Guideline Value for Thulukkanathamman Kovil Street

Thulukkanathamman Kovil Street guideline value

The current guideline value of Thulukkanathamman Kovil Street is Rs 6,600 per sq.ft, effective from 1 July 2024. This street is located in Adayar village, under the Adayar SRO, and is classified as Residential Class I 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. The earliest recorded figure is from the 2007 revision, which was Rs 3,000 per sq.ft. This increased to Rs 6,000 per sq.ft in the 2012 revision, marking a 100% rise. However, in the 2017 revision, the value dropped to Rs 4,020 per sq.ft, reflecting a decrease of 33%. The 2023 revision saw a significant increase to Rs 6,000 per sq.ft, and the most recent 2024 revision raised it further to Rs 6,600 per sq.ft, a change of 10% from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 120%. Notably, there are no figures available for the years 2002 and 2003 in the register for this street.

Guideline values in Adayar

Adayar village features a total of 92 streets under the Adayar SRO, with guideline values ranging from Rs 3,300 to Rs 15,400 per sq.ft as of 2024. The median guideline value for these streets is Rs 6,100 per sq.ft, placing Thulukkanathamman Kovil Street's 2024 figure above this median.

• Thiru.Vi.Ka. Industrial Estate: Rs 7,200 per sq.ft (2024)
• Thiruvalluvar Nagar 4th Street: Rs 6,100 per sq.ft (2024)
• Thiruvalluvar Nagar 3rd Street: Rs 6,100 per sq.ft (2024)
• Thiruvalluvar Nagar 2nd Street: Rs 6,100 per sq.ft (2024)
• Thiruvalluvar Nagar 1st Street: Rs 6,100 per sq.ft (2024)
• Upparpalayam Anna Street: Rs 5,500 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 6,600 per sq.ft, the total guideline value would be Rs 66,00,000. The stamp duty at 7% would amount to Rs 4,62,000, and the registration fee at 2% would be Rs 1,32,000, leading to a total of Rs 5,94,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thulukkanathamman Kovil Street?

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

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

The guideline value plays a crucial role in the registration process when buying or selling property in Adayar. It determines 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 buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the transaction is compliant with local regulations and reflects the property's value in the market.

Frequently asked questions

What is the current guideline value of Thulukkanathamman Kovil Street?

The current guideline value of Thulukkanathamman Kovil Street is Rs 6,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,000 per sq.ft in 2007 to Rs 6,600 per sq.ft in 2024, representing an overall increase of 120% over the years.

What is the registration office for Thulukkanathamman Kovil Street?

The registration office for Thulukkanathamman Kovil Street is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.

How is stamp duty calculated for properties in Adayar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 66,00,000 would incur a stamp duty of Rs 4,62,000 at a rate of 7%.

What is the median guideline value for streets in Adayar?

The median guideline value for streets in Adayar is Rs 6,100 per sq.ft, with Thulukkanathamman Kovil Street's value of Rs 6,600 per sq.ft being above this median.