Guideline Value for THULASI NAGAR

Thulasi Nagar guideline value

The current guideline value of Thulasi Nagar is Rs 555 per sq.ft, effective from 1 July 2024. This area is located in Vellanoor-1 village, under the Avadi Sub Registrar Office (SRO). The land classification for this street is Residential Class I Type - I.

How the guideline value of Thulasi Nagar has changed

The guideline value for Thulasi Nagar has seen several revisions over the years. The 2017 revision set the value at Rs 335 per sq.ft. In 2023, it increased to Rs 500 per sq.ft, marking a significant rise of 49%. The most recent revision in 2024 brought the value to Rs 555 per sq.ft, which is an 11% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 66%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street in the register.

Guideline values in Vellanoor-1

In Vellanoor-1 village, there are 34 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 1,980 per sq.ft. The median value is Rs 555 per sq.ft, which is equal to the guideline value for Thulasi Nagar.

• Thiruvallur Nagar: Rs 440 per sq.ft (2024)
• Thanigai Nagar: Rs 555 per sq.ft (2024)
• Sri Sivasakthi Nagar: Rs 555 per sq.ft (2024)
• Sri Perumal Nagar: Rs 555 per sq.ft (2024)
• Sri Krishna Nagar: Rs 555 per sq.ft (2024)
• Sri Ganapathy Nagar Annexe: Rs 440 per sq.ft (2024)

Stamp duty and registration fee for property in Thulasi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 555 per sq.ft, the total guideline value would be Rs 5,55,000. The stamp duty at 7% would amount to Rs 38,850, while the registration fee at 2% would be Rs 11,100. Together, the total charges would be Rs 49,950. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thulasi Nagar?

Thulasi Nagar falls under the Avadi Sub Registrar Office. The address is Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Vellanoor-1

The guideline value is a crucial factor when registering property transactions in Vellanoor-1. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the fair valuation of the property. It is essential for buyers to be aware of the guideline value to ensure they are not overpaying during the transaction.

Frequently asked questions

What is the current guideline value of Thulasi Nagar?

The current guideline value of Thulasi Nagar is Rs 555 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 335 per sq.ft in 2017 to Rs 500 per sq.ft in 2023, and then to Rs 555 per sq.ft in 2024. This represents an overall increase of 66% from 2017 to 2024.

What is the land classification for Thulasi Nagar?

The land classification for Thulasi Nagar is Residential Class I Type - I. This classification indicates the type of development permitted in the area.

Where can I find the Sub Registrar Office for Thulasi Nagar?

The Sub Registrar Office covering Thulasi Nagar is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

How is the stamp duty calculated for property in Thulasi Nagar?

Stamp duty for property 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 5,55,000, the stamp duty would be Rs 38,850 at 7%.