Guideline Value for Thulukkanathamman Koil Street

Thulukkanathamman Koil Street guideline value

The current guideline value of Thulukkanathamman Koil Street is Rs 5,000 per sq.ft, effective from 1 July 2024. This street is located in Kottur village and falls under the Adayar SRO. The land classification for this area is Residential Class IV Type - II.

How the guideline value of Thulukkanathamman Koil Street has changed

The guideline value for Thulukkanathamman Koil Street has seen several revisions over the years. Starting with the 2002 revision, the value was Rs 568 per sq.ft. This increased to Rs 612 per sq.ft in 2003, marking an 8% rise. The value then surged significantly to Rs 2,500 per sq.ft in 2007, a change of 308%. In 2012, the value adjusted to Rs 4,500 per sq.ft, reflecting an increase of 80% from the previous revision. However, it decreased to Rs 3,015 per sq.ft in 2017, which was a decline of 33%. The 2023 revision set the value at Rs 4,500 per sq.ft, followed by the current 2024 revision which raised it to Rs 5,000 per sq.ft, an increase of 11%.

Overall, from 2002 to 2024, the guideline value has increased by 780%. The register has no figures for any other years for this street.

Guideline values in Kottur

In Kottur, there are 114 streets under the Adayar SRO that carry a 2024 guideline value ranging from Rs 3,300 to Rs 15,400 per sq.ft, with a median value of Rs 6,100 per sq.ft. Thulukkanathamman Koil Street's 2024 figure is below this median.

• Thiruvengadam Street: Rs 8,800 per sq.ft (2024)
• Thiruvalluvar Nagar 4th Street: Rs 5,000 per sq.ft (2024)
• Thiruvalluvar Nagar 3rd Street: Rs 5,000 per sq.ft (2024)
• Thiruvalluvar Nagar 2nd Street: Rs 5,000 per sq.ft (2024)
• Thiruvalluvar Nagar 1st Street: Rs 5,000 per sq.ft (2024)
• Upparpalayam Anna Street: Rs 5,000 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 5,000 per sq.ft, the total guideline value amounts to Rs 50,00,000. The stamp duty at 7% would be Rs 3,50,000, and the registration fee at 2% would be Rs 1,00,000, totaling Rs 4,50,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thulukkanathamman Koil Street?

The Sub Registrar Office that covers Thulukkanathamman Koil Street is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Kottur. It serves as a benchmark for determining the stamp duty and registration fees that buyers and sellers must pay during the registration process.

When a property is sold, the guideline value helps ensure that the transaction is recorded at a fair value, which is essential for legal and tax purposes. Buyers should be aware that the stamp duty is charged on the higher of the guideline value or the sale price, whichever is applicable.

Frequently asked questions

What is the current guideline value of Thulukkanathamman Koil Street?

The current guideline value of Thulukkanathamman Koil Street is Rs 5,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 568 per sq.ft in 2002 to Rs 5,000 per sq.ft in 2024, reflecting a total increase of 780% over the years.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 50,00,000, the stamp duty would be Rs 3,50,000 and the registration fee would be Rs 1,00,000, totaling Rs 4,50,000.

Which Sub Registrar Office handles transactions for this street?

The Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20, handles transactions for Thulukkanathamman Koil Street.

What is the median guideline value for streets in Kottur?

The median guideline value for streets in Kottur is Rs 6,100 per sq.ft, with Thulukkanathamman Koil Street's value being below this median.