Guideline Value for THULASINGAM 2ND LANE

Thulasingam 2nd Lane guideline value

The current guideline value of Thulasingam 2nd Lane is Rs 4,300 per sq.ft, effective from 1 July 2024. This street is located in Perambur village under the Purasaivakkam SRO, classified as Residential Class II Type - I.

How the guideline value of Thulasingam 2nd Lane has changed

The guideline value for Thulasingam 2nd 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 in 2012, marking a rise of 344%. However, this value dropped to Rs 2,680 per sq.ft in 2017, reflecting a decrease of 33%. The value then rose to Rs 4,000 per sq.ft in 2023, and currently stands at Rs 4,300 per sq.ft following the 2024 revision, which is an increase of 8% from the previous year.

Notably, the register has no figures for the years 2002 and 2003 for this street. The overall change from 2007 to 2024 shows an increase of 378%, highlighting the significant fluctuations in the guideline value over the years.

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. Thulasingam 2nd Lane's current guideline value exceeds this median.

• Thulasingam 1st Street: Rs 4,300 per sq.ft (2024)
• Thulasingam 2nd Street: Rs 4,300 per sq.ft (2024)
• Thulasingam 1st Lane: 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 2nd 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, bringing the total fees together 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 further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thulasingam 2nd Lane?

The Sub Registrar Office covering Thulasingam 2nd 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 in the registration process when buying or selling property in Perambur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Thulasingam 2nd Lane?

The current guideline value of Thulasingam 2nd 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 changed from Rs 900 per sq.ft in 2007 to Rs 4,300 per sq.ft in 2024, reflecting an overall increase of 378% over the years.

What is the stamp duty for property in Thulasingam 2nd Lane?

The stamp duty for property in Thulasingam 2nd Lane is 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office located?

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

What are the other streets in Perambur with similar guideline values?

Other streets in Perambur with similar guideline values include Thulasingam 1st Street, Thulasingam 2nd Street, Thulasingam 1st Lane, and Thulasingam Street, all valued at Rs 4,300 per sq.ft in 2024.