Guideline Value for THULASI ST

Thulasi St guideline value

The current guideline value of Thulasi St in Vilingiyambakkam village, under the Avadi SRO, is Rs 935 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 St has changed

The guideline value for Thulasi St has seen several revisions over the years. The earliest available figure is from 2012, which was Rs 850 per sq.ft. This was followed by a decrease to Rs 569 per sq.ft in 2017, marking a decline of 33%. However, the value rebounded significantly to Rs 850 per sq.ft in the 2023 revision, before reaching the current rate of Rs 935 per sq.ft in 2024, reflecting a 10% increase.

From 2017 to 2023, the guideline value increased by 49%, bringing it to Rs 850 per sq.ft. The overall change from the 2012 revision to the current 2024 figure shows a modest increase of 10%, as the value moved from Rs 850 per sq.ft in 2012 to Rs 935 per sq.ft in 2024. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Vilingiyambakkam

In Vilingiyambakkam, there are 252 streets under the Avadi SRO that carry a 2024 guideline value, ranging from Rs 800 to Rs 4,400 per sq.ft. The median guideline value is Rs 935 per sq.ft, which is equal to the current figure for Thulasi St.

• Thiruvika St: Rs 805 per sq.ft (2024)
• T.R.R.1st Cross St: Rs 935 per sq.ft (2024)
• T.R.R.2nd Cross St: Rs 935 per sq.ft (2024)
• T.R.R.Street: Rs 935 per sq.ft (2024)
• THIRUVALLUR to CHENNAI ROAD: Rs 1,650 per sq.ft (2024)
• THIRUVALLUR to CHENNAI RAILWAY LINE: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Thulasi St

For a 1,000 sq.ft plot at the current guideline value of Rs 935 per sq.ft, the total guideline value would be Rs 9,35,000. The stamp duty at 7% would amount to Rs 65,450, while the registration fee at 2% would be Rs 18,700. Therefore, the total cost for these fees would be Rs 84,150. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Thulasi St?

The Thulasi St falls under the jurisdiction of the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. For more information, you can find your SRO.

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

The guideline value plays a crucial role in property transactions in Vilingiyambakkam. It serves as a basis for calculating the stamp duty and registration fees that must be paid when buying or selling property. Buyers should be aware that the guideline value is often used to determine the minimum price for registration purposes.

When a property is sold, the buyer must ensure that the sale price is at least equal to the guideline value to avoid any issues during the registration process. This ensures that the transaction is compliant with local regulations and helps in accurate tax assessments.

Frequently asked questions

What is the current guideline value of Thulasi St?

The current guideline value of Thulasi St is Rs 935 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 850 per sq.ft in 2012 to Rs 569 per sq.ft in 2017, then back to Rs 850 per sq.ft in 2023, and finally to Rs 935 per sq.ft in 2024.

What is the land classification for Thulasi St?

Thulasi St is classified as Residential Class II Type - II under the current guidelines.

How is stamp duty calculated for properties on Thulasi St?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For instance, for a 1,000 sq.ft plot, the total guideline value is Rs 9,35,000, leading to a stamp duty of Rs 65,450.

Where is the Sub Registrar Office for Thulasi St located?

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