Guideline Value for THULASINGAM 1ST LANE

Thulasingam 1st Lane guideline value

The current guideline value of Thulasingam 1st Lane is Rs 4,300 per sq.ft, effective from 1 July 2024. This lane is located in Perambur village, under the Purasaivakkam Sub Registrar Office (SRO). The land classification for this area is Residential Class II Type - I.

How the guideline value of Thulasingam 1st Lane has changed

The guideline value for Thulasingam 1st Lane has seen several revisions over the years. In 2007, the value was Rs 900 per sq.ft, which increased significantly to Rs 4,000 per sq.ft by 2012. However, there was a decrease to Rs 2,680 per sq.ft in 2017. Following this, the value rose to Rs 4,000 per sq.ft in 2023, and the most recent revision in 2024 set the value at Rs 4,300 per sq.ft. The register has no figures for this street for the years 2002 and 2003.

In terms of percentage changes, from 2007 to 2012, there was a substantial increase of 344%. However, the value decreased by 33% from 2012 to 2017. The value then increased by 49% from 2017 to 2023, and the latest revision from 2023 to 2024 reflects an increase of 8%. Overall, from 2007 to 2024, the guideline value has increased by 378%.

Guideline values in Perambur

In Perambur, a total of 1114 streets under the Purasaivakkam SRO have a 2024 guideline value ranging from Rs 1,600 to Rs 7,100 per sq.ft, with a median value of Rs 2,700 per sq.ft. The guideline value for Thulasingam 1st Lane is above this median, indicating its relative position within the area.

• Thulasingam 1st Street: Rs 4,300 per sq.ft (2024)
• Thulasingam 2nd Lane: Rs 4,300 per sq.ft (2024)
• Thulasingam 2nd Street: Rs 4,300 per sq.ft (2024)
• Thulasingam Street: Rs 4,300 per sq.ft (2024)
• Thiru.V.K Street: Rs 3,200 per sq.ft (2024)
• Thiru.V.K Nagar Main Road: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Thulasingam 1st Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 4,300 per sq.ft, the total guideline value amounts to Rs 43,00,000. The stamp duty at 7% would be Rs 3,01,000, and the registration fee at 2% would be Rs 86,000, making the total cost Rs 3,87,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thulasingam 1st Lane?

The Sub Registrar Office that covers Thulasingam 1st Lane is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Perambur. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of property.

When a property is sold, the guideline value is used to calculate the applicable taxes, ensuring that the transaction is recorded accurately and in compliance with local regulations. Buyers and sellers should be aware of the current guideline value to understand their financial obligations during the transaction.

Frequently asked questions

What is the current guideline value of Thulasingam 1st Lane?

The current guideline value of Thulasingam 1st Lane is Rs 4,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 900 per sq.ft in 2007 to Rs 4,300 per sq.ft in 2024, reflecting an overall increase of 378% over this period.

What is the land classification for Thulasingam 1st Lane?

The land classification for Thulasingam 1st Lane is Residential Class II Type - I.

Where can I find the Sub Registrar Office for Thulasingam 1st Lane?

The Sub Registrar Office for Thulasingam 1st Lane is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

How is stamp duty calculated for properties in Thulasingam 1st Lane?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 4,300 per sq.ft, the total guideline value would be Rs 43,00,000.