Guideline Value for THULASINGAM 1ST STREET

Thulasingam 1st Street guideline value

The current guideline value of Thulasingam 1st Street is Rs 4,300 per sq.ft, effective from 1 July 2024. This street is located in Perambur village, under the Purasaivakkam SRO, and is classified as Residential Class II Type - I.

How the guideline value of Thulasingam 1st Street has changed

The guideline value for Thulasingam 1st Street has undergone several revisions over the years. In 2003, the value was Rs 494 per sq.ft, which increased to Rs 900 per sq.ft in 2007, marking a significant rise of 82%. The value then surged to Rs 4,000 per sq.ft in 2012, reflecting a remarkable increase of 344%. However, it decreased to Rs 2,680 per sq.ft in 2017, a drop of 33%. In 2023, the guideline value rose to Rs 4,000 per sq.ft, and in the latest revision for 2024, it stands at Rs 4,300 per sq.ft, an increase of 8% from the previous year.

It is important to note that the register has no figure for Thulasingam 1st Street for the year 2002. Overall, from 2003 to 2024, the guideline value has increased by 770%.

Guideline values in Perambur

In Perambur, there are 1,114 streets under the Purasaivakkam SRO that carry 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 of Thulasingam 1st Street is above this median.

• Thulasingam 1st Lane: 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 Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,300 per sq.ft, the total guideline value would be Rs 43,00,000. The stamp duty at 7% would amount to Rs 3,01,000, and the registration fee at 2% would be Rs 86,000, bringing the total to 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 more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thulasingam 1st Street?

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

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

The guideline value is an essential factor in property transactions within Perambur. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider the guideline value to ensure compliance with local regulations during the registration process.

When registering a property, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

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

The current guideline value of Thulasingam 1st Street 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 changed significantly over the years, starting from Rs 494 per sq.ft in 2003 to Rs 4,300 per sq.ft in 2024, reflecting an overall increase of 770% from 2003 to 2024.

What are the stamp duty and registration fees for properties on this street?

For a property valued at Rs 4,300 per sq.ft, the stamp duty would be Rs 3,01,000, and the registration fee would be Rs 86,000, totaling Rs 3,87,000 for a 1,000 sq.ft plot.

Which office handles registrations for Thulasingam 1st Street?

The Purasaivakkam Sub Registrar Office handles registrations for Thulasingam 1st Street, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

What is the land classification for Thulasingam 1st Street?

Thulasingam 1st Street is classified as Residential Class II Type - I, indicating its suitability for residential development.