Guideline Value

Corporate

Guideline Value for THULASI NAGAR

₹555/sq.ft.

The guideline value for Thulasi Nagar in Vellanoor-2 village (Avadi SRO, Chennai zone) is Rs 555 per sq.ft, effective 1 July 2024. It was Rs 500 per sq.ft from 1 April 2023, a 11% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Vellanoor-2

Village

Avadi

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹555 /sq.ft.
From 1-4-2023 ₹500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹335 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Sub Registrar Office, Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District
044-26558484
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]

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Thulasi Nagar guideline value

The current guideline value of Thulasi Nagar, located in Vellanoor-2 village under the Avadi SRO, is Rs 555 per sq.ft as per the 2024 revision, effective from 1 July 2024. The land classification for this area is Residential Class I Type - I.

How the guideline value of Thulasi Nagar has changed

The guideline value for Thulasi Nagar has seen significant changes over the years. The 2017 revision recorded a guideline value of Rs 335 per sq.ft, which increased to Rs 500 per sq.ft in the 2023 revision. The latest revision in 2024 has further raised this value to Rs 555 per sq.ft, marking an increase of 11% from the previous year. Overall, from 2017 to 2024, the guideline value has increased by 66%.

It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street. The changes between the revisions highlight a substantial rise in the guideline value, particularly between 2017 and 2023, where there was a 49% increase.

Guideline values in Vellanoor-2

In Vellanoor-2, there are 31 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 1,800 per sq.ft. The median value for these streets is Rs 555 per sq.ft, which is equal to the guideline value of Thulasi Nagar.

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 amounts to Rs 5,55,000. The stamp duty at 7% would be Rs 38,850, and the registration fee at 2% would be Rs 11,100, leading to a total cost of Rs 49,950. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can calculate your fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thulasi Nagar?

The Sub Registrar Office that covers Thulasi Nagar is the Avadi Sub Registrar Office, located at 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-2

The guideline value is a crucial factor in the registration process when buying or selling property in Vellanoor-2. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that both parties are aware of the financial obligations involved in the transaction.

When a property is registered, the guideline value helps establish a fair assessment of the property’s worth in the eyes of the law. Buyers and sellers should be aware of the current guideline value to understand their financial responsibilities during the registration process.

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 as per the 2024 revision, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 335 per sq.ft in 2017 to Rs 555 per sq.ft in 2024, marking a total increase of 66% over this period.

What is the land classification for Thulasi Nagar?

The land classification for Thulasi Nagar is Residential Class I Type - I, indicating its designation for residential use.

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

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

How is stamp duty calculated for property in Thulasi Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a 1,000 sq.ft plot at the current guideline value of Rs 555 per sq.ft would incur a total stamp duty of Rs 38,850.