Guideline Value for Thulukkanathamman Street

Thulukkanathamman Street guideline value

The current guideline value of Thulukkanathamman Street is Rs 2,400 per sq.ft, effective from 1 July 2024. This street is located in Peravallur village, under the Sembiam SRO, and is classified as Residential Class I Type - II.

How the guideline value of Thulukkanathamman Street has changed

Over the years, the guideline value of Thulukkanathamman Street has seen several revisions. The earliest figure available is from the 2002 revision, which recorded a value of Rs 325 per sq.ft. This increased to Rs 354 per sq.ft in 2003, marking a 9% rise. The value then saw a significant increase to Rs 700 per sq.ft in 2007, reflecting a 98% change. By 2012, the guideline value was Rs 2,200 per sq.ft, showing a substantial increase of 214% from the previous revision.

In the following years, the value fluctuated, with a decrease to Rs 1,474 per sq.ft in 2017, which was a decline of 33%. The 2023 revision set the value at Rs 2,200 per sq.ft, an increase of 49% from 2017. The most recent revision in 2024 has set the guideline value at Rs 2,400 per sq.ft, which is a 9% increase from 2023.

Guideline values in Peravallur

In Peravallur, there are 423 streets under the Sembiam SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 7,100 per sq.ft, with a median value of Rs 3,301 per sq.ft. Thulukkanathamman Street's 2024 guideline value is below this median.

• Thiyagarajan Street (Vetri Nagar): Rs 3,301 per sq.ft (2024)
• Thitty Thottam Lakshmi Nagar: Rs 2,200 per sq.ft (2024)
• Thitty Thottam 4th Street: Rs 2,700 per sq.ft (2024)
• Thitty Thottam 3rd Street: Rs 2,700 per sq.ft (2024)
• Thitty Thottam 2nd Street: Rs 2,700 per sq.ft (2024)
• Thitty Thottam 1st Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Thulukkanathamman Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,400 per sq.ft, the total guideline value would be Rs 24,00,000. The stamp duty at 7% would be Rs 1,68,000, and the registration fee at 2% would be Rs 48,000, totaling Rs 2,16,000. 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 Street?

The Sub Registrar Office that covers Thulukkanathamman Street is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011. You can find your SRO for more details.

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

When buying or selling property in Peravallur, the guideline value is a crucial factor during the registration process. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that transactions are recorded at a fair value.

It is essential for buyers and sellers to be aware of the current guideline value, as it impacts the overall cost of property transactions. This value is updated periodically, reflecting changes in the real estate landscape.

Frequently asked questions

What is the current guideline value of Thulukkanathamman Street?

The current guideline value of Thulukkanathamman Street is Rs 2,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, from Rs 325 per sq.ft in 2002 to Rs 2,400 per sq.ft in 2024, reflecting an overall increase of 638% over the years.

What is the land classification of Thulukkanathamman Street?

Thulukkanathamman Street is classified as Residential Class I Type - II, indicating its designation for residential development.

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

For a property valued at Rs 24,00,000, the stamp duty would be Rs 1,68,000, and the registration fee would be Rs 48,000, totaling Rs 2,16,000.

Where is the Sub Registrar Office for Thulukkanathamman Street located?

The Sembiam Sub Registrar Office is located at 5, Papermills Road, Sembiam, Chennai - 600011, which covers Thulukkanathamman Street.