Guideline Value for THULASI NAGAR

Thulasi Nagar guideline value

The current guideline value of Thulasi Nagar, located in Athipattu village under the Thiruvottiyur SRO, is Rs 330 per sq.ft as per the 2024 revision, effective from 1 July 2024. This area is classified as 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 earliest recorded value is from 2017, which was Rs 201 per sq.ft. This increased to Rs 300 per sq.ft in 2023, marking a significant rise of 49%. The most recent revision in 2024 set the value at Rs 330 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 64%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street.

Guideline values in Athipattu

Athipattu village has a total of 108 streets under the Thiruvottiyur SRO with a 2024 guideline value ranging from Rs 220 to Rs 462 per sq.ft. The median value for these streets is Rs 330 per sq.ft, which is equal to the guideline value of Thulasi Nagar.

• Thiruvalluvar Nagar / Street: Rs 330 per sq.ft (2024)
• Usha Bhavani Avenue: Rs 330 per sq.ft (2024)
• Vaigunda Perumal Nagar: Rs 330 per sq.ft (2024)
• Vaigunda Perumal Nagar Ext: Rs 330 per sq.ft (2024)
• Vasavi Nagar: Rs 330 per sq.ft (2024)
• Vasuki Nagar: Rs 330 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 330 per sq.ft, the total guideline value would be Rs 3,30,000. The stamp duty at 7% would amount to Rs 23,100, and the registration fee at 2% would be Rs 6,600, bringing the total fees together to Rs 29,700. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can calculate your fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thulasi Nagar?

The Thulasi Nagar area falls under the jurisdiction of the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more information.

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

The guideline value plays a crucial role during property transactions in Athipattu. It is used to determine the stamp duty and registration fees that need to be paid at the time of registration. Buyers and sellers must consider this value to ensure compliance with local regulations.

When a property is sold, the guideline value can influence the sale price, as it is often referenced by government authorities. Understanding the guideline value helps both buyers and sellers navigate the registration process effectively.

Frequently asked questions

What is the current guideline value of Thulasi Nagar?

The current guideline value of Thulasi Nagar is Rs 330 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 201 per sq.ft in 2017 to Rs 330 per sq.ft in 2024, marking an overall increase of 64% over this period.

What are the other streets in Athipattu with the same guideline value?

Other streets in Athipattu that share the same guideline value of Rs 330 per sq.ft include Thiruvalluvar Nagar, Usha Bhavani Avenue, Vaigunda Perumal Nagar, Vaigunda Perumal Nagar Ext, Vasavi Nagar, and Vasuki Nagar.

Where is the Thiruvottiyur Sub Registrar Office located?

The Thiruvottiyur Sub Registrar Office is located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

How is stamp duty calculated based on the guideline value?

Stamp duty is calculated at 7% of the guideline value, while the registration fee is charged at 2%. The total fees are based on the higher of the guideline value or the sale price.