Guideline Value for Thulukkanathamman Kovil Street

Thulukkanathamman Kovil Street guideline value

The current guideline value of Thulukkanathamman Kovil Street is Rs 1,500 per sq.ft, effective from 1 July 2024. This street is located in Nandhivaram village, under the Gooduvancheri SRO, and is classified as Residential Special Type - I.

How the guideline value of Thulukkanathamman Kovil Street has changed

The guideline value for Thulukkanathamman Kovil Street has undergone several revisions over the years. In 2002, the guideline value was Rs 70 per sq.ft, which increased significantly to Rs 328 per sq.ft in 2007. The value saw a substantial rise of 357% during this period. Following that, in 2012, the guideline value was revised to Rs 1,500 per sq.ft, marking a dramatic increase of 357% from the previous figure. However, this value decreased by 33% to Rs 1,005 per sq.ft in 2017. The most recent revisions in 2023 and 2024 have maintained the guideline value at Rs 1,500 per sq.ft, with no change between these two years.

It is important to note that there is no figure available for the year 2003 in the register for this street. Overall, from 2002 to 2024, the guideline value has increased by 2043%.

Guideline values in Nandhivaram

Nandhivaram village has a total of 169 streets under the Gooduvancheri SRO that carry a guideline value for 2024, ranging from Rs 1,000 to Rs 3,500 per sq.ft. The median guideline value for these streets is Rs 1,500 per sq.ft, which is equal to the current figure for Thulukkanathamman Kovil Street.

• Thottam Avenue: Rs 1,500 per sq.ft (2024)
• Udhayasuriyan Nagar: Rs 2,000 per sq.ft (2024)
• Usha Nagar: Rs 1,200 per sq.ft (2024)
• Usha Nagar Extn: Rs 1,200 per sq.ft (2024)
• Vallalar Nagar: Rs 1,500 per sq.ft (2024)
• Valluvar Colony: Rs 1,200 per sq.ft (2024)

Stamp duty and registration fee for property in Thulukkanathamman Kovil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,500 per sq.ft, the total guideline value would be Rs 15,00,000. The stamp duty at 7% would amount to Rs 1,05,000, and the registration fee at 2% would be Rs 30,000. Together, the total cost for stamp duty and registration would be Rs 1,35,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thulukkanatham Kovil Street?

The Thulukkanathamman Kovil Street is covered by the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nandhivaram, Guduvanchery - 603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Nandhivaram. It is used to determine the stamp duty and registration fees that need to be paid during the transaction. Buyers should be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher.

When a property is registered, the guideline value ensures that the transaction is recorded at a standardized price, which helps in maintaining transparency in property dealings. It is essential for buyers and sellers to understand the guideline value to accurately estimate their costs during the registration process.

Frequently asked questions

What is the current guideline value of Thulukkanathamman Kovil Street?

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

How has the guideline value changed over the years?

The guideline value has changed from Rs 70 per sq.ft in 2002 to Rs 1,500 per sq.ft in 2012, then decreased to Rs 1,005 per sq.ft in 2017, and has remained at Rs 1,500 per sq.ft in 2023 and 2024.

What is the land classification for Thulukkanathamman Kovil Street?

Thulukkanathamman Kovil Street is classified as Residential Special Type - I.

How is stamp duty calculated for properties in Nandhivaram?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. The current rate is 7% for stamp duty and 2% for the registration fee.

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

The Gooduvancheri Sub Registrar Office covers Thulukkanathamman Kovil Street, located at Defence Colony Road, near Veterinary Hospital, Nandhivaram, Guduvanchery - 603202.