Guideline Value for THULASI NAGAR

Thulasi Nagar guideline value

The current guideline value of Thulasi Nagar is Rs 250 per sq.ft, effective from 1 July 2024. This area is located in Valluvapakkam village, under the jurisdiction of the Walajabad Sub Registrar Office, and is classified as Residential Class I Type - II.

How the guideline value of Thulasi Nagar has changed

The guideline value for Thulasi Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 250 per sq.ft, which remained unchanged until the 2023 revision, where it was also Rs 250 per sq.ft. The 2017 revision marked a significant increase to Rs 167 per sq.ft, reflecting a 50% increase from the previous figure. The register has no figure for this street for the years 2002, 2003, and 2007.

From 2012 to 2017, there was a decrease of 33%, but from 2017 to 2023, the value increased by 50%. The overall change from 2012 to 2024 shows no increase, maintaining the value at Rs 250 per sq.ft.

Guideline values in Valluvapakkam

In Valluvapakkam, there are 20 streets under the Walajabad SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 800 per sq.ft. The median value for these streets is Rs 250 per sq.ft, which is the same as the guideline value for Thulasi Nagar.

• Un Named Layout S.No:45/4b2,5a2,5b,6b,7,8,11,12,10: Rs 250 per sq.ft (2024)
• Subiksham Nagar Ext: Rs 200 per sq.ft (2024)
• Sri Shankara Nagar: Rs 250 per sq.ft (2024)
• Sri Saravana Nagar: Rs 250 per sq.ft (2024)
• Sri Saraswathi Nagar: Rs 250 per sq.ft (2024)
• Vishwa Nagar Extension: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Thulasi Nagar

For a 1,000 sq.ft plot at the current rate of Rs 250 per sq.ft, the guideline value amounts to Rs 2,50,000. The stamp duty is charged at 7%, totaling Rs 17,500, while the registration fee is 2%, amounting to Rs 5,000. Together, the total cost for stamp duty and registration fee is Rs 22,500. 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 further calculations.

Which Sub Registrar Office covers Thulasi Nagar?

The Walajabad Sub Registrar Office covers Thulasi Nagar. The address is Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during property registration in Valluvapakkam. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on the official value set by the government.

When buying or selling property, the guideline value helps in determining the minimum sale price for the transaction. This ensures transparency and compliance with legal requirements, protecting both buyers and sellers in the real estate market.

Frequently asked questions

What is the current guideline value of Thulasi Nagar?

The current guideline value of Thulasi Nagar is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 250 per sq.ft since 2012, with a decrease to Rs 167 per sq.ft in 2017, followed by a return to Rs 250 per sq.ft in 2023 and 2024.

What is the land classification of Thulasi Nagar?

Thulasi Nagar is classified as Residential Class I Type - II, indicating its suitability for residential development.

Where can I find the registration office for Thulasi Nagar?

The registration office for Thulasi Nagar is the Walajabad Sub Registrar Office, located on Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.

How is stamp duty calculated in Thulasi Nagar?

Stamp duty in Thulasi Nagar is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 2,50,000, the stamp duty would be Rs 17,500 at 7%.