Guideline Value for THULASI GARDEN

Thulasi Garden guideline value

The current guideline value of Thulasi Garden, located in Acharapakkam village under the Acchirapakkam SRO, is Rs 374 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Class II Type - II land classification.

How the guideline value of Thulasi Garden has changed

The guideline value for Thulasi Garden has remained consistent at Rs 374 per sq.ft since the 2023 revision. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002 in the register for this street.

From the 2023 revision to the 2024 revision, there was no change in the guideline value, maintaining a rate of Rs 374 per sq.ft. This indicates stability in the guideline value for this particular street over the past two revisions.

Guideline values in Acharapakkam

Acharapakkam village has a total of 61 streets under the Acchirapakkam SRO that carry a 2024 guideline value ranging from Rs 250 to Rs 600 per sq.ft, with a median value of Rs 400 per sq.ft. Thulasi Garden's 2024 figure is below this median.

• Thoppu Street Ward 10: Rs 350 per sq.ft (2024)
• Vajirapuram: Rs 250 per sq.ft (2024)
• Varada Reddiar Colony: Rs 400 per sq.ft (2024)
• Venkatesapuram: Rs 400 per sq.ft (2024)
• Venkatesapuram 1st Street Ward 14: Rs 300 per sq.ft (2024)
• Venkatesapuram 2rd Street Ward 15: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Thulasi Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 374 per sq.ft, the total guideline value amounts to Rs 3,74,000. The stamp duty at 7% would be Rs 26,180, and the registration fee at 2% would be Rs 7,480, bringing the total cost for these fees to Rs 33,660. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Thulasi Garden?

The Sub Registrar Office that covers Thulasi Garden is the Acchirapakkam Sub Registrar Office, located at No.70, Bazzar Street, Acchirapakkam-603301, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Acharapakkam. It serves as the minimum benchmark for the registration of property transactions, ensuring that properties are not sold below a certain value.

When you register a property, the guideline value is used to calculate the stamp duty and registration fees, which are essential costs associated with the transfer of property ownership. This ensures transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Thulasi Garden?

The current guideline value of Thulasi Garden is Rs 374 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2023 revision, the guideline value for Thulasi Garden has remained unchanged at Rs 374 per sq.ft. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002 for this street.

What are the stamp duty and registration fees for Thulasi Garden?

The stamp duty for a property in Thulasi Garden is 7% of the guideline value, while the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 33,660.

Which office handles property registrations in Acharapakkam?

The Acchirapakkam Sub Registrar Office handles property registrations in Acharapakkam. It is located at No.70, Bazzar Street, Acchirapakkam-603301, Chengalpattu registration zone.

How is the guideline value determined for properties in Acharapakkam?

The guideline value is determined based on various factors, including land classification and the average values of other streets in the area. It serves as a benchmark for property transactions to ensure fair registration practices.