu. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on a standardized valuation of the property.

When buying or selling property, the guideline value helps both parties understand the financial implications of the transaction. It is essential for buyers to be aware of this value to ensure compliance with legal requirements during the registration process.

Frequently asked questions

What is the current guideline value of Thulukkanathamman Koil Street?

The current guideline value of Thulukkanathamman Koil Street is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 300 per sq.ft from 2012 to 2024, with a significant increase of 49% from 2017 to 2023. However, there are no figures available for the years 2002, 2003, and 2007.

What is the median guideline value for streets in Venkadu?

The median guideline value for streets in Venkadu is Rs 300 per sq.ft, which is the same as the current value for Thulukkanathamman Koil Street.

What fees are associated with property transactions in Thulukkanathamman Koil Street?

For a property valued at Rs 3,00,000, the stamp duty is Rs 21,000 at 7%, and the registration fee is Rs 6,000 at 2%, totaling Rs 27,000 in fees.

Where can I find the Sub Registrar Office for Thulukkanathamman Koil Street?

The Sub Registrar Office for Thulukkanathamman Koil Street is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.