Guideline Value for SRI THULASI NAGAR

Sri Thulasi Nagar guideline value

The current guideline value of Sri Thulasi Nagar is Rs 1,800 per sq.ft, as per the 2023 revision. This area is located in Nalambakkam village and falls under the Gooduvancheri SRO. The land classification for this locality is Mixed Special Type - II.

How the guideline value of Sri Thulasi Nagar has changed

According to the guideline value register, the 2017 revision for Sri Thulasi Nagar was also set at Rs 1,800 per sq.ft. Therefore, there has been no change in the guideline value from 2017 to the 2023 revision, which remains at Rs 1,800 per sq.ft.

For the years 2002, 2003, 2007, 2012, and 2024, the register has no figures for this street. Thus, the only revisions available for Sri Thulasi Nagar are from 2017 and 2023, both of which indicate a consistent guideline value.

Guideline values in Nalambakkam

Currently, there are no specific village figures provided for Nalambakkam. Sri Thulasi Nagar is situated within this locality, and there are no other streets in Nalambakkam under the Gooduvancheri SRO listed.

Stamp duty and registration fee for property in Sri Thulasi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,800 per sq.ft, the total guideline value would be Rs 18,00,000. The stamp duty at 7% would amount to Rs 1,26,000, while the registration fee at 2% would be Rs 36,000, making the total charges Rs 1,62,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri Thulasi Nagar?

The Sub Registrar Office that covers Sri Thulasi Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. To find your SRO, visit find your SRO.

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

The guideline value plays a crucial role in property transactions in Nalambakkam, as it serves as a benchmark for determining the minimum sale price of properties in the area. When a property is registered, the guideline value is used to calculate the applicable stamp duty and registration fees.

It is essential for buyers and sellers to be aware of the current guideline value, as it impacts the overall cost of the transaction. The guideline value ensures that the property is registered at a value that reflects the prevailing rates in the locality, safeguarding the interests of both parties involved in the transaction.

Frequently asked questions

What is the current guideline value of Sri Thulasi Nagar?

The current guideline value of Sri Thulasi Nagar is Rs 1,800 per sq.ft, according to the 2023 revision.

How has the guideline value changed over the years?

The guideline value has remained consistent at Rs 1,800 per sq.ft from the 2017 revision to the 2023 revision. There are no figures available for the revisions in 2002, 2003, 2007, 2012, and 2024.

What is the land classification for Sri Thulasi Nagar?

Sri Thulasi Nagar is classified as Mixed Special Type - II, which indicates the type of development permissible in the area.

Where is the Gooduvancheri Sub Registrar Office located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

How is stamp duty calculated for properties in Sri Thulasi Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property with a guideline value of Rs 18,00,000 would incur a stamp duty of Rs 1,26,000 at 7%.