Guideline Value for Thulukkathamman Koil Main Road

Thulukkathamman Koil Main Road guideline value

The current guideline value of Thulukkathamman Koil Main Road is Rs 2,200 per sq.ft. This road is located in Kottivakkam village, under the Adayar SRO, and is classified as Residential Class IV Type - II.

How the guideline value of Thulukkathamman Koil Main Road has changed

The guideline value for Thulukkathamman Koil Main Road has undergone several revisions over the years. Starting from the 2002 revision, the guideline value was Rs 256 per sq.ft. This figure increased significantly in the following years, with the 2003 revision showing a value of Rs 305 per sq.ft, marking a 19% increase. The 2007 revision saw a substantial jump to Rs 1,250 per sq.ft, a 310% rise from 2003. By 2012, the value was Rs 2,000 per sq.ft, reflecting a 60% increase from 2007. However, in the 2017 revision, the value dropped to Rs 1,340 per sq.ft, a decrease of 33% from the previous revision. The 2023 revision brought it back up to Rs 2,000 per sq.ft, and the latest 2024 revision has set the guideline value at Rs 2,200 per sq.ft, which is a 10% increase from 2023.

Overall, from the 2002 revision to the 2024 revision, the guideline value has increased by 759%. There are no figures available for any other years for this street in the register.

Guideline values in Kottivakkam

In Kottivakkam, there are 284 streets under the Adayar SRO that carry a 2024 guideline value ranging from Rs 1,700 to Rs 8,500 per sq.ft. The median guideline value in this area is Rs 3,900 per sq.ft, placing Thulukkathamman Koil Main Road's 2024 figure below that median.

• Thiruveedhi Amman Koil Veedhi: Rs 2,200 per sq.ft (2024)
• Thiruveedhi Amman Koil Main Road: Rs 2,200 per sq.ft (2024)
• Thiruveedhi Amman Koil First Street: Rs 2,200 per sq.ft (2024)
• Thiruveedhi Amman Koil 2nd Street: Rs 2,200 per sq.ft (2024)
• Thiruveedhi Amman Cross Street: Rs 2,200 per sq.ft (2024)
• Vaidegi Street: Rs 3,900 per sq.ft (2024)

Stamp duty and registration fee for property in Thulukkathamman Koil Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total cost for these fees to Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more accurate estimates.

Which Sub Registrar Office covers Thulukkathamman Koil Main Road?

The Sub Registrar Office that covers Thulukkathamman Koil Main Road is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. For more information, you can find your SRO.

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

The guideline value is a crucial factor in property transactions in Kottivakkam. It serves as a reference point for determining the stamp duty and registration fees that need to be paid during the registration process. Buyers and sellers must consider this value to ensure compliance with local regulations.

When a property is sold, the guideline value is compared with the sale price. The higher of the two values is used to calculate the applicable stamp duty and registration fees, ensuring that the transaction is conducted in accordance with the legal framework.

Frequently asked questions

What is the current guideline value of Thulukkathamman Koil Main Road?

The current guideline value of Thulukkathamman Koil Main Road is Rs 2,200 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2002, the guideline value has increased from Rs 256 per sq.ft to Rs 2,200 per sq.ft in 2024, marking an overall increase of 759%.

What is the land classification for Thulukkathamman Koil Main Road?

Thulukkathamman Koil Main Road is classified as Residential Class IV Type - II.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Thulukkathamman Koil Main Road is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 22,00,000, the stamp duty would be calculated accordingly.